The Colonial Motor Company (CMO) H2 2025 earnings summary

Executive summary

• Revenue for FY2025 was $1,001.6m, a 1.1% decrease year-over-year, reflecting subdued new vehicle demand and margin pressure.

• Trading profit after tax was $17.8m, down 0.3% from FY2024, with profit attributable to shareholders at $18.3m, up from $4.5m due to last year's one-off deferred tax adjustment.

• Inventory was reduced by $7.9m, and shareholders' equity increased to $306.9m.

• Dividends totaled 35.0 cents per share, representing 64% of trading profit after tax.

Financial highlights

• Revenue: $1,001.6m (down 1.1% year-over-year).

• Trading profit after tax: $17.8m (down 0.3% year-over-year).

• Profit attributable to shareholders: $18.3m (up from $4.5m in FY2024 due to prior year non-cash deferred tax adjustment).

• Earnings per share: 56.1c (attributable), 54.5c (trading).

• Dividend per share: 35.0c; total dividends $11.4m.

• Net tangible asset backing per share: $9.16.

Outlook and guidance

• Gradual improvement in car dealership performance expected as the economy recovers, but Metro Dealers face ongoing cost of living and consumer confidence challenges.

• Heavy truck segment expected to remain tough in the near term, with new models on the horizon.

• Agricentre tractor business to benefit from rural sector recovery.

• Group remains resilient, with fundamentals and strong business relationships in place.