Australia's  Autosports Group hits record high on strong start to FY26

Autosports

21/08/2025 02:26

** Shares of Autosports Group  ASG.AX  rise as much as 9.6% to an all-time high of A$3.09; last up 7.8%

** At the current level, the stock is heading for its best day since May 6, if gains hold

** Automotive dealer says FY revenue rises 8.2% to a record high of A$2.87 billion ($1.84 billion)

** Says July 2025 revenue up about 13.5%

** Although FY profit falls 46%, co posts stronger performance in the second half compared to the first half

** Declares final dividend of 4.5 AU cents per share, lower than 8.0 AU cents last year

** Stock up ~74% this year, including the day's move

($1 = 1.5567 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))