Motor Trade Finance Limited Analysis

Overview

Motor Trade Finance Ltd (MTF) is a dealer owned finance company, providing vehicle finance to the customers of its dealer shareholders.

Formed in 1970, it has grown from a cooperative to an investor owned company. MTF operates by franchising, it listed its first debt security on NZX since June 1994.

In July 2006 MTF listed $40 million preference shares on NZX under the ticker of MTFHC on NZX.

In February 2016 it changed name from Motor Trade Finances Limited to Motor Trade Finance Limited. The ticker code remained as MTF.

Performance

The following information was extracted from Motor Trade Finance Ltd's half year results, released on 27 May 2026:

MTF Finance has reported a strong half-year result for the six months ending 31 March 2026, reflecting disciplined growth, continued investment and the resilience of its local lending model during a challenging economic period for many New Zealand households and businesses.

For the six months ending 31 March 2026, MTF Finance reported:

• $407.7 million in new lending

• $1.20 billion in total assets

• $3.64 net asset backing per share

• $47.4 million in originator earnings

• Underlying profit after tax of $4.7 million, up from $4.1 million

• Continued strong customer satisfaction, significantly outperforming the financial services sector benchmark

Chief Executive Officer Chris Lamers says the result reflects a business staying closely connected to the realities facing everyday New Zealanders.