Key points
- Statutory NPAT increased to $39.9M from a loss of $14.1M in FY25
- Underlying NPAT up 34% to $46.1M
- Sale of services revenue up 11% to $517.5M
- Full-year dividend increased 62% to 10.5 cents per share
- Net operating cashflow increased 67% to $67 million
Full summary
Tourism Holdings Rentals Ltd announced its FY26 annual results, showcasing a marked improvement in financial performance. The company reported a statutory NPAT of $39.9 million, a significant improvement from the loss of $14.1 million in FY25. Underlying NPAT increased by 34% to $46.1 million. Sale of services revenue, primarily rentals, rose by 11% to $517.5 million, driven by fleet growth and improved RevPARV. The company also announced a full-year dividend of 10.5 cents per share, a 62% increase from FY25. Net operating cashflow surged 67% to $67 million. Despite these gains, the company noted that momentum was disrupted by the Middle East conflict, creating a gap in forward booking intake and impacting FY27 earnings expectations.
Guidance
FY27 earnings step-up expected to be impacted by Middle East conflict disruptions
Outlook
The company believes the fundamental drivers for achieving its $100 million uNPAT goal remain intact, despite the recent disruptions.