The Colonial Motor Company (CMO) H2 2025 earnings summary

Executive summary

• Trading profit after tax reached $17.8m, exceeding expectations despite a challenging market.

• Total dividends for the year were 35c per share, representing 64% of after-tax trading profit, consistent with the prior year.

• Used car operations showed strong growth, offsetting weaker new vehicle and truck sales.

• New dealership initiatives and property developments were completed, including a Mitsubishi franchise and facility upgrades.

Financial highlights

• Total revenue for the year was $1,001.6m, down from $1,012.9m year-over-year.

• Profit for the year attributable to shareholders was $18.3m, up from $4.5m in the prior year.

• Total comprehensive income attributable to shareholders was $22.0m, up from $4.3m year-over-year.

• Basic and diluted EPS on profit attributable to shareholders was 56.1c, up from 13.9c year-over-year.

• Net tangible assets per share increased to $9.36 from $9.04 year-over-year.

Outlook and guidance

• Economic headwinds and geopolitical instability are expected to continue hampering growth.

• Anticipation of positive impacts from government policy changes and potential interest rate reductions.

• Cautious outlook maintained, especially for Metro North Island and truck business segments.