FY26 Annual Results - NZX/ASX/Media Release

Key points

• 34% increase in underlying NPAT from continuing operations to $46.1 million
• 11% increase in rental revenue to $517.5 million
• Full-year dividend increased by 62% to 10.5 cents per share

Full summary

Tourism Holdings Limited (NZX:THL, ASX:THL) reported its FY26 results, showing a 34% increase in underlying net profit after tax (NPAT) from continuing operations to $46.1 million. Rental revenue grew by 11% to $517.5 million, while total revenue decreased by 5% to $852.9 million. The company experienced meaningful progress on strategic initiatives, including the divestment of UK & Ireland operations and the closure of a Brisbane factory. A full-year dividend of 10.5 cents per share was declared, up 62% from the previous year. The company is currently considering two non-binding takeover proposals, with due diligence ongoing. Despite disruptions from the Middle East conflict, THL remains optimistic about its long-term growth prospects.

Outlook

THL remains confident in achieving its $100 million underlying NPAT goal, driven by rental fleet growth, revenue growth, and expected cyclical recovery in RV sales markets.