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Turners Automotive Group Ltd ( (NZ:TRA) ) has provided an update.
Turners Automotive Group has reported a record result for the year to 31 March 2026, with normalised net profit before tax rising 16% to $63.2 million as all three core divisions delivered profit growth and a record fourth quarter. The performance brings forward its $65 million profit target to FY27, underpins a new $100 million goal for FY31, and supports continued investment in branch development, finance receivables growth, and the shift of capital from non-core credit management into core automotive operations.
Revenue increased 9% to $451.2 million, normalised earnings per share climbed 16%, and the board lifted the full-year dividend 14% to 33 cents, extending a 12-year run of payout growth. A $200 million securitisation facility and refreshed bank lines have strengthened funding capacity, while management is leveraging prior downturn playbooks to navigate softer demand linked to geopolitical tensions, aiming to use its diversified finance and insurance streams to maintain momentum toward its medium-term profit targets.
More about Turners Automotive Group Ltd
Turners Automotive Group is an integrated financial services group focused on New Zealand’s automotive sector, combining auto retail, vehicle finance, and insurance operations. The company also runs servicing and repairs and a managed-for-cash credit management arm, with a strategy centred on network expansion, capital-efficient growth, and a 15% return on equity target.
Average Trading Volume: 54,400
Technical Sentiment Signal: Buy
Current Market Cap: N$789.6M
For detailed information about TRA stock, go to TipRanks’ Stock Analysis page.