Preliminary result and dividend

Results announcement


CMO

Results for announcement to the market
Name of issuer The Colonial Motor Company Limited
Reporting Period 12 months to 30 June 2025
Previous Reporting Period 12 months to 30 June 2024
Amount (000s) Percentage change
Revenue from ordinary
activities
$1,001,621 (0.1)%
Profit from ordinary activities
after tax attributable to
security holder
$17,831 0.0%
Net profit attributable to
security holders
$18,343 300.4%
Final Dividend
Amount per Quoted Equity
Security
NZD $0.200000
Imputed amount per Quoted
Equity Security
NZD $0.077778
Record Date 26 September 2025
Dividend Payment Date 06 October 2025
Net tangible assets per
Quoted Equity Security
2025 2024
$ 9.36 $ 9.04
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
A commentary to assist in the interpretation of the figures in this
announcement is provided in the attached unaudited Preliminary
Result report.
Authority for this announcement
Name of person

authorised
to make this announcement
Jack Tuohy, Company Secretary
Contact phone number 04 384 9734 / 027 4450 972
Contact email address jack.tuohy@colmotor.co.nz
Date of release through MAP

21 August 2025

Unaudited financial statements accompany this announcement.

---

Distribution Notice


CMO
Page 1 of 1


Section 1: issuer information
Name of issuer The Colonial Motor Company Limited
Financial product name/description Ordinary shares
NZX ticker code CMO
ISIN (If unknown, check on NZX website) NZ CMOE0001S7
Type of distribution
(Please mark with an X in the relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies
Record date Close of trading on: 26 September 2025
Ex-Date 25 September 2025
Payment date 06 October 2025
Total monies associated with the distribution $6,538,926.40
Source of distribution Retained earnings
Currency NZ dollars
Section 2: distribution amounts
Gross distribution $0.27777778
Gross taxable amount $0.27777778
Total cash distribution $0.20000000
Excluded amount (applicable to listed PIEs) $0.00000000
Supplementary distribution amount $0.03529412
Section 3:
Is the distribution imputed Fully imputed
Imputation rate applied 28.0%
Imputation tax credits per financial product $0.07777778
Resident withhold tax amount per financial product $0.01388889
Section 4: distribution re-investment plan – not applicable
Section 5: authority for this announcement
Name of person authorised to make this
announcement Jack Tuohy, Company Secretary
Contact person for this announcement Ashley Waugh, Chair
Contact phone number 04 384 9734 / 027 610 7977
Contact email address cmc@colmotor.co.nz
Date of release via MAP 21 August 2025

---

23 August 2018

20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz










For the year ended
30 June 2024

20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz












Dear Shareholder
• Trading Profit after Tax at $17.9m reflects a deteriorating
market
• Total Dividends for the year 35 cps, 64% of the after-tax
Trading Profit
• Deferred tax adjustment of $12.7m does not affect Trading
Profit or final dividend
Trading conditions
Over the past two years we have reported a deteriorating market
resulting in an increasingly challenging trading environment. That
deterioration is evident in this year’s result. It was still a year of
two halves. The first half produced a respectable result in a
weakening market, albeit with high inventory carrying costs. The
second half bore the full brunt of recession with softer light vehicle
demand, continuing high interest rates and an oversupplied market
across the industry. New and used vehicle margins have been
squeezed, reducing dealer profitability. The dealer response has
been to review cost structures while remaining focused on
delivering positive bottom-line results. For context, the June
calendar year-to-date new vehicle market was 26.2% down on the
prior year.
Our heavy truck business has continued to perform well as
customers replaced their existing vehicles with long awaited new
units. Meeting that demand came with adverse imposts on
efficiency, productivity and inventory carrying costs. We have seen
no such replacement policy in our tractor operations which are
heavily impacted by the negative sentiment in the agricultural
sector.
We remain confident that the ongoing investment in the JAC
Motors brand will bear fruit in future years. The team continues to
work through vehicle compliance, on-road testing and the set up
of a sales and service network, all of which incur the normal
challenges associated with establishing a new brand.
Property developments
The Company has trimmed facility investments in response to
rising building costs and the downturn in the vehicle market. We
have progressed the Fagan Motors dealership rebuild, an
extension to Dunedin City’s parts warehouse and refreshed
facilities in South Auckland and Christchurch to represent the JAC
brand. In addition, the consenting process is well underway for a
new Southpac truck facility on the land purchased in Palmerston
North.

