Turners Automotive Group (TRA) H1 2026 earnings summary

Executive summary

• Achieved record half-year results with revenue up 5% to $219.0M and net profit before tax up 13% to $30.4M, despite a challenging macro environment and slower-than-expected demand recovery.

• All major business segments grew year-over-year, with improved vehicle margins in Auto Retail and solid growth in Finance and Insurance revenues.

• Branch expansion, brand investment, and technology initiatives have positioned the group for scalable growth.

• Interim dividend declared at $0.08 per share, with a record date of 12 January 2026 and payment on 29 January 2026.

Financial highlights

• Revenue reached $219.0M (+5% YoY); NPBT $30.4M (+13% YoY); NPAT $21.9M (+13% YoY); EPS 24.2 cps (+11% YoY).

• Fully imputed interim dividend of $0.08 per share declared; projected full-year dividend at least 32.0 cps (+10% YoY).

• Gross written insurance premium up 10% in the first half.

• Finance receivables grew to $492.9M (+14% YoY); borrowings increased in line with lending growth.

• Credit management revenue down 14%, profit down 42% due to tough economic conditions.

Outlook and guidance

• On track for another record full-year NPBT of around $60M and a dividend payout of at least 32cps.

• Risk outlook has improved, with regulatory risks easing and recession risk perceived as lower.

• Trading conditions expected to improve as lower interest rates and primary sector recovery flow through.

• Branch expansion pipeline is robust, with several new sites completed or in progress.

• Guidance remains sensitive to the pace of economic recovery and a two-speed economy is expected to persist.