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Our Full Year 2025 Results

Further strategic progress & delivery against medium term targets

World’s leading independent automotive distributor

At Inchcape, we use our in-market expertise coupled with our advanced data analytics to deliver outstanding performance for our partners and build stronger automotive brands.

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Inchcape operates in 40+ markets across the Americas, Asia-Pacific, Europe & Africa, leveraging our global scale and local expertise to drive growth for our OEM partners.

Our global markets

40+

markets worldwide

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We have long-standing partnerships with more than 60 of the world’s leading automotive brands. For decades, we’ve built and sustained strong partnerships with the world’s leading automotive brands while continuing to welcome new brands throughout the years.

Our OEM partners

60+

OEM brand partners

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Our diverse and talented global team foster an inclusive and collaborative culture as we work to deliver for our partners and customers as we transform tomorrow, together.

Join us

16K+

colleagues

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Explore how Inchcape is delivering long-term value through strategic growth, disciplined capital allocation, and strong global partnerships. Visit our Investor section for the latest results, reports, and insights into our performance and outlook.

Our investment case

£9.3bn

2024 revenue

Our Distribution model

Discover more about our differentiated offering as the world’s leading independent automotive Distributor. Gain insight into how we operate, what sets us apart, and how we deliver value for our OEM partners.

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Product planning

Pricing, range, spec and inventory management

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Logistics

Shipping, importation, warehousing and preparation

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Brand and marketing

Awareness and demand via online & offline channels

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Channel management

Identify best partners for our retail network

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Retail

Exceptional omni-channel customer experience

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Value-added services

Parts, used cars, servicing and finance & insurance

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Global scale. Local expertise.

Inchcape operates in 40 countries across the Americas, Asia Pacific, and Europe & Africa. Across our global footprint, we partner with leading automotive brands in both developed and emerging markets.

40+

OEM brand partners

14

countries

25

OEM brand partners

18

countries

28

OEM brand partners

9

countries

FY25 Results

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"During a transformative year in the automotive sector, Inchcape’s diversified and scaled business model delivered results in line with our medium-term targets, reporting double-digit EPS growth and winning 10 new Distribution contracts. Looking ahead, we expect to deliver a year of growth in FY26."

Duncan Tait

Group Chief Executive

Revenue

£9.1bn

 Reported revenue

Organic growth

1%

(YoY%)

Profitability

 £443m

Adjusted PBT +3% YoY in constant currency

Operating margin

 6.2%

 (10)bps in constant currency

 ROCE

29%

 vs 27% in FY 2024

Balance sheet & cash

£315m

 Free cash flow, 104% FCF:PAT conversion

 Adjusted net debt

 £264m

excluding lease liabilities vs £190m in FY24

Leverage

 0.4x

 vs 0.3x in FY 2024

Shareholder returns

 80.8p

 Adjusted basic EPS +13% from FY24

 Dividend per share (proposed)

 32.3p

+13% from FY24

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The global mobility transition, delivered locally

Our approach to Sustainability, which underpins our Accelerate+ strategy, outlines how we plan to accelerate the global mobility transition.

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Closing the knowledge gap by delivering insights

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Accelerating sustainable mobility by enabling new technologies

sustainable route to market

Providing the most sustainable route to market

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Transforming tomorrow, together

You can make a big impact at Inchcape and be part of driving our industry’s evolution, helping shape the future of mobility. Thrive in a collaborative and inclusive culture, delivering great experiences for our partners, customers and each other.