As reported in a recent release to the Stock Exchange, a one off
non-cash deferred tax adjustment of $12.7million was made at 30
June 2024. This was in response to the Government’s decision to
remove the depreciation allowance on commercial buildings with
an estimated life of 50 years or more. The impact will see a minor
increase in the tax payable over a period of decades. While the
adjustment reduced the Profit for the Year, it had no effect on the
determination of the final dividend. It also did not affect the 2024
financial year’s cash flows, income tax liability, operating activities
or value of the Company’s property portfolio.


Dividend
Despite challenging trading conditions, the Company remains in a
profitable position and the Directors have declared a fully imputed
dividend of 20 cps. The dividend will be paid on Monday, 7 October
2024, with a record date of Friday, 27 September. This will take the
total dividend for the year to 35 cps, 64% of the Trading Profit after Tax.

The 2024 Annual Report will be published in late September including
the notice for the 10
6
Friday, November 8 at The Harbourside Function Venue, 4 Taranaki
Street, Wellington.
Outlook
During this new financial year, the state of the New Zealand economy
will dominate the direction of retail markets. Demand for light vehicles
is likely to remain subdued for as long as interest rates remain relatively
high. Oversupply will continue to be a challenge the industry has to
manage, hand in hand with a growing number of new brand entrants
competing for a declining market. These market forces will impact
margins across our businesses, particularly in the new light vehicle
fleet. Despite this, Ranger and Everest are expected to maintain their
momentum, providing a degree of support to our Ford dealerships,
although they too are not immune to market conditions.
One positive development has been the Government’s decision to align
New Zealand and Australian emissions standards. This will unify New
Zealand’s pattern of vehicle supply and demand across the Trans-
Tasman region; so a rational change that has been welcomed by the
industry.
A J Waugh
CHAIR 20 August 2024
STATEMENT OF CASH FLOWS
For the year ended 30 June 2024

2024 2023
$’000 $’000
Net Cash Flows from:
Operating Activities (40,981) (10,225)
Investing Activities (16,118) (24,927)
Financing Activities 58,718 33,162
Net movement in Cash Held 1,619 (1,990)
Opening Cash Balance 9,854 11,844
Closing Cash Balance 11,473 9,854


Cash Flow Reconciliation

Profit for the Year 6,355 29,965
Adjustment for Non Cash Items 23,266 10,563
Movement in Working Capital (70,602) (50,753)
Net Cash Flow from Operating
Activities
(40,981) (10,225)




Level 6, 57 Courtenay Place,
Wellington 6141

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz




















Unaudited
PRELIMINARY
RESULT


For the year ended
30 June 2024















Dear Shareholder
• Trading Profit after Tax at $17.9m reflects a deteriorating
market
• Total Dividends for the year 35 cps, 64% of the after-tax
Trading Profit
• Deferred tax adjustment of $12.7m does not affect Trading
Profit or final dividend
Trading conditions
Over the past two years we have reported a deteriorating market
resulting in an increasingly challenging trading environment. That
deterioration is evident in this year’s result. It was still a year of
two halves. The first half produced a respectable result in a
weakening market, albeit with high inventory carrying costs. The
second half bore the full brunt of recession with softer light vehicle
demand, continuing high interest rates and an oversupplied market
across the industry. New and used vehicle margins have been
squeezed, reducing dealer profitability. The dealer response has
been to review cost structures while remaining focused on
delivering positive bottom-line results. For context, the June
calendar year-to-date new vehicle market was 26.2% down on the
prior year.
Our heavy truck business has continued to perform well as
customers replaced their existing vehicles with long awaited new
units. Meeting that demand came with adverse imposts on
efficiency, productivity and inventory carrying costs. We have seen
no such replacement policy in our tractor operations which are
heavily impacted by the negative sentiment in the agricultural
sector.
We remain confident that the ongoing investment in the JAC
Motors brand will bear fruit in future years. The team continues to
work through vehicle compliance, on-road testing and the set up
of a sales and service network, all of which incur the normal
challenges associated with establishing a new brand.
Property developments
The Company has trimmed facility investments in response to
rising building costs and the down turn in the vehicle market. We
have progressed the Fagan Motors dealership rebuild, an
facilities in South Auckland and Christchurch to represent the JAC
brand. In addition, the consenting process is well underway for a
new Southpac truck facility on the land purchased in Palmerston
North.
Deferred tax movement
As reported in a recent release to the Stock Exchange, a one off
non-
June 2024. This was in response to the Government’s decision to
remove the depreciation allowance on commercial buildings with
an estimated life of 50 years or more. The impact will see a minor
increase in the tax payable over a period of decades. While the
adjustment reduced the Profit for the Year, it had no effect on the
determination of the final dividend. It also did not affect the 2024
financial year’s cash flows, income tax liability, operating activities
or value of the Company’s property portfolio.


