Earnings call transcript: Motorcycle Holdings posts record FY 2026 profit, shares rise 7.5%

Motorcycle Holdings reported a record FY 2026 profit, with full-year revenue climbing 21.3% to AUD 788.7 million. Underlying net profit after tax grew 42.6% to AUD 25.7 million, while earnings per share increased to AUD 0.348. The stock rose 7.5% after the earnings call, reaching $3.01. Gross margin improved to 26.8% from 25.1%, driven by currency tailwinds and better inventory management.

New vehicle, used vehicle, and wholesale sales all hit record highs. The company moved from net debt of AUD 9 million to net cash of AUD 13 million. While management expressed caution for FY 2027 due to interest rate pressure and weak discretionary spending, the company highlighted growth opportunities in CFMOTO Australia-New Zealand, Harley-Davidson retail expansion, MCAS growth, and retail consolidation initiatives.

CEO Matthew Wiesner emphasized the company's transformation into a "one company, one platform, four pillars" structure, positioning it as the market leader in its category with nearly 20% share of new motorcycle and off-road vehicle sales in Australia.