Turners hits record profit, accelerates strategic targets

Turners Automotive Group (ASX:TRA) has delivered a record financial result for the year ended March 31, accelerating its trajectory towards its FY31 strategic targets.

The group reported a normalised net profit before tax of NZ$63.2 million, representing a 16% increase compared to FY25, driven by profit growth across all three core automotive divisions: auto retail, finance, and insurance.

The performance has allowed Turners to bring forward its NZ$65 million NPBT target from FY28 into FY27.

This marks the third consecutive multi-year target the group has achieved or exceeded ahead of schedule, laying a strong foundation for its newly established NZ$100 million FY31 NPBT goal.

Key financial highlights show group revenue rising 9% to NZ$451.2 million, while normalised EBIT climbed 14% to NZ$70.6 million.

Underpinned by strong operational execution, normalised earnings per share grew 16% to 50.4 cents per share.

Directors declared a final dividend of 9 cents per share, bringing the full-year dividend distribution to 33 cents per share, a 14% increase on the prior year.

Operational milestones included a 27% expansion in the finance loan book to NZ$556 million, alongside margin expansions within auto retail despite a challenging first-half macroeconomic environment.

Turners also reinforced its organisational health, ranking in the top 5% globally for employee engagement, with 67% of staff members currently holding shares in the company.