RPM Automotive Group Ltd.
AASX:RPM0.01
AUD
+0.00
(-8.33%)
RPM Automotive Group Ltd.
ASX:RPM
(Australian Securities Exchange)
Recent
price
0.01
P/E
ratio
3.28
div
yld
- -
ROIC.AI
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.- Similar Companies
- Business
- RPM Automotive Group Limited is an Australian-based company engaged in the automotive aftermarket sector, specializing in the manufacture, import, wholesale, and retail of parts and accessories for motorsport, passenger, and commercial vehicles. The company’s core product offerings include soft accessories and safety equipment for motorsport participants; emissions products for passenger vehicles; automotive accessories such as tow bars, side rails, bull bars, nudge bars, and roof racks; and the import and wholesale distribution of tires for commercial vehicles. It also provides services including roadside assistance, mechanical repairs, and tire fitment. RPM owns several brands including RPM Racewear, Carline, Genie, Air Anywhere, Formula Off-Road, RPM Autoparts, Safety Dave, and Max 4x4. The company's operations cover the Australian market with a nationwide footprint across wholesale distribution and retail channels. Founded in 1982 and headquartered in Dandenong South, Australia, RPM Automotive Group has recently undergone significant strategic developments. In early 2024, Guy Nicholls, a seasoned automotive executive, was appointed CEO, bringing enhanced operational focus and improved capital allocation across the business. This leadership transition has contributed to improved financial performance, including a record half-year profit in 2024 with a 74% increase in net profit after tax, driven by stronger gross margins and controlled operating expenses. The company has also announced a profit upgrade for fiscal year 2024 and outlined targeted EBITDA growth for fiscal year 2025, reflecting operational efficiencies and organic growth initiatives. Recent strategic initiatives include partnerships with tire manufacturers like Yokohama and Wholesale Holdings Group (WHG) to support geographic expansion and procurement efficiencies. RPM is also preparing to launch a tire recycling program as part of its sustainability efforts. Additionally, the company has strengthened its balance sheet by eliminating convertible notes and focused on working capital optimization. These changes aim to improve margins, enhance cash flow generation, and support the company’s growth ambitions in the Australian automotive aftermarket industry. Overall, RPM Automotive Group Limited operates across several segments including Motorsport, Repairs and Roadside, Wheels and Tyres, and Performance & Accessories, serving tradespeople, retailers, and end consumers within Australia’s automotive sector while leveraging its portfolio of brands and expanded service offerings to drive growth and profitability.