Colonial Motor Co. sees profit rebound despite slight revenue dip

The Colonial Motor Company Limited reported revenue of NZD1,001.6 million for the year ended June 30, 2025, a 1.1% decrease from NZD1,012.9 million in the previous year. Trading profit after tax remained stable at NZD17.8 million, a marginal 0.3% decrease from NZD17.9 million in 2024. Profit attributable to shareholders saw a substantial increase, reaching NZD18.3 million, up from NZD4.5 million in 2024.

Earnings per share from trading profit after tax were 54.5 cents, a slight decrease from 54.7 cents, while profit attributable to shareholders per share significantly improved to 56.1 cents from 13.9 cents. The company declared a total dividend of 35.0 cents per share for 2025, consistent with 2024, representing NZD11.443 million in total dividends. Net tangible asset backing per share increased to NZD9.36 from NZD8.84.

Total assets at year-end were NZD586.5 million (2024: NZD598.5 million), with shareholders' equity growing to NZD306.9 million (2024: NZD296.4 million). The board resolved to increase annual remuneration payable to directors from NZD330,000 to NZD515,000, effective July 1, 2025.