Dividend
Despite challenging trading conditions, the Company remains in a
profitable position and the Directors have declared a fully imputed
dividend of 20 cps. The dividend will be paid on Monday, 7 October
2024, with a record date of Friday, 27 September. This will take the
total dividend for the year to 35 cps, 64% of the Trading Profit after Tax.
Annual Report
The 2024 Annual Report will be published in late September and will
include notice of the 106th Annual General Meeting to be held at
midday on Friday, November 8 at The Harbourside Function Venue,
4
T
a
r
a
n
a
k
i
Street, Wellington.
Outlook
During this new financial year, the state of the New Zealand economy
will dominate the direction of retail markets. Demand for light vehicles
is likely to remain subdued for as long as interest rates remain relatively
high. Oversupply will continue to be a challenge the industry has to
manage, hand in hand with a growing number of new brand entrants
competing for a declining market. These market forces will impact
margins across our businesses, particularly in the new light vehicle
fleet. Despite this, Ranger and Everest are expected to maintain their
momentum, providing a degree of support to our Ford dealerships,
although they too are not immune to market conditions.
One positive development has been the Government’s decision to align
New Zealand and Australian emissions standards. This will unify New
Zealand’s pattern of vehicle supply and demand across the Trans-
Tasman region; so a rational change that has been welcomed by the
industry.
A J Waugh
CHAIR 20 August 2024
STATEMENT OF CASH FLOWS
For the year ended 30 June 2024

2024 2023
$’000 $’000
Net Cash Flows from:
Operating Activities (40,981) (10,225)
Investing Activities (16,118) (24,927)
Financing Activities 58,718 33,162
Net movement in Cash Held 1,619 (1,990)
Opening Cash Balance 9,854 11,844
Closing Cash Balance 11,473 9,854


Cash Flow Reconciliation

Profit for the Year 6,355 29,965
Adjustment for Non Cash Items 23,266 10,563
Movement in Working Capital (70,602) (50,753)
Net Cash Flow from Operating
Activities
(40,981) (10,225)




