Smart Parking reports record revenue, strategic expansion in FY25

Smart Parking Limited (SPZ) reported record results for FY25, with total revenue increasing 41% to $77.3m and adjusted EBITDA rising 47% to $20.5m. This growth was bolstered by strong organic performance and the acquisition of Peak Parking LLC in the USA for $56.9m, funded by a $45.0m equity raising.

The company's parking management division expanded its ANPR sites under management by 26% to 1,799, with PBNs issued increasing 21% to 1,036,423. Strategic growth included launching operations in Switzerland in July 2025 and contributing to US market expansion through Peak Parking LLC, which added 134 sites across six US states.

SPZ maintains a strong cash position with $12.7m on hand (excluding cash held on behalf of customers) and is focused on its target of 3,000 ANPR sites by December 2028. The company also announced its exit from Queensland, Australia operations in July 2025 and invested $0.6m in research and development to enhance its technology platform.