New Zealand · Delayed Price · Currency is NZD Turners Automotive Group Earnings Call Transcripts
Fiscal Year 2026
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Record profit and revenue growth achieved despite challenging conditions, driven by strong performance in Auto Retail, Finance, and Insurance. Outlook remains positive with upgraded profit targets and continued investment in expansion, though short-term demand softness and macro risks persist.
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Record half-year results with 13% profit growth, strong performance in auto, finance, and insurance, and improved capital effectiveness. Credit management remains challenged, but outlook is positive as regulatory and economic risks ease.
Fiscal Year 2025
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The meeting highlighted a fifth consecutive record result, strong growth across most divisions, and robust shareholder returns. Strategic expansion, disciplined risk management, and a focus on culture and long-term value were emphasized, with continued confidence in meeting future targets.
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Net profit after tax rose 17% to NZD 38.6 million, with a 14% dividend increase, despite a challenging first half. Auto retail margins and volumes improved in the second half, and finance and insurance segments delivered strong growth. Outlook remains positive, targeting NZD 65 million profit within 12 months.
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Record half-year profit achieved despite revenue dip, with finance and insurance segments offsetting weaker auto retail. Guidance reaffirmed to exceed NZD 50 million pre-tax profit, and dividend yield remains strong. Market share and premium finance growth continue.
Fiscal Year 2024
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Record profits and dividends were achieved despite economic headwinds, with strong growth in three of four business units. Strategic investments in adjacent markets and ongoing branch expansion support ambitious profit targets, while board and management emphasized governance, resilience, and shareholder alignment.