• Resilient used car market and diversified business model
• Improving capital effectiveness and allocation to highest-return initiatives
• Projected FY fully imputed dividend of at least 32.0 cps

Turners Automotive Group delivered another record result in 1H26, with NPBT up 13% to $30.4M. The company's diversified business model and resilient used car market drove growth across its Auto Retail, Finance, and Insurance divisions. Auto Retail profit lifted on improved owned-stock margins and a stronger commercial business, while Finance profit increased as market-share gains drove loan-book growth and improving NIM. The Insurance result reflects good growth in premium base from market share gains and digital direct growth. Improving capital effectiveness is a priority, with capital allocation focusing on the highest-returning initiatives such as Auto Retail growth and Finance book growth. Turners has a proven track record of delivering consistent and growing dividends, with a projected FY fully imputed dividend of at least 32.0 cps. The company continues to expand its footprint, with a committed development pipeline to support ongoing growth.

Turners is on track to achieve another record full year result of around $60M in NPBT, with an expected dividend payout of at least 32cps.

While Turners is still waiting for a broad-based recovery in FY26, the company is well-positioned to deliver another record result, driven by its diversified business model and resilient used car market.