Half Year Result and Dividend

Half Year Report
31 December 2025

Half Year Report
For the Six Months Ended 31 December 2025
Dear Shareholder
Trading Profit after tax at $10.4m, up 50.0% on last year
Interim Dividend unchanged at 15cps
Trading Results
Trading profit after tax of $10.4m for the first half of the 2026 financial year was significantly ahead of the comparative
six-month period to 31 December 2024. This is an appreciably better result than was anticipated at the time of the 2025
AGM in November. As is often the case, December can be a fickle month to predict, with this year being no exception.
Strong new and used car sales elevated December trading, resulting in this further positive impact on the half year.
Dividend
The Board has declared a fully imputed interim dividend of 15 cents per share. The dividend will be paid on Monday, 30
March, with a Record Date of 20 March 2026.
Trading Conditions
Alongside the economy in general, the new light vehicle market continued its gradual recovery and our six-month result
is evidence of that. Despite this trend, somewhat erratic vehicle supply and demand is an ongoing hurdle, something
that could be further compounded by several vehicle model changes expected during 2026. Management across the
Group has continued the refreshed focus on used vehicles within our dealerships and this has been a significant factor
in the better than expected half year result.
The heavy commercial truck sectors we operate in remain subdued, with national volumes well down on the prior
year. We are not anticipating a recovery in this market to build any marked momentum in the short term. What we
are confident in is these market sectors will eventually improve as the wider economy does. Despite this current tough
market, our truck business is performing well.
The improved outcomes within the agricultural sector, driven by a continued positive dairy outlook and its related strong
returns, together with a better level of demand in the red meat sector, have contributed to a solid recovery in our tractor
business, an industry that remains fiercely competitive. Agricentre South successfully sold the Kubota business in
November in order to focus on its core New Holland and Case IH heavy tractor franchises. The sale included the North
Road property in Invercargill.
Property Developments
Hutchinson Motors has opened a new leased facility on Detroit Place in Christchurch, replacing the previous inner-city
facility on St Asaph Street. This new facility will trade under the banner “Team Hutchinson All Makes” and provides a
much-needed capacity boost for both used vehicles and new vehicle preparation support functions.
While the heavy truck market remained subdued, Southpac continues to see growth opportunities for its parts and
service network. Two new ‘Truck Related Parts’ (TRP) stores have been established in Nelson and Dunedin to support
both the local service dealers and large fleet customers who operate in these regions.
In always having to take into consideration their own market conditions, our Dealers continue to work closely with their
respective brand partners to evolve dealership facilities on a case-by-case basis.
Outlook
Maintaining the first half trajectory may not be a realistic prospect but the objective remains to hold onto, if not build on,
the gains of the first six months. That said, new vehicle registrations in January 2026 were 8.9% higher than in January
2025 and if there is confidence the New Zealand economy will continue a growth trend, this should reflect positively on
new vehicle registrations.
We anticipate the headwinds in the heavy commercial truck sectors to continue into the second half. At the same time,
disruption from new vehicle model changes and a weak New Zealand dollar both have the potential to impact trading
results.
Annual Meeting
The 2026 Annual Meeting is scheduled to be held in Wellington at the Harbourside Function Venue at midday on Friday
the 6th of November.
For and on behalf of the Board
A J (Ash) Waugh
Chair 26 February 2026
and Subsidiary Companies