Level 6, 57 Courtenay Place,
Wellington 6141

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz




















Unaudited
PRELIMINARY
RESULT


For the year ended
30 June 2024













Deferred tax adjustment


For the year ended
30 June 2025

STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2025
2025 2024
$’000 $’000
Revenue
Products 909,909 923,111
Services 89,128 87,800
Other Income 2,584 2,009
Total Revenue 1,001,621 1,012,920
Less Expenses
Cost of Products Sold 808,169 821,895
Remuneration of Staff 97,848 95,054
Depreciation & Amortisation 9,057 10,021
Interest 14,153 15,492
Other 44,631 42,784
Trading Profit before Tax 27,763 27,674
Less Taxation
Current 8,548 7,952
Deferred 209 18
19,006
19,704
Less Non Controlling Interest 1,175 1,820
Trading Profit after Tax 17,831 17,884
Property – Fair Value Movement
(47)(735)
Deferred Tax Movement 559 (12,731)
Investment – Fair Value Movement -117
Profit after Tax 18,343 4,535
Profit for the year attributable to:
Shareholders 18,343 4,535
Non Controlling Interest 1,175 1,820
PROFIT FOR THE YEAR 19,518 6,355
STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2025
2025 2024
$’000 $’000
Profit for the year
19,518 6,355
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value
4,269 2,390
Deferred tax movement
(1,119) (634)
Items that may be classified subsequently
to profit or loss:
Foreign exchange hedging reserve
Change in fair value
797 (3,243)
Deferred tax movement
(223)908
Total comprehensive income
23,242 5,776
Attributable to:
Shareholders
21,981 4,307
Non Controlling Interest
1,261 1,469
23,242 5,776
2025 2024
Basic & Diluted Earnings per Share on
-Profit attributable to shareholders56.1c 13.9c
-Trading Profit after Tax54.5c 54.7c
Dividend per Share35.0c 35.0c
Net Tangible Assets per Share$9.36 $9.04
STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2025
2025 2024
$’000 $’000
Equity at beginning of year 301,561 315,922
Total comprehensive income 23,242 5,776
Dividends paid to Shareholders (11,443) (18,637)
Dividend paid to Non Controlling Interest (900)(1,500)
Equity at end of year 312,460 301,561
STATEMENT OF FINANCIAL POSITION
As at 30 June 2025
2025 2024
$’000 $’000
Current Liabilities
Borrowings 26,546 62,665
At Call Deposits 28,074 29,325
Vehicle Floorplan Finance 92,451 100,032
Credit Contracts 166 438
Other Current Liabilities 52,484 59,719
Total Current Liabilities 199,721 252,179
Non Current Liabilities
Lease Liabilities 24,177 19,777
Bank Borrowings 44,180 20,000
Other Non Current Liabilities
5,978 5,022
Total Non Current Liabilities 74,335 44,799
Shareholders’ Equity 306,981 296,443
Non Controlling Interest 5,479 5,118
Total Equity 312,460 301,561
Total Equity and Liabilities 586,516 598,539
Assets
Inventory 242,162 250,129
Cash & Bank 11,996 11,473
Credit Contracts 154 431
Other Current Assets 46,397 57,031
Total Current Assets 300,709 319,064
Non Current Assets
Property, Plant & Equipment 283,850 277,492
Credit Contracts 437 463
Other Non Current Assets 1,520 1,520
Total Non Current Assets 285,807 279,475
Total Assets 586,516 598,539
These summary consolidated Financial Statements have
not been audited.

STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2025
2025 2024
$’000 $’000
Revenue
Products 909,909 923,111
Services 89,128 87,800
Other Income 2,584 2,009
Total Revenue 1,001,621 1,012,920
Less Expenses
Cost of Products Sold 808,169 821,895
Remuneration of Staff 97,848 95,054
Depreciation & Amortisation 9,057 10,021
Interest 14,153 15,492
Other 44,631 42,784
Trading Profit before Tax 27,763 27,674
Less Taxation
Current 8,548 7,952
Deferred 209 18
19,006
19,704
Less Non Controlling Interest 1,175 1,820
Trading Profit after Tax 17,831 17,884
Property – Fair Value Movement
(47)(735)
Deferred Tax Movement 559 (12,731)
Investment – Fair Value Movement -117
Profit after Tax 18,343 4,535
Profit for the year attributable to:
Shareholders 18,343 4,535
Non Controlling Interest 1,175 1,820
PROFIT FOR THE YEAR 19,518 6,355
STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2025
2025 2024
$’000 $’000
Profit for the year
19,518 6,355
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value
4,269 2,390
Deferred tax movement
(1,119) (634)
Items that may be classified subsequently
to profit or loss:
Foreign exchange hedging reserve
Change in fair value
797 (3,243)
Deferred tax movement
(223)908
Total comprehensive income
23,242 5,776
Attributable to:
Shareholders
21,981 4,307
Non Controlling Interest
1,261 1,469
23,242 5,776
2025 2024
Basic & Diluted Earnings per Share on
-Profit attributable to shareholders56.1c 13.9c
-Trading Profit after Tax54.5c 54.7c
Dividend per Share35.0c 35.0c
Net Tangible Assets per Share$9.36 $9.04
STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2025
2025 2024
$’000 $’000
Equity at beginning of year 301,561 315,922
Total comprehensive income 23,242 5,776
Dividends paid to Shareholders (11,443) (18,637)
Dividend paid to Non Controlling Interest (900)(1,500)
Equity at end of year 312,460 301,561
STATEMENT OF FINANCIAL POSITION
As at 30 June 2025
2025 2024
$’000 $’000
Current Liabilities
Borrowings 26,546 62,665
At Call Deposits 28,074 29,325
Vehicle Floorplan Finance 92,451 100,032
Credit Contracts 166 438
Other Current Liabilities 52,484 59,719
Total Current Liabilities 199,721 252,179
Non Current Liabilities
Lease Liabilities 24,177 19,777
Bank Borrowings 44,180 20,000
Other Non Current Liabilities
5,978 5,022
Total Non Current Liabilities 74,335 44,799
Shareholders’ Equity 306,981 296,443
Non Controlling Interest 5,479 5,118
Total Equity 312,460 301,561
Total Equity and Liabilities 586,516 598,539
Assets
Inventory 242,162 250,129
Cash & Bank 11,996 11,473
Credit Contracts 154 431
Other Current Assets 46,397 57,031
Total Current Assets 300,709 319,064
Non Current Assets
Property, Plant & Equipment 283,850 277,492
Credit Contracts 437 463
Other Non Current Assets 1,520 1,520
Total Non Current Assets 285,807 279,475
Total Assets 586,516 598,539
These summary consolidated Financial Statements have
not been audited.
STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2025
2025 2024
$’000 $’000
Revenue
Products 909,909 923,111
Services 89,128 87,800
Other Income 2,584 2,009
Total Revenue 1,001,621 1,012,920
Less Expenses
Cost of Products Sold 808,169 821,895
Remuneration of Staff 97,848 95,054
Depreciation & Amortisation 9,057 10,021
Interest 14,153 15,492
Other 44,631 42,784
Trading Profit before Tax 27,763 27,674
Less Taxation
Current 8,548 7,952
Deferred 209 18
19,006
19,704
Less Non Controlling Interest 1,175 1,820
Trading Profit after Tax 17,831 17,884
Property – Fair Value Movement
(47)(735)
Deferred Tax Movement 559 (12,731)
Investment – Fair Value Movement -117
Profit after Tax 18,343 4,535
Profit for the year attributable to:
Shareholders 18,343 4,535
Non Controlling Interest 1,175 1,820
PROFIT FOR THE YEAR 19,518 6,355
STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2025
2025 2024
$’000 $’000
Profit for the year
19,518 6,355
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value
4,269 2,390
Deferred tax movement
(1,119) (634)
Items that may be classified subsequently
to profit or loss:
Foreign exchange hedging reserve
Change in fair value
797 (3,243)
Deferred tax movement
(223)908
Total comprehensive income
23,242 5,776
Attributable to:
Shareholders
21,981 4,307
Non Controlling Interest
1,261 1,469
23,242 5,776
2025 2024
Basic & Diluted Earnings per Share on
-Profit attributable to shareholders56.1c 13.9c
-Trading Profit after Tax54.5c 54.7c
Dividend per Share35.0c 35.0c
Net Tangible Assets per Share$9.36 $9.04
STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2025
2025 2024
$’000 $’000
Equity at beginning of year 301,561 315,922
Total comprehensive income 23,242 5,776
Dividends paid to Shareholders (11,443) (18,637)
Dividend paid to Non Controlling Interest (900)(1,500)
Equity at end of year 312,460 301,561
STATEMENT OF FINANCIAL POSITION
As at 30 June 2025
2025 2024
$’000 $’000
Current Liabilities
Borrowings 26,546 62,665
At Call Deposits 28,074 29,325
Vehicle Floorplan Finance 92,451 100,032
Credit Contracts 166 438
Other Current Liabilities 52,484 59,719
Total Current Liabilities 199,721 252,179
Non Current Liabilities
Lease Liabilities 24,177 19,777
Bank Borrowings 44,180 20,000
Other Non Current Liabilities
5,978 5,022
Total Non Current Liabilities 74,335 44,799
Shareholders’ Equity 306,981 296,443
Non Controlling Interest 5,479 5,118
Total Equity 312,460 301,561
Total Equity and Liabilities 586,516 598,539
Assets
Inventory 242,162 250,129
Cash & Bank 11,996 11,473
Credit Contracts 154 431
Other Current Assets 46,397 57,031
Total Current Assets 300,709 319,064
Non Current Assets
Property, Plant & Equipment 283,850 277,492
Credit Contracts 437 463
Other Non Current Assets 1,520 1,520
Total Non Current Assets 285,807 279,475
Total Assets 586,516 598,539
These summary consolidated Financial Statements have
not been audited.

STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2025
2025 2024
$’000 $’000
Revenue
Products 909,909 923,111
Services 89,128 87,800
Other Income 2,584 2,009
Total Revenue 1,001,621 1,012,920
Less Expenses
Cost of Products Sold 808,169 821,895
Remuneration of Staff 97,848 95,054
Depreciation & Amortisation 9,057 10,021
Interest 14,153 15,492
Other 44,631 42,784
Trading Profit before Tax 27,763 27,674
Less Taxation
Current 8,548 7,952
Deferred 209 18
19,006
19,704
Less Non Controlling Interest 1,175 1,820
Trading Profit after Tax 17,831 17,884
Property – Fair Value Movement
(47)(735)
Deferred Tax Movement 559 (12,731)
Investment – Fair Value Movement -117
Profit after Tax 18,343 4,535
Profit for the year attributable to:
Shareholders 18,343 4,535
Non Controlling Interest 1,175 1,820
PROFIT FOR THE YEAR 19,518 6,355
STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2025
2025 2024
$’000 $’000
Profit for the year
19,518 6,355
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value
4,269 2,390
Deferred tax movement
(1,119) (634)
Items that may be classified subsequently
to profit or loss:
Foreign exchange hedging reserve
Change in fair value
797 (3,243)
Deferred tax movement
(223)908
Total comprehensive income
23,242 5,776
Attributable to:
Shareholders
21,981 4,307
Non Controlling Interest
1,261 1,469
23,242 5,776
2025 2024
Basic & Diluted Earnings per Share on
-Profit attributable to shareholders56.1c 13.9c
-Trading Profit after Tax54.5c 54.7c
Dividend per Share35.0c 35.0c
Net Tangible Assets per Share$9.36 $9.04
STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2025
2025 2024
$’000 $’000
Equity at beginning of year 301,561 315,922
Total comprehensive income 23,242 5,776
Dividends paid to Shareholders (11,443) (18,637)
Dividend paid to Non Controlling Interest (900)(1,500)
Equity at end of year 312,460 301,561
STATEMENT OF FINANCIAL POSITION
As at 30 June 2025
2025 2024
$’000 $’000
Current Liabilities
Borrowings 26,546 62,665
At Call Deposits 28,074 29,325
Vehicle Floorplan Finance 92,451 100,032
Credit Contracts 166 438
Other Current Liabilities 52,484 59,719
Total Current Liabilities 199,721 252,179
Non Current Liabilities
Lease Liabilities 24,177 19,777
Bank Borrowings 44,180 20,000
Other Non Current Liabilities
5,978 5,022
Total Non Current Liabilities 74,335 44,799
Shareholders’ Equity 306,981 296,443
Non Controlling Interest 5,479 5,118
Total Equity 312,460 301,561
Total Equity and Liabilities 586,516 598,539
Assets
Inventory 242,162 250,129
Cash & Bank 11,996 11,473
Credit Contracts 154 431
Other Current Assets 46,397 57,031
Total Current Assets 300,709 319,064
Non Current Assets
Property, Plant & Equipment 283,850 277,492
Credit Contracts 437 463
Other Non Current Assets 1,520 1,520
Total Non Current Assets 285,807 279,475
Total Assets 586,516 598,539
These summary consolidated Financial Statements have
not been audited.

Dear Shareholder
• Trading Profit after Tax at $17.8m, a better than expected
result in a patchy market
• Total Dividends for the year 35 cps, 64% of the after-tax
Trading Profit, matching the previous year
Trading conditions
The vehicle markets in New Zealand have been patchy at best
during the trading year to 30 June. New passenger cars, light
commercial vehicles and trucks in particular have been affected by
a sluggish economy and high inventory levels across their
separate markets. This resulted in pressured trading, especially in
the North Island Metro markets. On the other hand, used car
operations across the Group have demonstrated strong growth
and contributed positively to the overall result.
Most of our dealerships responded well to the ‘new normal’ trading
market by addressing their cost structures and finding new
business in this challenging environment. The June calendar year-
to-date total new vehicle market was similar to the prior year in
volume, being up 1.3% at 63,458 units.
However, the all-important commercial market was down 18.4% in
preference to mid-sized and large SUV vehicles. The Ford Ranger
has protected its share in this reduced market but the decline in
that segment is of some concern, as this has been a ‘sweet spot’
for a number of years now. The good news is the recent
introduction of the hybrid Ranger into this segment, along with the
Ranger Super Duty, will further enhance our Ford dealers’ light
commercial range in the future.
Our heavy truck business at Southpac had a difficult year as
trucking volumes fell off in all but the dairy and wider agribusiness
sector. This led to inventory being held for longer periods across
the entire industry and resulted in an aggressive trading
environment. In addition, Southpac has been navigating
increased operational complexity due to model transitions for both
the Kenworth and DAF product lines. While these changes are
essential to maintaining a competitive, modern fleet offering, they
have added layers of complexity to sales, marketing and inventory
planning.
Our JAC Motors initiative continues its launch into a very
competitive market. We remain confident the ongoing
commitment to the JAC brand is an important strategic investment
in a Chinese sourced product range.
We were delighted to secure the Mitsubishi franchise in Manukau,
South Auckland in May and establish that dealership on our
Bakerfield Place site trading as Manukau Autos. As part of that
change, the Southern Autos business has relocated its central hub
of operations to the Botany Road facility.
Property developments
It is pleasing to report the Fagan Motors dealership rebuild in
Masterton has been completed and the new Avon City Ford sales
and service facility in Rangiora, purchased earlier in the year, is
now operational.
We recently purchased further land in Queenstown next to our
dealership in Glenda Drive to protect its options in that fast-
growing region.

