Credit Management impairment of $7.5m masks core-segment growth at TRA
Reported NPAT slipped to $38.2m even as Auto Retail, Finance and Insurance segments all delivered higher profit results.
Published 22 May 2026
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Showing 1-8 of 8 published briefings.
Reported NPAT slipped to $38.2m even as Auto Retail, Finance and Insurance segments all delivered higher profit results.
Published 22 May 2026
Read briefingReported earnings looked steady, yet cash generation fell sharply and free cash flow no longer covers the declared dividend.
Published 14 May 2026
Read briefingEarnings held up versus a -2.5% top line that sits well below the 14.9% historical growth mean, with Auto Retail's segment result down 18%.
Published 29 April 2026
Read briefingRevenue grew 15.6% but PBT margin slipped to 12.0%, below the 12.7–14.1% historical range, as segment economics rotated sharply.
Published 28 April 2026
Read briefingRevenue rose to $185.0m but PBT barely advanced from $23.2m, with operating working capital absorbing $5.8m versus a $0.3m historical norm.
Published 23 April 2026
Read briefingEarnings growth was funded by a $73.2m rise in gross borrowings to $412.8m as finance-book expansion absorbed operating cash.
Published 23 April 2026
Read briefingReported earnings reached historical highs while pre-lease free cash flow ran NZ$31.2m negative, funded by NZ$59.9m of additional borrowings.
Published 22 April 2026
Read briefingMargin expansion across three of four segments lifted earnings, but borrowings rose 94.3% and cash fell 63.8% as inventory more than doubled.
Published 22 April 2026
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