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Smart Parking Ltd
ASX:SPZ

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Smart Parking Ltd
ASX:SPZ
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Price: 1.065 AUD 0.47% Market Closed
Market Cap: AU$436.8m

Smart Parking Ltd
Investor Relations

Smart Parking Ltd. engages in the provision of design, development, and management of parking technology. The company is headquartered in Melbourne, Victoria. The company went IPO on 2007-01-09. The firm's segments include Parking Management, Technology, and Research & Development. The Parking Management segment is engaged in the provision of parking management solutions, predominantly servicing the retail sector, managing agents and land owners in the United Kingdom. The Technology segment includes sale of Smart City and Internet of Things (IoT) technology, hardware and software predominantly for parking solutions around the world. The Research & Development includes costs to research, develop and improve Smart City, IoT and automatic number plate recognition (ANPR) software/hardware for both the Technology and Parking Management segments. The firm's Smart Parking mobile application is designed to help direct motorists to available parking spaces, advise of car park conditions and tariffs, and utilize contactless payment.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Feb 16, 2026
AI Summary
Q2 2026

Record Revenue Growth: Revenue nearly doubled, up 96% year-over-year to $62.6 million, driven by both the Peak Parking US acquisition and strong organic growth.

Significant Profit Expansion: Adjusted EBITDA rose 85% to $15.6 million, while net profit after tax before customer amortization surged 163% to $6.5 million.

US Acquisition Outperformance: Peak Parking in the US is exceeding expectations and contributing meaningfully to earnings; EBITDA in the US was $4.5 million, up 24%.

Free Cash Flow Strength: Free cash flow jumped 119% to $10.4 million and cash on hand increased 31% to $15.3 million, supporting self-funded growth.

Strategic Global Expansion: Continued international growth in key markets (UK, Germany, New Zealand, Switzerland), with Germany forecast to be EBITDA positive by January 2026.

U.K. Margin Dynamics: Debt recovery initiatives are boosting yields, but higher legal costs have mildly reduced U.K. EBITDA margin to 29.3%.

Confident Outlook: Management remains optimistic for the rest of FY26 and FY27, citing a strong pipeline and ongoing site additions.

Key Financials
Revenue
$62.6 million
Adjusted EBITDA
$15.6 million
Net Profit After Tax (before customer amortization)
$6.5 million
Earnings Per Share
$0.0156 per share
Free Cash Flow
$10.4 million
Cash on Hand
$15.3 million
Adjusted EBITDA Margin
24.9%
Underlying Adjusted EBITDA Margin (excl. UK debt/legal, Switzerland)
29.2%
Group Overheads
$18.9 million
Peak Parking (US) Revenue
$13.5 million
Peak Parking (US) EBITDA
$4.5 million
UK Revenue
$41.6 million
New Zealand Revenue
$4.2 million
Germany Revenue
$2.6 million
Number of Sites Under Management
1,852 APR sites
Gross New Sites Added (First Half)
200
UK Sites (End of Half)
1,397
UK EBITDA Margin
29.3%
NZ EBITDA Margin
44.5%
Earnings Call Recording
Other Earnings Calls
2026
2023
2022
2021

Management

Mr. Paul Gillespie
MD, Company Secretary & Executive Director
No Bio Available
Mr. Richard Ludbrook
Group CFO & Company Secretary
No Bio Available
Ms. Johanna Hiney
Managing Director of UK
No Bio Available
Ms. Rebecca Grainger
Managing Director of New Zealand
No Bio Available
Mr. Ben Williams
International Business Development Director
No Bio Available
Mr. Peter Coakley
Operations Director
No Bio Available
Mr. Kin Chan
Chief Technology Officer
No Bio Available
Mr. David Collings
Sales Director
No Bio Available
Mr. Damien Smith
Head of Technology Operations & Project Delivery
No Bio Available
Ms. Raife Kilicarslan
Head of Sales - Germany
No Bio Available

Contacts

Address
VICTORIA
Melbourne
Port Melbourne, 854 Lorimer St
Contacts
+61386444021.0
www.smartparking.com
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