NZX Governance Explorer

2 Cheap Cars Group Limited (2CC)

NZX-listed Financials company — share price, dividends, financials, board of directors and governance score.

2 Cheap Cars Group Limited (NZX:2CC) last traded at $0.91 on 21 Oct 2026, a market capitalisation of $41M NZD, a board of 3 directors chaired by Michael Stiassny and a Governance Risk Score of 79/100.

2 Cheap Cars Group Limited operates New Zealand's largest used vehicle retail business, selling imported vehicles (primarily from Japan) through multiple dealership locations under the 2 Cheap Cars brand, with expansion into Australia. The group combines used vehicle sourcing and retail operations with captive consumer finance through NZ Motor Finance, serving price-conscious buyers seeking affordable used vehicles with integrated financing options. Revenue is generated through vehicle sales margins and finance origination and servicing.

Share price
$0.91+0.00%
Market cap
$41MNZD
P/E ratio
8.6
Dividend yield
4.86%trailing 12m
Return on equity
14.4%
Governance score
79/100Very Good
Board size
367% independent
Last dividend
2.87cFY2026

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How 2 Cheap Cars Group Limited makes money — FY2026

Revenue $81.7m · EBITDA $8.1m (9.9% of revenue) · Net profit $3.2m (3.9% of revenue)

2 Cheap Cars Group Limited (2CC) FY2026: where revenue of $81.7m wentRevenue → EBITDA: $8.1mRevenue → Operating costs (net of other income): $73.6mEBITDA → EBIT: $5.2mEBITDA → Depreciation & amortisation: $2.9mEBIT → Net profit: $3.2mEBIT → Interest: $752kEBIT → Income tax: $1.2mRevenue: $81.7mRevenue$81.7mEBITDA: $8.1mEBITDA$8.1mOperating costs (net of other income): $73.6m (derived)Operating costs (net ofother income)$73.6m · derivedEBIT: $5.2mEBIT$5.2mDepreciation & amortisation: $2.9mDepreciation &amortisation$2.9mNet profit: $3.2mNet profit$3.2mInterest: $754kInterest$754kIncome tax: $1.2mIncome tax$1.2m

Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).

2 Cheap Cars Group Limited FY2026 figures used in the chart
FY2026AmountStatusNote
Revenue$81.7mReported
Operating costs (net of other income)−$73.6mDerived *Reported operating expenses $9.4m do not reconcile; not used.
EBITDA$8.1mReported
Depreciation & amortisation−$2.9mReported
EBIT$5.2mReported
Interest (net finance costs)−$754kReported
Income tax−$1.2mReported
Other items (net gain)+$12kBalancing item *Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised.
Net profit$3.2mReported
  • * operating costs: $73.6m = Revenue − EBITDA

Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 14 June 2026.

Annual report: 2 Cheap Cars Group - Annual Report 2026 (PDF, NZX)

Every charted year for 2CC, with checks

2 Cheap Cars Group Limited board of directors

3 current directors, 67% independent, average tenure 3.2 years.

DirectorRoleIndependentAppointedTenureCommittees
Michael StiassnyChairYes20233.1 yrs—
David (Yusuke) SenaExecutive DirectorNo20242.4 yrs—
Gordon ShawIndependent DirectorYes20224.2 yrs{"name":"Nelson Marlborough branch of the New Zealand Institute of Directors","role":"Member"}

2CC governance score breakdown

2 Cheap Cars Group Limited scores 79/100 (Very Good) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.

Board structure
16/25
Shareholder rights
20/20
Executive remuneration
7.5/10

2CC dividends

The most recent 2 Cheap Cars Group Limited dividend on record is 2.87 cents per share, for FY2026 (final), 100% imputed, ex-dividend 4 Jun 2026, paid 19 Jun 2026.

2 Cheap Cars Group Limited largest shareholders

Top 10 registered holders of 2CC as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.

#HolderHolding
1SENA & CO LIMITED75.90%
2FORSYTH BARR CUSTODIANS LIMITED3.20%
3NEW ZEALAND DEPOSITORY NOMINEE LIMITED2.70%
4ACCIDENT COMPENSATION CORPORATION2.70%
5CITIBANK NOMINEES (NEW ZEALAND) LIMITED2.20%
6AUSTEN HERBERT STEWART KYLE1.60%
7LORRAINE MARY MCCAFFREY1.10%
8HUMI SENA0.50%
9IAN ARCHIBALD HURST & GLORIA FAYE HURST0.50%
10HONG REINER0.50%

Recent 2CC NZX announcements

The 10 most recent filings by 2 Cheap Cars Group Limited to the NZX.

2 Cheap Cars Group Limited (2CC) — frequently asked questions

What does 2 Cheap Cars Group Limited do?

2 Cheap Cars Group Limited operates New Zealand's largest used vehicle retail business, selling imported vehicles (primarily from Japan) through multiple dealership locations under the 2 Cheap Cars brand, with expansion into Australia. The group combines used vehicle sourcing and retail operations with captive consumer finance through NZ Motor Finance, serving price-conscious buyers seeking affordable used vehicles with integrated financing options. Revenue is generated through vehicle sales margins and finance origination and servicing. 2 Cheap Cars Group Limited is listed on the NZX under the ticker 2CC, in the Financials sector.

What is the 2 Cheap Cars Group Limited (2CC) share price?

2 Cheap Cars Group Limited (NZX:2CC) shares closed at $0.91 on 21 October 2026, unchanged on the previous close. At that price its market capitalisation was about $41 million, based on 45,554,500 shares on issue.

Who are the directors of 2 Cheap Cars Group Limited?

2 Cheap Cars Group Limited has 3 current directors: Michael Stiassny (Chair), David (Yusuke) Sena (Executive Director) and Gordon Shaw (Independent Director). 2 of the 3 are recorded as independent (67%). Average board tenure is 3.2 years.

Who is the chair of 2 Cheap Cars Group Limited?

Michael Stiassny chairs the 2 Cheap Cars Group Limited board, and has been a director since 2023.

Who is the CEO of 2 Cheap Cars Group Limited?

David Sena is the CEO of 2 Cheap Cars Group Limited.

What was 2 Cheap Cars Group Limited's most recent dividend?

The most recent 2 Cheap Cars Group Limited dividend on record is 2.87 cents per share for FY2026 (final), 100% imputed, ex-dividend 4 June 2026, paid 19 June 2026.

What is 2 Cheap Cars Group Limited's dividend yield?

2 Cheap Cars Group Limited's trailing 12-month dividend yield is 4.86%, as at 21 October 2026. That is 4.42 cents per share of ordinary dividends with an ex-date in the 12 months to 22 October 2026, divided by the 21 October 2026 closing price of $0.91. Special dividends are excluded.

Who are the largest shareholders of 2 Cheap Cars Group Limited?

The largest registered holder of 2CC shares in the FY2025 top-20 register was SENA & CO LIMITED, with 75.90%, followed by FORSYTH BARR CUSTODIANS LIMITED (3.20%) and NEW ZEALAND DEPOSITORY NOMINEE LIMITED (2.70%). Custodians and nominees on the register hold shares on behalf of other investors.

What is 2 Cheap Cars Group Limited's governance score?

2 Cheap Cars Group Limited has an NZXplorer Governance Risk Score of 79/100 (Very Good) for FY2026, based on 73% data coverage.

When was the last 2 Cheap Cars Group Limited annual meeting?

The most recent 2 Cheap Cars Group Limited annual meeting on record was held on 25 September 2026.

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