Turners Automotive Group Delivers Record FY25 Results
Key points
- Record result caps off a decade of growth
- Resilient model and outstanding team
- Confidence in future growth
Full summary
Turners Automotive Group Ltd reported a record FY25 result, with revenue of $414.2M and net profit after tax of $38.6M, up 17% on the prior year. The company's diversified business model, with growth across its Auto Retail, Finance, Insurance and Credit Management divisions, demonstrated its resilience in a challenging economic environment. Auto Retail revenue declined 4% due to lower vehicle prices, but this was offset by gains in the other divisions. The company's strong culture, with high employee engagement and share ownership, is a key competitive advantage. Turners has delivered sustainable dividend growth, with a FY25 dividend of 29.0 cps, up 14% on the prior year. The company's balance sheet has capacity to support its growth plans, including the development of new sites in Tauranga, Invercargill, Christchurch and Napier. Turners is confident in its future growth prospects as the economy slowly recovers.
Guidance
Turners expects further growth in profits in FY26 as the economy slowly recovers.
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