Dividend
The Directors are pleased with the performance of the Company, declaring
a fully imputed dividend of 20 cents per share. The dividend will be paid
on Monday, 6 October 2025, with a record date of Friday, 26 September.
This will take the total dividend for the year to 35 cps, representing 64% of
the Trading Profit after Tax and matching the previous year.
Annual Report
The 2025 Annual Report will be published in late September and will
include notice of the 107
th
Annual General Meeting to be held at midday on
Friday, November 7
th
at The Harbourside Function Venue, 4 Taranaki
Street, Wellington.
Outlook
All sectors of New Zealand (except agribusiness) are eagerly awaiting the
rebound from OCR interest rate reductions and the positive impacts
expected from the many policy changes the Government has made and is
continuing to introduce. However, it appears the economic headwinds
along with global geopolitical instability will continue to hamper growth.
We certainly see a two-speed economy in New Zealand – on the downside
we have Metro North Island and, on the upside, the South Island and Rural
New Zealand. Until our Metro areas in the North Island and the truck
business enjoy the same trading environment, we maintain a cautious
watching brief.

A J Waugh
CHAIR 21 August 2025


STATEMENT OF CASH FLOWS
For the year ended 30 June 2025

2025 2024
$’000 $’000
Net Cash Flows from:
Operating Activities 45,305 (40,981)
Investing Activities (11,668) (16,118)
Financing Activities (33,114) 58,718
Net movement in Cash Held 523 1,619
Opening Cash Balance 11,473 9,854
Closing Cash Balance 11,996 11,473


Cash Flow Reconciliation

Profit for the Year 19,518 6,355
Adjustment for Non Cash Items 8,351 23,266
Movement in Working Capital 17,436 (70,602)
Net Cash Flow from Operating
Activities
45,305 (40,981)




