The Colonial Motor Company (CMO) H1 2026 earnings summary

Executive summary

• Trading profit after tax for the six months ended 31 December 2025 was $10.4m, up 50% year-over-year, exceeding expectations set at the 2025 AGM.

• Strong new and used car sales in December contributed significantly to the half-year result.

• Interim dividend maintained at 15 cents per share, fully imputed, with payment scheduled for 30 March 2026.

Financial highlights

• Total revenue for the six months was $552.4m, up from $507.9m in the prior year period.

• Trading profit before tax rose to $15.3m from $11.3m year-over-year.

• Profit attributable to shareholders was $10.7m, up from $6.9m year-over-year.

• Basic and diluted EPS increased to 32.8 cents from 21.2 cents year-over-year.

• Net tangible assets per share rose to $9.49 from $9.07 year-over-year.

Outlook and guidance

• Maintaining first half momentum is challenging, but the goal is to retain or build on gains.

• New vehicle registrations in January 2026 were 8.9% higher than January 2025, reflecting economic recovery.

• Ongoing headwinds expected in heavy commercial truck sectors and potential disruption from new model launches and a weak NZ dollar.

• Confidence in continued economic growth could positively impact future vehicle registrations.