Autosports Group reports a 22% jump in order write driven by battery electric vehicles, with FY26 profit forecast raised to $51-54 million.
- BEV orders exceed 40% from April 2026
- 22% increase in H2 FY26 order write
- Delivery delays to ease by Q1 FY27
- FY26 normalised NPBT guidance raised to $51-54 million
- Positive FY27 outlook supported by acquisitions and new BEV brands
Battery Electric Vehicles Drive Record Orders
Autosports Group Limited (ASX:ASG) is riding a wave of surging demand for battery electric vehicles (BEVs), which now make up more than 40% of customer orders since April 2026, up from about 15% earlier in the year. This sharp shift in consumer preference has propelled a 22% increase in order write during the second half of FY26, positioning the company for a record-breaking year in terms of order volume.
Delivery Bottlenecks and Inventory Imbalance
The rapid rise in BEV orders has created a temporary supply-demand mismatch, with deliveries in the latter half of FY26 pushed into FY27 due to limited BEV inventory. Autosports Group expects this delivery imbalance to ease by the end of the first quarter of FY27 as its brand partners ramp up production and supply chains adjust accordingly.
Margins and Macroeconomic Headwinds
Despite three interest rate hikes in the second half of FY26 impacting inventory holding costs and corporate interest expenses, Autosports Group reports resilient gross margins that are expected to surpass FY25 levels. The company attributes this to its disciplined brand representation strategy focusing on future-ready, stable-margin products. Operating expenses have been temporarily elevated due to the large order bank, but these costs are anticipated to normalise as deliveries convert through FY27.
Upgraded FY26 Profit Guidance
Autosports Group now expects to report a normalised net profit before tax (NPBT) between $51 million and $54 million for FY26, ahead of the $47.1 million achieved in FY25. This preliminary and unaudited guidance excludes certain accounting adjustments and acquisition-related costs. The improvement reflects the strong order momentum and margin resilience despite challenging macroeconomic conditions.
Growth Prospects Into FY27
Looking ahead, Autosports Group maintains a positive outlook for FY27, anticipating growth driven by improved BEV supply converting the existing order bank into deliveries. The company also expects contributions from the full-year impact of recent acquisitions in Canberra, Melbourne, and Adelaide, along with further expansion through new BEV-focused brands at greenfield sites. This strategy aligns with Autosports Group’s broader aim to capitalise on the accelerating shift towards electric vehicles in the luxury automotive sector.
Bottom Line?
Autosports Group’s BEV-driven order surge and upgraded profit guidance underscore its strategic positioning, but delivery timing and macro challenges warrant close attention.
Questions in the middle?
- How quickly will BEV supply chain constraints ease to support delivery targets?
- What impact will rising interest rates have on Autosports Group’s inventory and financing costs in FY27?
- Which new BEV-focused brands and greenfield sites will drive the next phase of growth?