Tourism Holdings expects $46M FY26 profit
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- Tourism Holdings raised its FY26 underlying net profit expectation to around NZ$46 million.
- The company reported a normalised net debt of NZ$453 million, remaining broadly consistent with prior expectations.
- Strategic growth is driven by strong international booking trends and solid New Zealand vehicle sales.
Tourism Holdings (ASX:THL) updated its market guidance, expecting full-year underlying profit after tax to reach around NZ$46 million.
The updated forecast compares favourably to the prior range of NZ$40 million to NZ$43 million provided in May.
Reported net debt as of June 30 came in at NZ$436 million, lower than expectations due to year-end timing differences, while normalised net debt held steady at NZ$453 million.
Looking ahead, the company stated that North America forward bookings are significantly ahead of the prior year, with US bookings up more than 50% in recent weeks.
Following the announcement, the Tourism Holdings share price was unchanged at $2.40.
The global operator generates revenue through recreational vehicle rentals, vehicle manufacturing, and retail vehicle sales across multiple international tourism markets.
The business continues to execute its fleet management strategy while preparing to release its audited full-year financial results on Aug. 25.