Level 6, 57 Courtenay Place,
Wellington 6141

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz




















Unaudited
PRELIMINARY
RESULT


For the year ended
30 June 2025

Dear Shareholder
• Trading Profit after Tax at $17.8m, a better than expected
result in a patchy market
• Total Dividends for the year 35 cps, 64% of the after-tax
Trading Profit, matching the previous year
Trading conditions
The vehicle markets in New Zealand have been patchy at best
during the trading year to 30 June. New passenger cars, light
commercial vehicles and trucks in particular have been affected by
a sluggish economy and high inventory levels across their
separate markets. This resulted in pressured trading, especially in
the North Island Metro markets. On the other hand, used car
operations across the Group have demonstrated strong growth
and contributed positively to the overall result.
Most of our dealerships responded well to the ‘new normal’ trading
market by addressing their cost structures and finding new
business in this challenging environment. The June calendar year-
to-date total new vehicle market was similar to the prior year in
volume, being up 1.3% at 63,458 units.
However, the all-important commercial market was down 18.4% in
preference to mid-sized and large SUV vehicles. The Ford Ranger
has protected its share in this reduced market but the decline in
that segment is of some concern, as this has been a ‘sweet spot’
for a number of years now. The good news is the recent
introduction of the hybrid Ranger into this segment, along with the
Ranger Super Duty, will further enhance our Ford dealers’ light
commercial range in the future.
Our heavy truck business at Southpac had a difficult year as
trucking volumes fell off in all but the dairy and wider agribusiness
sector. This led to inventory being held for longer periods across
the entire industry and resulted in an aggressive trading
environment. In addition, Southpac has been navigating
increased operational complexity due to model transitions for both
the Kenworth and DAF product lines. While these changes are
essential to maintaining a competitive, modern fleet offering, they
have added layers of complexity to sales, marketing and inventory
planning.
Our JAC Motors initiative continues its launch into a very
competitive market. We remain confident the ongoing
commitment to the JAC brand is an important strategic investment
in a Chinese sourced product range.
We were delighted to secure the Mitsubishi franchise in Manukau,
South Auckland in May and establish that dealership on our
Bakerfield Place site trading as Manukau Autos. As part of that
change, the Southern Autos business has relocated its central hub
of operations to the Botany Road facility.
Property developments
It is pleasing to report the Fagan Motors dealership rebuild in
Masterton has been completed and the new Avon City Ford sales
and service facility in Rangiora, purchased earlier in the year, is
now operational.
We recently purchased further land in Queenstown next to our
dealership in Glenda Drive to protect its options in that fast-
growing region.

Dividend
The Directors are pleased with the performance of the Company, declaring
a fully imputed dividend of 20 cents per share. The dividend will be paid
on Monday, 6 October 2025, with a record date of Friday, 26 September.
This will take the total dividend for the year to 35 cps, representing 64% of
the Trading Profit after Tax and matching the previous year.
Annual Report
The 2025 Annual Report will be published in late September and will
include notice of the 107
th
Annual General Meeting to be held at midday on
Friday, November 7
th
at The Harbourside Function Venue, 4 Taranaki
Street, Wellington.
Outlook
All sectors of New Zealand (except agribusiness) are eagerly awaiting the
rebound from OCR interest rate reductions and the positive impacts
expected from the many policy changes the Government has made and is
continuing to introduce. However, it appears the economic headwinds
along with global geopolitical instability will continue to hamper growth.
We certainly see a two-speed economy in New Zealand – on the downside
we have Metro North Island and, on the upside, the South Island and Rural
New Zealand. Until our Metro areas in the North Island and the truck
business enjoy the same trading environment, we maintain a cautious
watching brief.

A J Waugh
CHAIR 21 August 2025


STATEMENT OF CASH FLOWS
For the year ended 30 June 2025

2025 2024
$’000 $’000
Net Cash Flows from:
Operating Activities 45,305 (40,981)
Investing Activities (11,668) (16,118)
Financing Activities (33,114) 58,718
Net movement in Cash Held 523 1,619
Opening Cash Balance 11,473 9,854
Closing Cash Balance 11,996 11,473


Cash Flow Reconciliation

Profit for the Year 19,518 6,355
Adjustment for Non Cash Items 8,351 23,266
Movement in Working Capital 17,436 (70,602)
Net Cash Flow from Operating
Activities
45,305 (40,981)




Level 6, 57 Courtenay Place,
Wellington 6141

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz




















Unaudited
PRELIMINARY
RESULT


For the year ended
30 June 2025













Dividend
The Directors are pleased with the performance of the Company,
declaring a fully imputed dividend of 20 cents per share. The dividend
will be paid on Monday, 6 October 2025, with a record date of Friday,
26 September. This will take the total dividend for the year to 35 cps,
representing 64% of the Trading Profit after Tax and matching the
previous year.
Annual Report
The 2025 Annual Report will be published in late September and
will include notice of the 107th Annual General Meeting to be held at
midday on Friday, November 7th at The Harbourside Function Venue,
4 Taranaki Street, Wellington.
Outlook
All sectors of New Zealand (except agribusiness) are eagerly awaiting
the rebound from OCR interest rate reductions and the positive
impacts expected from the many policy changes the Government
has made and is continuing to introduce. However, it appears the
economic headwinds along with global geopolitical instability will
continue to hamper growth.
We certainly see a two-speed economy in New Zealand – on the
downside we have Metro North Island and, on the upside, the South
Island and Rural New Zealand. Until our Metro areas in the North
Island and the truck business enjoy the same trading environment, we
maintain a cautious watching brief.
A J Waugh
CHAIR 21 August 2025