MaxiPARTS (ASX: MXI) has reaffirmed its FY26 guidance, projecting revenue between $273 million and $278 million and operating NPBT of $13.4 million to $14.1 million.
The confirmation comes despite softer customer activity from March that remained below earlier highs through April and May.
This was due to the impact of the Middle East conflict on the transport sector, which affected diesel availability in some regions and led to increased uncertainty and significant cost increases.
Reduced operating activity also resulted in deferred parts procurement, with servicing limited to essential items.
Trading stabilised somewhat in April and May with a modest recovery, yet activity remains broadly in line with the prior corresponding period and below pre-disruption levels.
Guidance Reaffirmed Despite Headwinds
Despite these headwinds, MaxiPARTS expects its FY26 full-year results to be broadly in line with previous guidance.
The company projects FY26 revenue between $273 million and $278 million.
The guidance for underlying operating profit before tax (NPBT, before significant items) is set between $13.4 million and $14.1 million.
FY26 significant items, related to cost reduction initiatives, are estimated at $0.3 million.
Proactive cost reduction and working capital management initiatives are expected to support profit margins in the second half of FY26.
Förch Australia Shows Resilience
Förch Australia's performance has proven more resilient during this period.
The segment continues to grow at low double-digit rates year-on-year.
Crucially, Förch Australia has not been impacted to the same extent as MaxiPARTS Operations by the broader transport sector disruptions.
The company completed the acquisition of the remaining 20% minority interest in Förch Australia in July 2025, further integrating this resilient business.
Outlook and Risks
MaxiPARTS has maintained its FY26 financial targets despite current sector headwinds, banking on cost efficiencies and improved working capital to shore up profits.
Persistent freight cost pressures or procurement deferrals beyond May pose a risk to revenue and margin targets, while the resilience of Förch Australia provides a buffer.
Investors will also need to watch the execution of the company's cost reduction and working capital initiatives, as well as the timing of any market recovery.
Potential impacts from commodity price fluctuations affecting transport costs are another consideration.
