Highlights

  • Tourism Holdings Limited reaffirms FY26 NPAT guidance of $43M–$47M, implying 50–65% growth
  • Minimal impact from geopolitical tensions, with only slight booking delays in ANZ
  • Strategic initiatives underway across UK, Australasia, and North America to improve efficiency and profitability

Tourism Holdings Limited (NZX:THL) has reaffirmed its FY26 earnings outlook, projecting underlying NPAT between $43 million and $47 million, reflecting strong year-on-year growth. The company reported minimal disruption from ongoing geopolitical tensions, with only minor booking delays in Australasia that are expected to be temporary. Supported by a positive long-term outlook for the RV industry and rising demand for leisure travel, THL continues to optimize its operations. Strategic initiatives across its global business are focused on improving profitability, reducing debt, and enhancing operational efficiency.

Limited Impact from Geopolitical Tensions

THL reported only a minor impact from the U.S.–Israel–Iran conflict, with minimal cancellations in ANZ rental bookings due to temporary flight disruptions. A slight slowdown in international bookings has been observed, mainly affecting FY27, as travellers delay decisions amid uncertainty. However, based on past trends, the company expects this to reflect deferred demand rather than a structural decline. North American operations remain largely unaffected, as most travellers to the region do not transit through the Middle East. This geographic diversification helps mitigate risk and supports stable demand.

Strategic Initiatives to Drive Efficiency

THL is advancing several strategic initiatives to strengthen its business. With respect to UK & Ireland, the strategic review has been completed. The company highlighted the conditional agreement to sell loss-making division for ~$58.3 million. The funds released are expected to be applied towards debt reduction.

In Australasia, it has closed its Brisbane manufacturing facility at the end of 2025. With regards to Australian Retail Sales, two underperforming dealerships have been shut. There has been overall reduction in exposure to more cyclical RV sales market. Meanwhile, a North American synergy project is underway. Also, USA and Canada are operating as one fleet in order to improve the regional fleet economics and performance.

FAQs

  1. What is THL’s FY26 earnings guidance?

Tourism Holdings Limited expects underlying NPAT between $43M and $47M, implying 50–65% growth over FY25.

  1. How is the geopolitical conflict affecting THL?

The impact is minimal, with only slight booking delays in ANZ and no major disruption to North American operations.

  1. What are THL’s key strategic priorities?

The company is focused on divestments, cost optimization, and regional integration to improve profitability and reduce debt.