and Subsidiary Companies
Consolidated Statement of Financial Performance
For the six months ended 31 December 2025
6 Months to
31 December 2025
$’000
Unaudited
6 Months to
31 December 2024
$’000
Unaudited
12 Months to
30 June 2025
$’000
Audited
Revenue
Products504,289461,362909,909
Services47,19445,45789,128
Other income9541,0682,584
Total revenue552,437507,8871,001,621
Trading expenses
Cost of products and services sold448,937412,052808,169
Remuneration of staff53,16349,57097,848
Depreciation and amortisation4,7244,9519,057
Interest5,3927,86014,153
Other operating costs24,93322,20044,631
Total trading expenses537,149496,633973,858
Trading profit before tax15,28811,25427,763
Taxation4,4703,8158,757
Non-controlling interest4114991,175
Trading profit after tax10,4076,94017,831
Non-trading items Fair value adjustments after tax308(19)512
Profit attributable to shareholders10,7156,92118,343
Profit for the period
Profit attributable to:Shareholders10,7156,92118,343
Non-controlling interest4114991,175
Profit for the period11,1267,42019,518
Statistics per share
Basic and diluted earnings per share
Profit attributable to shareholders (cents)32.821.256.1
Trading profit after tax (cents)31.821.254.5
Dividends
Dividends (cents per share)15.015.035.0
Total dividends ($’000)4,9044,90411,443
Net tangible assets per share9.499.079.36
Consolidated Statement of Comprehensive Income
For the six months ended 31 December 2025
6 Months to
31 December 2025
$’000
Unaudited
6 Months to
31 December 2024
$’000
Unaudited
12 Months to
30 June 2025
$’000
Audited
Profit for the period11,1267,42019,518
Other comprehensive income
Items that will not be reclassified subsequently to profit or loss
Property revaluation reserve- Fair value movement after tax(134)(174)3,152
Items that will be reclassified subsequently to profit or loss if conditions are met
Cash flow hedge reserve- Movement in fair value of hedge
derivatives after tax
1871,089572
Total other comprehensive income for the period539153,724
Total comprehensive income for the period11,1798,33523,242
Total comprehensive income for the period attributable to:
Shareholders10,7407,67321,981
Non-controlling interest4396621,261
Total comprehensive income for the period11,1798,33523,242
Consolidated Statement of Changes in Equity
For the six months ended 31 December 2025
6 Months to
31 December 2025
$’000
Unaudited
6 Months to
31 December 2024
$’000
Unaudited
12 Months to
30 June 2025
$’000
Audited
Total equity at beginning of the period312,460301,561301,561
Total comprehensive income11,1798,33523,242
Dividends paid to shareholders(6,539)(6,539)(11,443)
Dividends paid to non-controlling interest(412)(225)(900)
Total equity at end of period
316,688303,132312,460

and Subsidiary Companies
Consolidated Statement of Financial Position
As at 31 December 2025
31 December 2025
$’000
Unaudited
31 December 2024
$’000
Unaudited
30 June 2025
$’000
Audited
Shareholders’ equity
Share capital15,96815,96815,968
Retained earnings177,441165,742172,259
Property revaluation reserve117,598115,412118,738
Foreign exchange cash flow hedge reserve17645516
Total shareholders’ equity311,183297,577306,981
Non-controlling interest5,5055,5555,479
Total equity316,688303,132312,460
Current liabilities
Borrowings23,56469,44826,546
At-call deposits29,16227,85528,074
Trade & other payables51,10960,93147,895
Vehicle floorplan finance79,87992,65792,451
Lease liabilities2,1632,0302,000
Other2,1221,1462,755
Total current liabilities187,999254,067199,721
Non-current liabilities
Borrowings28,45014,31344,180
Lease liabilities31,66219,76324,167
Other5,4215,3105,988
Total non-current liabilities65,53339,38674,335
Total equity and liabilities570,220596,585586,516
Current assets
Cash & bank accounts15,6558,26111,996
Trade & other receivables40,79255,49046,370
Inventory221,541251,080242,162
Other4221,003181
Total current assets278,410315,834300,709
Non-current assets
Property, plant & equipment258,344259,186259,600
Right of use asset31,57819,66024,250
Other1,8881,9051,957
Total non-current assets291,810280,751285,807
Total assets570,220596,585586,516
Consolidated Statement of Cash Flows
For the six months ended 31 December 2025
6 Months to
31 December 2025
$’000
Unaudited
6 Months to
31 December 2024
$’000
Unaudited
12 Months to
30 June 2025
$’000
Audited
Operating cash flows
Inflows557,961509,3731,012,278
Outflows(515,079)(489,782)(966,973)
Net operating cash flows 42,88219,59145,305
Investing cash flows
Inflows1,514-877
Outflows(3,590)(8,290)(12,545)
Net investing cash flows (2,076)(8,290)(11,668)
Financing cash flows
Inflows---
Outflows(37,147)(14,513)(33,114)
Net financing cash flows(37,147)(14,513)(33,114)
Net change in cash held3,659(3,212)523
Cash at beginning of period11,99611,47311,473
Cash at end of period15,6558,26111,996
Segment Information
For the six months ended 31 December 2025
2025
Unaudited
2024
Unaudited
Operating
Segment
$’000
Corporate
$’000
Total Group
$’000
Operating
Segment
$’000
Corporate
$’000
Total Group
$’000
Revenue from customers552,019418552,437507,429458507,887
Trading profit before tax14,0261,26215,28810,48177311,254
Total assets319,719250,501570,220346,294250,291596,585
These summary consolidated financial statements have not been audited. They have been prepared using accounting
policies that are consistent with the most recent annual financial statements and comply with NZ IAS 34, Interim
Financial Reporting.
The financial statements were authorised for issue by the Directors on 26 February 2026.

