Turners Automotive Group Posts Lower Fiscal Year 2026 Earnings, Higher Revenue

MT Newswires Live

May 21

Turners Automotive Group (ASX:TRA, NZE:TRA) reported Thursday fiscal year 2026 earnings of NZ$0.4215 per share, down from NZ$0.4332 a year earlier.

Analysts polled by FactSet expected earnings of NZ$0.48 per share.

Total revenue for the 12 months ended March 31 was NZ$451.2 million, compared with NZ$414.2 million a year earlier. Analysts' consensus, as polled by FactSet, was NZ$425.3 million in revenue.

The company expects continued strong progress toward its fiscal year 2028 target of NZ$65 million in net profit before tax, potentially a year earlier than planned.

The board declared a final dividend of NZ$0.09 per share, unchanged from the prior corresponding period, payable July 29 to shareholders on record as of July 14.

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