UK Automotive distributor Inchcape reported lower revenue and profit for FY2025, alongside a new £175m ($232.25) share buyback.
For the year ended 31 December 2025, revenue from continuing operations declined 2% to £9.10bn from £9.26bn.
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Operating profit from continuing operations fell 6% to £526m, while operating margin edged down 30 basis points to 5.8%.
Total profit for the period fell 37% to £273m but basic earnings per share rose 9% to 72.5p.
The full-year dividend was raised 13% to 32.3p per share, in line with the 40% adjusted basic EPS payout policy.
Asia-Pacific (APAC) posted a 15% fall in revenue to £2.54bn and a 23% drop in adjusted operating profit to £182m.
Europe & Africa recorded 8% revenue growth to £3.26bn, with adjusted operating profit up 6% to £151m.
The Americas delivered revenue of £3.30bn, up 1%, while adjusted operating profit increased 11% to £230m.
During the year, Inchcape secured 10 distribution contract wins and acquired Icelandic distributor Askja for £35m.
It completed a £250m buyback on 2 March 2026 and announced a further £175m programme.
Inchcape group CEO Duncan Tait said: “During a transformative year in the automotive sector in FY 2025, Inchcape’s diversified and scaled business model delivered results in line with our medium-term targets, reporting double-digit EPS growth.
“Our performance in 2025 was driven by good momentum in our Americas and Europe and Africa regions and we are taking actions to address challenges in APAC.”
For FY2026, the company expects organic volume growth towards the lower end of its 3%–5% guidance range, weighted to the second half.
It forecasts adjusted operating margins of around 6%, free cash flow conversion of approximately 100%, and EPS growth of more than 10%, supported by continued momentum in the Americas and Europe & Africa and management actions in APAC.
