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Why Is THL Lowering Its FY25 Profit Forecast Amid US Market Worries?
7:38am on Friday 4th of July, 2025 AEST
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Tourism
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Why Is THL Lowering Its FY25 Profit Forecast Amid US Market Worries?
7:38am on Friday 4th of July, 2025 AEST
Key Points
FY25 underlying net profit after tax expected at lower analyst range ($27M–$34.4M)
Potential NZ$36 million goodwill impairment related to US business under review
Manufacturing volumes in Australia and New Zealand declining due to right-sizing
Strong forward rental revenue growth in New Zealand and Australia for FY26
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Tourism Holdings Rentals (ASX:THL)
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