The Turners Automotive Group Ltd (ASX: TRA) share price is in focus today after releasing its FY26 results, with revenue climbing 9% to $451.2 million and a record full-year dividend of 33.0 cents per share, up 14%.
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What did Turners Automotive Group report?
- Revenue rose 9% to $451.2 million in FY26.
- Normalised EBIT increased 14% to $70.6 million.
- Normalised NPAT jumped 18% to $45.6 million (excluding one-off intangible impairments).
- Reported NPAT was $38.2 million, down 1%, reflecting a $7.5 million impairment in the credit management division.
- Final dividend declared at 9.0 cents per share, bringing the full year total to 33.0 cents, up 14% and fully imputed.
- Shareholders' equity stood at $318 million as at 31 March 2026.
What else do investors need to know?
Turners delivered another record profit in a tough consumer environment, lifted by strong gains in its auto retail, finance, and insurance divisions. The group's funding position improved, with a $200 million securitisation facility and expanded banking lines providing additional firepower for growth and branch expansion.
Ongoing economic headwinds, including higher fuel prices and the Middle East conflict, slowed the New Zealand automotive market late in FY26. However, the company's diversified portfolio and disciplined management of stock, margins, and credit quality helped offset these pressures.
What's next for Turners Automotive Group?
Turners is targeting $65 million normalised NPBT in FY27 and remains committed to its longer-term ambition of $100 million by FY31. The company plans further expansion of its auto retail network, underpinned by a strong balance sheet and stable funding.
While short-term challenges persist, management remains confident in its strategy and expects diversified earnings streams—from finance, insurance, and auto services—to provide resilience as the market recovers.
Turners Automotive Group share price snapshot
Over the past 12 months, Turners Automotive Group shares have risen 20%, outperforming the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