and Subsidiary Companiesand Subsidiary Companies
The Ranger Super Duty,
arriving 2026, bridges the
gap between light utes and
heavy trucks, offering a class-
leading 4,500kg towing
capacity and 8,000kg Gross
Combination Mass. Engineered
for primary industries and
heavy fleet sectors, the Super
Duty represents a significant
opportunity to capture high-
value commercial growth and
meet the evolving needs of New
Zealand’s heavy-duty operators.
Ford Raptor
In the performance sector, Team Hutchinson Ford has
partnered with Herrod Performance in Australia to bring
another dimension to the class leading Ranger Raptor.
Using Ford-approved engine tuning, this upgrade boosts
the engine by around 30%, all while fully retaining the
5-year factory warranty.
Ranger
SUPER DUT Y

and Subsidiary Companies
Waipounamu Contracting Ltd in
Riversdale, Southland putting the New
Holland FR780 Forager, with its new 3m
Ultra feed front, through its paces.
Mazda 6e and CX-6e
A recent customer showcase evening in Invercargill showing
off new products from CNH.
Agricentre South
The second half of 2026 will see the arrival of the Mazda 6e and CX-6e, marking the brand’s definitive shift
into the battery-electric space. These models utilise a new dedicated platform that maintains Mazda’s
signature rear-wheel-drive dynamics and premium craftsmanship.
The Mazda 6e is a sleek, five-door electric liftback designed for driver
engagement. It features a minimalist, tech-forward cabin and a refined
powertrain optimized for balance and long-distance efficiency. It
serves as the brand’s new electric flagship for the executive
segment.
The Mazda CX-6e is a versatile mid-size SUV
tailored for family mobility. It offers a spacious,
uncluttered interior with significant cargo
capacity and advanced fast-charging
capabilities.
Together, these vehicles provide
a practical yet high-quality
transition to zero-emissions
driving.

and Subsidiary Companies
Soppets Transport Maramarua was established in 1975 and is now owned by Don Wilson. In recognition for
commissioning four new DAFs with new trailers, Southpac celebrated the delivery with a special handover
function at Raglan. From left to right are Don Wilson, DAF Netherlands Sales Manager Michael de Boer
and Richard Smart from Southpac.
Adam Vierboom and his family took delivery of their new Kenworth K220. Based in Whakatane, Adam
specialises in livestock transport for Heikel Transport.
Southpac Trucks
and Subsidiary Companies
Andy Smith Transport was founded in 1945 in
Morrinsville and is owned by the Clement
family of Waitoa.
From left to right: driver Brad Wilson
and owner Mark Clement with
DAF area sales manager,
Michael De Boer.
Michael was in New
Zealand to celebrate
the first deliveries of
the new DAF CF530.
DAF trucks are
manufactured by
DAF Netherlands and
are specifically engineered for
New Zealand conditions.

