Turners Automotive Group (TRA) AGM 2025 summary

Opening remarks and agenda

• Chairman and CEO opened the meeting, confirmed quorum, introduced directors, and outlined the agenda including presentations, business direction, and voting on three resolutions.

Financial performance review

• Achieved a fifth consecutive record result, capping a decade of growth and resilience despite challenging macroeconomic and consumer conditions.

• FY25 revenue was $414.2M (-1%), net profit before tax $54.3M (+10%), EBIT $62.3M (+6%), and net profit after tax $38.6M (+17%).

• Dividend per share increased to 29.0cps (+14%), with record dividends and share price uplift.

• Three out of four business divisions materially outperformed the previous year; all four showed growth in 2H24, with diversified earnings offsetting lower auto retail revenue.

• Compound annual growth rate of 14% over 11 years, with shareholders' equity at $298M as of 31 March 2025.

Board and executive committee updates

• Emphasis on continuity and succession planning, with CEO Todd Hunter joining the board and directors highlighted for diverse skills.

• Board includes a mix of non-executive, independent, and executive directors, with significant share ownership among directors and employees.