New Zealand · Delayed Price · Currency is NZD Tourism Holdings Earnings Call Transcripts
Fiscal Year 2026
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Rental revenue rose 11% with strong performance in New Zealand and Australia, while North America remains challenging. Net debt is trending down, and FY NPAT is guided at NZD 43–47 million. New product launches and cost reductions support a positive outlook.
Fiscal Year 2025
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The AGM addressed a challenging year with a 45% profit decline, strategic initiatives for recovery, and a rejected takeover offer. Shareholders discussed governance, AI, and market competition, while the board outlined plans for growth and digital transformation.
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Earnings remain below expectations amid industry challenges, but a strong balance sheet, improving cash flow, and strategic focus on rentals support a positive outlook. Double-digit rental growth is expected, with cost reduction and capital discipline prioritized for FY 2026.
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Challenging market conditions impacted vehicle sales, but rentals revenue and fleet growth remained strong, especially in New Zealand and Australia. Cost-out programs and efficiency gains are expected to support H2 growth, though guidance remains cautious due to ongoing volatility.
Fiscal Year 2024
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The meeting reviewed a mixed financial year, with strong rental performance in Australasia offset by weaker results in the Northern Hemisphere and vehicle sales. Strategic focus is on cost optimization, digital integration, and maintaining dividends, while addressing macroeconomic challenges and market uncertainties.
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Underlying profit after tax reached NZD 51.8 million, with record results in New Zealand and Action Manufacturing, but challenges persisted in the UK, Ireland, and North America. FY25 is expected to see higher NPAT, driven by improved utilization, cost-out initiatives, and lower CapEx.