• Record result with resilient used car market
• Staying on the front foot with expansion plans
• Increased funding headroom at lower rates

Turners Automotive Group announced its FY26 results, showcasing a record performance despite a challenging consumer environment. The company reported a 9% increase in revenue to $451.2M, with normalized EBIT rising 14% to $70.6M. The net profit after tax increased by 18% to $45.6M. The company's FY26 dividend of 33.0 cents per share, fully imputed, reflects a 14% increase from FY25. Turners Automotive Group's diversified model contributed to its strong performance, with growth in its auto retail, finance, and insurance divisions. The company also benefited from improved funding capacity and reduced capital requirements, positioning it well for future growth.

Revenue: $451.2M, normalized EBIT: $70.6M, normalized net profit before tax: $63.2M

Turners Automotive Group expects to continue delivering strong performance, supported by its diversified business model and improved funding capacity. The company is well-positioned to capitalize on growth opportunities in the auto retail, finance, and insurance sectors. However, the continuation of the Iran war could potentially affect the auto retail business. Turners Automotive Group is committed to expanding its network and growing its market share, with a strong pipeline of new branch locations planned for the coming years.