MaxiPARTS Says Activity Levels Declined Amid Middle East Conflict

MT Newswires Live
May 22

MaxiPARTS (ASX:MXI) said activity levels fell in March and have remained below earlier highs as the Middle East conflict drove uncertainty and higher costs for customers in the transport sector, according to a Friday filing with the Australian bourse.

The conflict also impacted the availability of diesel in some regions of Australia, leading to a reduction in operating activity with customers deferring parts procurement and limiting servicing to essential items, the automotive supplies distributor said.

The company has implemented various measures to cut costs, better manage working capital, and support profit margins in the second half of the year.

MaxiPARTS expects its fiscal year 2026 results to be "broadly in line with previous guidance at an underlying profit level," the company said. It expects an operating net profit before tax of AU$13.4 million to AU$14.1 million, and revenue of AU$273 million to AU$278 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10