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2 Cheap Cars gains momentum as takeover offer reaches 90 cents

6:30am on Friday 25th of September, 2026 AEST • Automotive Retail
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2 Cheap Cars gains momentum as takeover offer reaches 90 cents

6:30am on Friday 25th of September, 2026 AEST
Key Points
  • Unaudited FY27 NPAT rises to NZ$2.3 million in five months
  • Gross margin improves to 25% despite 2% fewer vehicles sold
  • Sena & Co increases takeover offer to NZ$0.90 per share
  • Offer has received acceptances for 12.525% of shares
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