and Subsidiary Companies
Manukau Autos
Southpac Trucks
Team Hutchinson All Makes
A proud moment for Southpac Rotorua
as their facility officially marks the
opening of their new Certificate of
Fitness (COF) lane to be operated by
VINZ. What makes this significant is
this is only the second testing facility in
the region; the other being operated by
VTNZ.
Team Hutchinson Motors has relocated its used
and new vehicle preparation facility from St Asaph
Street to a new site on Detroit Place. The site was
chosen for its ability to expand used vehicle sales
(Team Hutchinson All Makes), while also having
increased capacity to support vehicle preparation
and servicing into the future.
Manukau Autos (Mitsubishi) is
operated by Dealer Principal Jason
Robb. It was previously Southern
Autos Manukau.

and Subsidiary Companies
From 5 years to over 30 years of service, these team members have helped shape Dunedin City Motors
into what it is today. Their commitment to customers, community and each other is a key contributor to
Dunedin City Motors’ success.
Front Row: Tony Coulston, Ray Quijano, Bryce Thompson, Jeff Irving, Mike Walters, Michael Shum, Alan Muir,
Ryan Mitchell, Ray Boyes
Back Row: Brian Cameron, Braydon Ngatae, Sam Wilson-Cruden, Callum Cameron, Glenys Sutherland, Katie
Procter, Tyler Walters, Brent New, James Gizzi, Katrina Meikle.
Marking two decades with Energy City
Ford, Abby van der Poel is recognised
by CEO/DP Russell Dempster for her
outstanding commitment from 2005
to 2025.
Laurie Troy (R) celebrates his
retirement with CEO/DP David
Lavington after 49 years with Dunedin
City Motors (and previously Napier
Motors) marking the end of an era for
their Parts Department.
Dade Debenham celebrates earning
his New Zealand Certificate in Light
Automotive Engineering (Level 4).
Pictured with Manukau Autos DP
Jason Robb (L) and Service Manager,
Zubin Palsetia (R).
Long Service, Qualifications and Congratulations
Dunedin City Motors Long Service Awards
Jack Elder from Agricentre’s Cromwell
branch retired in December after
12 years. Jack was instrumental in
establishing the branch in Cromwell.
CEO/DP Russell Dempster
congratulates Rob Reade on his
milestone, celebrating 20 years of
dedicated service with Energy City
Ford from 2005 to 2025.
Finn Horvath being recognised as
the Aspiring Young Employee of the
Year in Waipukurau. Pictured with
Ruahine Motors Service Manager
Josh Alexander (L) and MITO Training
Advisor Annie Van Wyk (R).

and Subsidiary Companies
Jimmy Banks, CEO and Dealer
Principal at MS Motors, receives
his award from Group CEO Alex
Gibbons (L) and Director Stuart
Gibbons (R).
Ben Graham (R), Sales Manager at Team
Hutchinson Ford, receives his award from CEO
and Dealer Principal John Hutchinson (L) and is
acknowledged by his colleagues.
Sean O’Farrell (Centre L), Used Vehicle Manager
at Avon City Ford, and Antony Moore (Centre R),
Service Technician at Avon City Ford, receive their
awards from CEO and Dealer Principal, Richard
Burns (L) and Service Manager Bruce McCoubrey (R)
The most significant asset of CMC is not a physical possession. What sets us apart is the collective expertise,
dedication and spirit of our people. Their knowledge and commitment are the driving force that will carry the
company into the future.
One of our most treasured traditions is recognising that loyalty. After 25 years of continuous service, every
employee is honoured with a gold watch - a lasting symbol of appreciation for the individuals who shape our
legacy.
Celebrating a 25-Year Milestone Achievement
Simon Jones (L), Service
Manager at Macaulay Motors
Queenstown, receives his award
from CEO and Dealer Principal
Tim Rabbitte.
Tim Rabbitte, CEO and Dealer
Principal at Macaulay Motors, receives
his award from Group CEO Alex
Gibbons (L) and Director Stuart
Gibbons (R).

