Latest Automotive News

Peter Warren Automotive Holdings reported a modest revenue increase but a sharp profit decline in FY25, unveiling a new CEO and a refreshed growth strategy to tackle industry challenges.

Turners Automotive Group has reported a record FY25 financial performance, with net profit after tax rising 17% to $38.6 million and dividends increasing 14% to 29.0 cents per share, underscoring resilience amid a challenging New Zealand economy.

Schaffer Corporation reported a 16% rise in underlying net profit for FY25, driven by strong Automotive Leather and Delta divisions, while maintaining its dividend and appointing a new CEO to steer future growth.

Schaffer Corporation Limited reported a 1.5% increase in revenue to $229.7 million for FY2025, despite a 10.3% decline in net profit to $24.3 million. The company declared a fully franked final dividend of 45 cents per share, maintaining total dividends at 90 cents for the year.

ARB Corporation Limited has announced a fully franked ordinary dividend of AUD 0.35 per share for the half-year ending June 2025, alongside shareholder-friendly reinvestment plans.

ARB Corporation Limited has announced a special fully franked dividend of AUD 0.50 per share for the fiscal year ending June 2025, alongside attractive reinvestment options for shareholders.

ARB Corporation Limited reported a 5.3% increase in sales revenue to $729.9 million for FY2025, driven by strong export growth and steady domestic sales, while profit after tax declined 5%. The company declared a special fully franked dividend amid ongoing US expansion efforts.

Adrad Holdings reported an 8.9% rise in FY25 sales revenue to $153.1 million despite a slight dip in EBITDA, while declaring a fully franked dividend and outlining strategic initiatives for FY26.

Latrobe Magnesium secures EPA Victoria approval to begin commissioning and operations at its Hazelwood North Demonstration Plant, moving closer to commercial magnesium oxide production.

Connexion Mobility Ltd reported a robust 14% revenue increase and a 32% rise in profit after tax for FY25, underpinned by its SaaS fleet management platforms and a significant share buyback program.

Euro Manganese Inc. has bolstered its development of the Chvaletice Manganese Project with new financing and critical regulatory approvals, while progressing offtake discussions amid ongoing market uncertainties.

Amotiv Limited reported modest revenue growth and a slight EBITA decline in FY25, offset by a significant non-cash impairment and strong capital returns. The company anticipates growth in FY26 amid ongoing market headwinds.