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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 achieved record results in FY26 with revenues rising to $451 million, primarily due to growth in auto retail and finance segments. The auto retail division saw increased sales of owned vehicles, and the finance division benefitted from a growing loan book and strong credit quality. Insurance segment revenue also improved due to better policy sales and risk pricing. Despite a decline in credit management revenues, the company managed to increase its net profit before tax to $63.2 million and declared a total dividend of 33.0 cents per share. Turners continued its expansion by developing new sites and increasing its branch network.
Key Points
  • Turners Automotive Group Limited (TRA) reported a strong financial performance for FY26.
  • Revenue increased from $414 million to $451 million, driven by higher auto retail and finance revenues.
  • Auto retail revenues benefited from increased sales of owned vehicles and improved consumer confidence.
  • Loan book growth and strong credit quality contributed to finance segment performance.
  • Insurance revenues increased due to improved policy sales and risk pricing.
  • Credit management revenues declined due to reduced debt loads.
  • The net profit before tax (NPBT) increased from $54.3 million to $63.2 million.
  • Shareholders received a final dividend of 9.0 cents per share, with total FY26 dividends at 33.0 cents.
  • Positive operating leverage was achieved, and the finance division saw a 13% revenue increase.
  • The company expanded its branch network and developed new sites to support growth.
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.