Smart Parking Limited reported a robust half-year result for December 2025, nearly doubling revenue to $62.6 million and boosting adjusted EBITDA by 85%, driven by its US acquisition and international growth.
- Revenue surged 96% to $62.6 million
- Adjusted EBITDA rose 85% to $15.6 million
- US acquisition of Peak Parking contributed $4 million EBITDA
- Expansion into Switzerland launched mid-2025
- Queensland operations closed due to regulatory changes
Strong Growth Fueled by Strategic Acquisition
Smart Parking Limited has delivered a standout half-year performance for the period ending 31 December 2025, nearly doubling its revenue to $62.6 million compared to the prior corresponding period. This impressive growth was largely driven by the acquisition of US-based Peak Parking LLC in February 2025, which contributed $13.5 million in revenue and $4 million in adjusted EBITDA during the half-year.
The acquisition not only expanded Smart Parking’s footprint into the world’s largest parking market but also accelerated earnings growth, with the company expecting earnings per share accretion to exceed 30%, well ahead of initial investment expectations.
International Expansion and Operational Highlights
Beyond the US, Smart Parking has broadened its global presence with new operations in Switzerland launched in July 2025, aiming to leverage its proprietary technology to differentiate itself in the European market. The company also reported strong organic growth in the UK and New Zealand, with the latter seeing a 23% revenue increase and a healthy EBITDA margin of 44.4%.
However, the company faced challenges in Denmark following new government regulations requiring physical placement of parking breach notices, which has temporarily reduced revenue per site and increased operating costs. The German operation remains in investment mode, recruiting industry experts and commencing manual enforcement to complement its ANPR technology.
Financial Position and Future Outlook
Smart Parking’s balance sheet remains robust, with $15.3 million in cash (excluding client funds) and undrawn debt facilities including a US$10 million revolving credit line. The company continues to invest in property, plant, and equipment, spending $3.8 million in the half-year to support future growth.
Despite closing its Queensland business due to regulatory restrictions on access to the motor vehicle register, Smart Parking is redeploying equipment to more promising markets such as New Zealand. The Group’s strategic focus remains on growing its ANPR sites to 3,000 by the end of 2028, which is expected to drive further revenue and earnings expansion.
Overall, Smart Parking’s half-year results reflect a successful integration of acquisitions, solid organic growth, and a clear path to scaling its technology-led parking management solutions across multiple international markets.
Bottom Line?
Smart Parking’s strong half-year sets the stage for accelerated growth, but regulatory hurdles and integration execution will be key to watch.
Questions in the middle?
- How will regulatory developments in Denmark impact Smart Parking’s European expansion?
- What is the timeline and expected impact of further ANPR site growth toward the 3,000-site target?
- How will the contingent consideration payout for Peak Parking shares affect shareholder value?