Tourism Holdings expects to return to profit after several difficult years, with growth seen in New Zealand, Australia, Canada and the UK and Ireland.
“With the exception of the US, we’ve had a strong start across all other markets on the rentals side of the business,” THL chief executive Grant Webster told shareholders.
“Positively, our forward book for the remainder of the financial year for New Zealand, Australia and Canada are each sitting around 20% ahead of last year.”
However, Webster said that the growth rates were unlikely to be sustained throughout the entire year.
He said the company’s priority was to implement its strategic plan, capitalise on the ongoing recovery in international tourism and RV rentals, and continue cutting costs.
“We see FY26 as a transitional year as we implement these changes against a backdrop of continued weakness in RV sales and uncertainty around recovery timing.”
“The benefits of these changes should be evident in FY27.”
He said growth was expected in New Zealand rentals and sales, Australian rentals, Canada, the UK/Ireland, and the tourism sectors, although these increases would likely be partly offset by declines in the United States and in Australian retail and manufacturing businesses.
Tourism Holdings recorded a full-year net loss of $25.8 million for the year ending June 2025.
“We’re not providing profit guidance for FY26 at this stage, given we’re only three months into the year and have a number of transformative actions underway,” Webster added.
“We remain confident that we’ve turned a corner and expect a return to NPAT (net profit after tax) growth in this financial year.”