Supply Network distributes replacement parts for trucks and buses across Australia and New Zealand under the Multispares brand, acting as a one-stop shop for commercial transport operators needing quick, reliable component sourcing.
Revenue hit AUD 0.35B in FY2025, with gross margin at 43.96% and net margin at 11.45%, indicating a profitable distribution model where recurring parts sales drive steady income.
The company's extensive distribution network and long-standing relationships with transport operators create switching costs, but competitors like Bapcor and GUD Holdings could replicate this model, making the moat eroding.
Key events, in time order
None yet
None yet
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice
