The Colonial Motor Company (CMO) H2 2025 earnings summary

Executive summary

• Revenue for FY2025 was $1,001.6m, a 1.1% decrease year-over-year, reflecting margin pressure and higher inventory interest costs.

• Trading profit after tax was $17.8m, nearly flat from last year, while profit attributable to shareholders rose to $18.3m due to the absence of a prior year deferred tax adjustment.

• Dividends totaled 35.0c per share, unchanged from the previous year, representing 64% of trading profit after tax.

• The Group maintained a strong balance sheet with shareholders' equity at $306.9m and a current ratio of 1.5.

Financial highlights

• Revenue: $1,001.6m (down 1.1% year-over-year).

• Trading profit after tax: $17.8m (down 0.3% year-over-year).

• Profit attributable to shareholders: $18.3m (up from $4.5m last year, which included a $12.7m non-cash deferred tax adjustment).

• Earnings per share: 56.1c (statutory), 54.5c (trading).

• Dividend per share: 35.0c; total dividends paid: $11.4m.

• Net tangible asset backing per share: $9.16.

Outlook and guidance

• Gradual improvement in car dealership performance is anticipated as the economy recovers, but cost of living and consumer confidence remain concerns.

• Heavy truck segment expected to face a tough year, with recovery tied to new model launches and market rebound.

• Agricentre tractor business to benefit from rural sector recovery.

• Used car operations remain a strategic focus and area of opportunity.