Tourism Holdings delivers NZ$39.9M profit for FY26
- Tourism Holdings reported a statutory net profit after tax of $39.9 million for FY26, reversing a NZ$14.1 million net loss in FY25.
- The company's underlying net profit from continuing operations grew 34% to NZ$46.1 million, while full-year dividends rose 62% to 10.5 cents per share.
- Growth was driven by fleet expansion and operational efficiency, alongside strategic divestments like the sale of its UK and Ireland division for NZ$57 million.
Tourism Holdings (ASX:THL) generated a statutory net profit after tax of $39.9 million for the year ended June 30, up from an NZ$14.1 million net loss in the prior year.
The results reflect a recovery across continuing operations following the divestment of its UK and Ireland business on March 31.
“Meaningful progress was made on the four strategic initiatives announced in August 2025, the balance sheet is stronger and underlying NPAT from continuing operations grew 34%,” said Tourism Holdings Chair Cathy Quinn.
Sale of services revenue increased 11% to NZ$517.5 million, supported by a 10% increase in the closing rental fleet to 8,587 vehicles.
The company noted that Middle East conflict disruptions and weak recreational vehicle sales markets impacted forward booking intake, expecting these headwinds to affect full earnings potential in FY27.
Following the announcement, the Tourism Holdings share price was up at $2.41.
The business maintains strategic focus on cost initiatives, rental fleet growth, and manufacturing efficiency improvements across its key international markets.
Management reaffirmed its long-term target of achieving NZ$100 million in underlying net profit after tax despite current market volatility.
