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MAXIPARTS LIMITED — Capital/Financing Update 2025
Jun 29, 2025
65389_rns_2025-06-29_630c4b44-c423-44da-baeb-c36f3db2ce58.pdf
Capital/Financing Update
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ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W corporate.maxiparts.com.au
30 June 2025
ASX Announcement
MaxiPARTS Limited (ASX: MXI) Update
Debt Facility Extension; Forch Distribution Agreement Extension and Minority Forch acquisition; Kalgoorlie site opening and FY25 Results date
Debt Facility Extension
MaxiPARTS has successfully negotiated an extension of our debt facility with our current banking partner, Commonwealth Bank of Australia. The facility provides MaxiPARTS with a non-amortising loan facility of $28m with a maturity date of 30 September 2028.
The facility, which was drawn to $25.0m as at last reporting date, is sufficient to support the business in its current form and will continue to allow the business to continue to invest in its organic growth programs.
Forch Australia
MaxiPARTS has negotiated an extension of its exclusive Australian distribution agreement for FÖRCH products until 31 May 2032 (previously expiring in April 2030).
MaxiPARTS has also exercised its option to acquire the remaining 20% shareholding of Forch Australia Pty Ltd. This acquisition is governed by the previously agreed valuation methodology and although yet to be formally agreed, is expected to be completed early in FY26 for a total consideration of circa $2.1m.
The Forch Australia business is a key component of our overall business strategy and is anticipated to continue to deliver growth rates higher than the traditional MaxiPARTS business over the short to medium term.
ABN 58 006 797 173 PO Box 768, Sunshine VIC 3020 P 03 9368 7000 W corporate.maxiparts.com.au
Kalgoorlie (WA) Site Establishment
MaxiPARTS Operations has secured a retail site (leased) in Kalgoorlie -a key regional market in Western Australia -and anticipates commencing trading in August 2025.
Following the acquisition of Independant Parts in November 2023, MaxiPARTS has seen a significant increase in the scale of its Western Australian business, store network and larger multi-site customer relationships. A store location in this market will enable us to better service these customers, as well as the broader Goldfields region.
FY25 Results announcement
MaxiPARTS anticipates releasing its FY25 Financial Results on Friday 22[nd] August 2025.
Authorised by the Board of MaxiPARTS Limited.
Contact:
Peter Loimaranta Managing Director & CEO (03) 9368 7000 [email protected]
Liz Blockley CFO and Company Secretary (03) 9368 7000 [email protected]
About MaxiPARTS Limited
MaxiPARTS Limited (ASX:MXI) is one of the largest suppliers of truck and trailer parts to the road transport industry in Australia.
About Förch Australia
Förch Australia is a distributor of workshop consumable parts, predominately in the automotive and commercial vehicle markets, and is the exclusive Australian Distributor of FÖRCH products.