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Tourism Holdings Rentals (THL) investor relations material
Tourism Holdings Rentals Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.FY26 earnings performance
Underlying net profit after tax (uNPAT) for FY26 is expected to be around $46 million, exceeding the previous guidance of $40–$43 million.
Improved results were driven by favorable year-end interest outcomes, strong late booking trends across all markets, and robust vehicle sales in New Zealand.
Net debt position
Net debt as of 30 June 2026 was $436 million, lower than the previously expected range of $460–$470 million due to timing differences.
Normalized net debt, based on average balances from mid-June to mid-July, was $453 million, aligning with expectations.
Current trading and outlook
Forward booking trends remain positive, with North America bookings significantly ahead of the prior year and USA bookings over 50% higher in recent weeks.
Australia and New Zealand forward bookings have returned to growth after disruptions from Middle East geopolitical events.
Increased confidence in the outlook for the FY27 Southern Hemisphere summer season, with improved growth opportunities in Australia and New Zealand.
- Underlying NPAT down 33% as rental growth offsets RV sales slump; cost actions support recovery.THL
H1 20258 Jul 2026 - Underlying NPAT was NZD 51.8m, with record NZ EBIT; FY25 NPAT growth expected despite headwinds.THL
H2 202415 Jun 2026 - Statutory net loss of -$25.8M, 10% rental revenue growth, and 6.5c dividend declared.THL
H2 202515 Jun 2026 - NPAT up 17% to $29.6M, FY26 NPAT guided $43–$47M, strong rentals, U.S. lags.THL
H1 202615 Jun 2026 - Strong H1 FY26 growth, strategic divestments, and robust FY26 outlook drive performance.THL
Investor presentation17 Mar 2026 - Cost initiatives and digital upgrades support growth amid mixed results and market headwinds.THL
AGM 202419 Jan 2026 - Targeting $100M NPAT in 3–4 years, driven by rental growth and strategic cost initiatives.THL
Investor Presentation2 Dec 2025 - Profit fell 45% amid global headwinds; growth plans and resolutions advanced.THL
AGM 202524 Oct 2025
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