Turners Automotive Group (TRA) H2 2025 earnings summary

Executive summary

• Achieved record FY25 results, with net profit after tax rising 17% to NZD 38.6 million and strong resilience despite a challenging macro environment.

• Diversified business model with all four divisions contributing to growth in the second half.

• Basic earnings per share increased to 43.37 cents, up 17% year-over-year.

• Full year dividend increased 14% to NZD 0.29 per share, with a final dividend of NZD 0.09.

• Employee engagement remains high, with over 50% share scheme participation supporting performance.

Financial highlights

• Revenue was $414.2M, down 1% year-over-year, with net profit before tax up 10% to $54.3M.

• EBIT rose 6% to $62.3M; cost of goods sold decreased, supporting margin improvement.

• Finance revenue and profit grew due to loan book repricing and receivables growth; net interest margin at 7.4%.

• Insurance revenue and profit increased, with claims ratios improving and digital platform launched.

• Credit management revenue and profit up, with new major corporate customer onboarded.

Outlook and guidance

• Targeting medium-term profit goal of NZD 65 million within 12 months, with potential to reach FY28 target earlier.

• Expects continued strong progress, supported by new branches, market share gains, and efficiency improvements.

• Finance book growth expected to be low double digits (10%+), with stable or improving margins.

• No formal FY26 guidance issued, but growth anticipated across all divisions, especially auto and finance.

• Insurance to see stable earned premium and new contributions from distribution and direct sales.