The Colonial Motor Company (CMO) H1 2026 earnings summary

Executive summary

• Trading profit after tax reached $10.4m for the half year, a 50% increase year-over-year, driven by strong new and used car sales in December.

• Interim dividend maintained at 15 cents per share, fully imputed, with payment scheduled for March 30, 2026.

• The new light vehicle market showed gradual recovery, while heavy commercial truck sectors remained subdued.

• Tractor business saw solid recovery due to improved agricultural sector conditions and positive dairy outlook.

Financial highlights

• Revenue for the six months ended 31 December 2025 was $552.4m, up from $507.9m in the prior year period.

• Trading profit before tax was $15.3m, compared to $11.3m year-over-year.

• Profit attributable to shareholders was $10.7m, up from $6.9m year-over-year.

• Basic and diluted EPS rose to 32.8 cents from 21.2 cents year-over-year.

• Net tangible assets per share increased to 9.49 from 9.07 year-over-year.

Outlook and guidance

• Maintaining first half momentum may be challenging, but the aim is to build on recent gains.

• New vehicle registrations in January 2026 were 8.9% higher than January 2025, indicating positive market sentiment.

• Ongoing headwinds expected in heavy commercial truck sectors and potential disruption from new model changes and a weak NZ dollar.