Eagers Automotive (ASX:APE) Hits Record $11.2B Revenue with BYD Deal Boosting ASX300 Outlook

2 min read | May 28, 2025 11:00 PM PDT | By Team Kalkine Media

Google News:

Eagers Automotive (ASX:APE) Hits Record $11.2B Revenue with BYD Deal Boosting ASX300 Outlook — Image source: Shutterstock

Recent News

Oracle's AI Push Gains Ground Across Critical Services

Why is Marathon Petroleum (NYSE:MPC) moving with S&P 500 Energy?

Why AbbVie (NYSE:ABBV) Gains in S&P 500 Index Biopharma Push?

Why FactSet Research Systems Anchors Index Stability Gains Now?

Make Kalkine Media
My Trusted Source

Highlights

Record $11.2B revenue posted for 2024

New long-term retail partnership with BYD Australia

Positive outlook supported by strong property assets

Eagers Automotive (ASX:APE) has delivered a record-breaking performance in 2024, posting a full-year revenue of $11.2 billion. This marks a robust 13.6% increase—or $1.3 billion jump—compared to the previous year, reflecting resilient operations despite broader economic headwinds.

The company also announced an Underlying Operating Profit Before Tax of $371.2 million and a Statutory Profit Before Tax of $335.6 million. Its reported EBITDAI stood at $550.4 million, underscoring the scale and efficiency of its operations within Australia’s evolving automotive retail landscape.

Adding to the positive sentiment, Eagers Automotive declared a full-year dividend of 74.0 cents per share, matching the previous year’s payout. This consistency positions it among notable ASX dividend stocks, appealing to income-focused investors watching the ASX300 closely.

In line with its long-term growth strategy, Eagers has made strategic advances in environmental, social, and governance (ESG) practices. The integration of sustainability measures into its governance and risk frameworks highlights a proactive approach toward meeting stakeholder expectations and regulatory developments. Focus areas have included safety improvements, cultural initiatives, and energy reduction efforts.

Looking ahead to 2025, the company remains optimistic despite inflationary pressures and rising interest rates. Management pointed to its solid balance sheet and substantial property portfolio as key enablers for future investments under its Next100 strategy. Early 2025 trading results have already shown an underlying profit before tax slightly ahead of the previous year, supporting the outlook for continued revenue growth beyond the $1 billion mark.

A significant development during the year was the announcement of a new long-term agreement with BYD Australia, strengthening Eagers' position in the electric vehicle (EV) space. The five-year retail joint venture includes a further five-year option, granting the company expanded rights to grow the BYD retail network across Australia. This aligns with the increasing market demand for EVs and adds depth to Eagers’ brand portfolio.

CEO Keith Thornton attributed the strong 2024 performance to the company's people and strategic clarity, highlighting the importance of the new BYD partnership for long-term success.

As a member of the ASX 300, Eagers Automotive continues to stand out for its consistency, growth potential, and focus on innovation—making it a key player to watch in Australia's automotive and retail sectors.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.