• Delivered another record profit and dividend for FY25
• Resilience demonstrated through diversified business model
• On track to reach FY28 targets earlier than expected

Turners Automotive Group (NZX/ASX: TRA) has further strengthened its track record of resilience through the cycle by delivering another record profit and dividend for the financial year to March 31, 2025 (FY25). The result caps off a decade of sustainable growth, with Turners growing dividends almost threefold, from 10 cps in FY15 to 29 cps in FY25. The resilience of this result demonstrates a diversified platform to navigate extremely challenging economic conditions. With strong momentum in place, the business now moves into its next stage of growth and is on track to reach its FY28 targets earlier than expected. Key highlights include revenue of $414.2 million (-1%), EBIT of $62.3 million (+6%), NPBT of $54.3 million (+10%), and NPAT of $38.6 million (+17%). Earnings per share was 43.3 cps, up 17%. The company declared a final dividend of 9.0 cps, bringing the full year dividend to 29 cps, up 14% on the previous year. The performance across Turners' diversified business model, including Auto Retail, Finance, Insurance, and Credit Management, enabled the company to navigate the challenging economic environment and deliver a robust result.

Turners anticipates continued strong progress towards its medium-term goal of $65 million NPBT in the next twelve months, benefiting from a recovering New Zealand economy, reducing interest rates, new branch openings, market share gains, and efficiency gains in its annuity businesses.

With the economic cycle returning to a more positive mode, and with its competitive advantages, Turners is well positioned with a dedicated team, leading brand, robust balance sheet, and growing physical and digital retail channels to continue generating shareholder value well into the future.