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TURNERS AUTOMOTIVE GROUP LIMITED (ASX:TRA)

ALERT: Price-sensitive ASX Announcement for TRA
Current share price for TRA : $7.030 -0.21 (-2.90%)+
Announcement
Release
21 May 2026 7:30AM
Price at Release
$7.240
Full Release
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Summary
Turners Automotive Group Limited reported a record financial result for the year ending 31 March 2026 (FY26), demonstrating strong progress towards their FY31 strategic targets. The group's normalised net profit before tax (NPBT) reached $63.2 million, up 16% from FY25, with significant contributions from its core automotive divisions: Auto Retail, Finance, and Insurance. This performance allowed Turners to bring forward its $65 million NPBT target from FY28 to FY27, setting a foundation for a new target of $100 million by FY31. Key achievements include a 9% revenue growth to $451.2 million, a 27% increase in the loan book to $566 million, and an expanded finance margin to 5.7%. The group continues to benefit from a diversified business model, managing challenges like the Iran-US conflict with disciplined operational strategies. Turners' capital management initiatives, including a $200 million securitisation warehouse, have strengthened its ability to support future growth plans.
Key Points
  • Turners Automotive Group reported a record normalised NPBT of $63.2 million, a 16% increase from FY25.
  • The group aims to achieve a $100 million NPBT target by FY31.
  • Revenue grew by 9% to $451.2 million, with strong contributions from Auto Retail, Finance, and Insurance.
  • The Finance division saw a 27% growth in the loan book to $566 million.
  • Turners' strategic focus on capital management includes a $200 million securitisation warehouse.
  • The group adapted to geopolitical challenges, maintaining robust business operations.
  • New retail branches in Christchurch contributed to local sales growth.
  • Employee engagement scores rank in the top 5% globally, with a significant portion of staff being shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.