Turners Automotive Group (TRA) H2 2026 earnings summary

Executive summary

• Achieved record results in FY26, with strong profit growth across Auto Retail, Finance, and Insurance divisions despite challenging market and global uncertainties.

• Diversified business model and earnings base demonstrated resilience, supporting continued expansion and investment.

• FY26 dividend increased 14% to 33.0 cps, continuing a 12-year trend of dividend growth.

• Entering FY27 well-funded and positioned for the next growth phase, with a robust pipeline for future branch expansion.

• Brought forward $65m NPBT target to FY27 and set a new $100m NPBT target for FY31.

Financial highlights

• Revenue rose 9% year-over-year to $451.2m, with group profit growth and strong segment contributions.

• Normalised NPBT was $63.2m (+16%), reported NPBT $55.7m (+3%), and normalised NPAT $45.6m (+18%).

• Full year dividend increased 14% to 33.0 cps; EPS up 16% to 50.4 cps.

• Shareholders’ equity grew to $318m as of 31 March 2026.

• Auto Retail revenue up 10% to $315.3m, Finance revenue up 13% to $77.0m, Insurance revenue up 5% to $50.2m.

Outlook and guidance

• Management expects to achieve the $65m NPBT target a year early in FY27 and remains on track for the $100m NPBT target by FY31.

• FY27 will focus on groundwork for network expansion, with no new branches opening but several in development for FY28.

• Finance book growth and stable interest margins anticipated; insurance premiums and claims ratios expected to remain steady.

• Continued investment in branch expansion, digital distribution, and cost control.

• Focus on inventory positioning, credit discipline, and margin management across divisions.