and Subsidiary Companies
The Company is able to send shareholders e-mail notifications of the announcement and release of its half year (in February) and full year
results (in August) and of the Annual Report (in September). If you are not already receiving these e-mail notifications then to register
for this service you can send an e-mail to our Share Registry at ecomms@computershare.co.nz from the e-mail account you wish to
receive the notifications to, with “Email Notifications” in the subject line. You will need to record the full name your shares are held in
and the relevant CSN/shareholder number. You can find that number on your dividend statement or Securities Transaction Statement.
Julie Tielemans, Payroll
Administrator at Southpac
Trucks, receives her award from
CFO Scott Miller.
After more than 35 years of service to the
Group, we bid farewell to John Luxton and
celebrate the legacy he leaves behind.
Beginning in 1989 as Fleet Sales Manager
at Hutchinson Motors in Christchurch,
he then became Dealer Principal in Te
Awamutu, followed by Invercargill and
finally Christchurch as CEO and Dealer
Principal at Avon City Motors in 1998. John
is both highly regarded in the industry and
within the CMC Group, a true legend who
we wish all the best in his retirement.
John is pictured here with Group CEO Alex
Gibbons (L) and Chair Ashley Waugh (R).
John Luxton
CEO - Avon City Motors
Tharanga Witharana, Technician at
Capital City Motors, receives his award
from CEO and Dealer Principal Matt
Carman (L) and Service Manager Sam
Ross (R).
Michael Walter (L), Vehicle
Groomer at Dunedin City
Motors, receives his award from
CEO and Dealer Principal David
Lavington.

PO Box 6159
Marion Square
Wellington 6141
Level 6
57 Courtenay Place
Wellington 6011
Telephone 04 384-9734
Email cmc@colmotor.co.nz
Website www.colmotor.co.nz
Printed on Recycled Paper

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Results announcement


CMO


Results for announcement to the market
Name of Issuer The Colonial Motor Company Limited
Reporting Period 6 months to 31 December 2025
Previous Reporting Period 6 months to 31 December 2024
Currency NZ dollars
Amount (000s) Percentage change
Revenue from continuing operations 552,437 8.8%
Total Revenue 552,437 8.8%
Net trading profit from continuing operations 10,407 50.0%
Net profit from continuing operations
attributable to security holders
10,715 54.8%
Total net profit attributable to security
holders
10,715 54.8%
Interim Dividend
Amount per Quoted Equity Security NZD $0.15000000
Imputed amount per Quoted Equity Security NZD $0.05833333
Record Date 20 March 2026
Dividend Payment Date 30 March 2026

Current period Prior comparable
period
Net tangible assets per Quoted Equity
Security
$9.49 $9.07

Commentary
A commentary to assist in the interpretation of the
figures in this announcement is provided in the
attached unaudited Half Year Report.

Authority for this announcement
Name of person

authorised to make this
announcement
Jack Tuohy, Company Secretary
Contact person for this announcement Ash Waugh, Chair
Contact phone number 04 384 9734
Contact email address cmc@colmotor.co.nz
Date of release through MAP

26 February 2026

Unaudited financial statements accompany this announcement.

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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 Quarterly
Half Year X Special
DRP applies
Record date Close of trading on: 20 March 2026
Ex-Date 19 March 2026
Payment date 30 March 2026
Total monies associated with the distribution $4,904,194.80
Source of distribution Retained earnings
Currency NZ dollars
Section 2: distribution amounts
Gross distribution $0.20833333
Gross taxable amount $0.20833333
Total cash distribution $0.15000000
Excluded amount (applicable to listed PIEs) $0.00000000
Supplementary distribution amount $0.02647059
Section 3:
Is the distribution imputed Fully imputed
Imputation rate applied 28.0%
Imputation tax credits per financial product $0.05833333
Resident withhold tax amount per financial product $0.01041667
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 Ash Waugh, Chairman
Contact phone number 04 384 9734
Contact email address cmc@colmotor.co.nz
Date of release via MAP 26 February 2026