SUL +12.34%: A solid result, although we initially thought we must have missed something when the stock surged above $20. It was likely a dearth of sellers who drove the price to fresh all-time highs before calm returned and the stock spent most of the day trading below $19.
Importantly, recent trading activity highlighted improving sales momentum into 1H26 for the key Supercheap Auto business – as expected, no FY26 guidance was given.
- Revenue of $4.07nbn came in just above expectations.
- NPAT of $232.4mn beat expectations of $217.7mn by +5.9%.
- They also announced a 30c special dividend in addition to its 34c dividend, both of them being fully franked.
We own SUL for both growth and income in two of our portfolios.
MM is long and bullish SUL
Add To Hit List
