• 17% increase in statutory net profit after tax to $29.6M
• Significant progress on strategic initiatives announced in August 2025
• 67% increase in net operating cashflows to $40.5M

Tourism Holdings Rentals Ltd (thl) reported a 17% increase in statutory net profit after tax to $29.6M in the first half of FY26. Underlying net profit after tax increased 11% to $29.5M, while total revenue grew 4% to $477.3M, driven by an 11% increase in sale of services revenue (primarily rentals) and a 4% decline in sale of goods revenue. The company made significant progress on the strategic initiatives announced in August 2025, including the conditional agreement to sell thl UK & Ireland for circa $58.3M, the exit of underperforming dealerships in Australia, and the closure of the Brisbane factory with consolidation of activity to New Zealand. thl also saw a 67% increase in net operating cashflows to $40.5M. The group's return on funds employed (ROFE) was 7.5% on a trailing 12-month basis, down from 8.1% in the prior corresponding period, but expected to strengthen in the second half. The company expects underlying net profit after tax for FY26 to be in the range of $43M to $47M, representing year-on-year growth of approximately 50% to 65%.

thl expects underlying NPAT for FY26 to be in the range of $43M and $47M. This guidance includes the impact of an approximate $1M reduction in underlying NPAT attributable to the timing of the UK divestment.

thl has made significant progress on its strategic initiatives announced in 2025, which are expected to position the company for earnings growth in FY27 and beyond. The company sees positive trajectory towards its $100M NPAT goal, with FY27 expected to be another year of positive movement in earnings.