Turners Automotive Group (TRA) H1 2026 earnings summary

Executive summary

• Achieved record first-half results with revenue up 5% to $219.0M and NPBT up 13% to $30.4M, despite subdued consumer conditions and slower-than-expected demand recovery.

• All major business segments grew year-over-year, with improved vehicle margins, strong Finance and Insurance growth, and robust operational efficiency.

• Branch expansion, brand investment, and disciplined capital allocation positioned the group for scalable, sustainable growth.

• Diversified business model and internal funding supported momentum and shareholder returns.

Financial highlights

• Revenue rose 5% year-over-year to $219.0M; EBIT up 10% to $34.1M; NPBT up 13% to $30.4M; NPAT up 13% to $21.9M.

• Earnings per share increased 11% to 24.2 cps; interim dividend declared at 8.0 cps, fully imputed.

• Projected full-year dividend at least 32 cps, up over 10% year-over-year.

• Finance receivables grew to $492.9M (+14% YoY); borrowings increased in line with lending growth.

• Gross written insurance premium up 10% in the first half; credit management revenue down 14%, profit down 42%.

Outlook and guidance

• On track for record FY26 NPBT of around $60M and a full-year dividend of at least 32 cps.

• Two-speed economy and persistent economic uncertainty expected to continue, but diversified model provides stability.

• Trading conditions expected to improve as interest rates fall and sector recovers; guidance remains sensitive to economic recovery pace.

• Branch expansion pipeline robust, with several new sites completed or in progress.

• Auto Retail, Finance, and Insurance expected to drive further growth; Credit Management contribution remains weak.