Issuu

ANNUAL REPORT

CONTENTS

P: 0800 00 11 44 E: mta@mta.org.nz

INTRODUCTION

W: mta.org.nz @motortradeassociation @motor-trade-association

PRESIDENT’S INTRODUCTION

CEO’S OVERVIEW

STRATEGIC VISION

SHAPE A FAVOURABLE POLICY ENVIRONMENT

DELIVER MEASURABLE VALUE TO MEMBERS

ENSURE FUTURE-FIT INDUSTRY READINESS

GROW AND EVOLVE MEMBERSHIP

BUILD OPERATIONAL & COMMERCIAL SUSTAINABILITY

FINANCIALS 16

MTA WELLINGTON OFFICE Level 5, AIA Tower 34 Manners Street Te Aro Wellington 6011

MTA AUCKLAND CAMPUS

POSTAL ADDRESS

485 Great South Road Penrose Auckland 1061

PO Box 9244 Marion Square Wellington 6141

Motor Trade Association | Annual Report 2026

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Motor Trade Association | Annual Report 2026

A YEAR OF STABILITY AND STRENGTH

BUILDING FOR THE FUTURE

THE MOTOR TRADE ASSOCIATION HAS A PROUD HISTORY DATING BACK MORE THAN 100 YEARS.

I WROTE IN LAST YEAR’S ANNUAL REPORT THAT THE CHALLENGE THIS YEAR WAS TO SHIFT GEARS AFTER 12 MONTHS FOCUSED ON OVERCOMING INERTIA AND CREATING MOMENTUM.

Over the decades, MTA and MTA members have been tested by war, by economic hardship, by social and political change. MTA, members and industry have faced the challenges and come through them. Because we have a strong, stable platform to survive and thrive. The year under review has also tested members and industry although not, fortunately, to the extent of some of our forebears. But the cost of living, a depressed economy, and unforeseen overseas events have all created trading conditions that have challenged not only our sector, but our country. It’s worth remembering that as the financial year started in July 2025, there was cautious optimism that the promised “green shoots” of economic recovery would soon appear. Inflation was predicted to fall, employment to rise, with economic growth flowing through to the bank accounts of business and families.

Instead, the fuel sector faced decreasing volumes at the pump and the retail site as a result of the prolonged conflict – not to mention the possibility of an increase in the theft that is already an ongoing drain on businesses. And the ripples spread further. Surveying of general repair MTA members showed that motorists feeling the pinch were delaying non-essential – or even essential – repairs and maintenance on their vehicle. Those same workshops were also subject to increased prices from their suppliers but pleasingly, most reported they were absorbing the cost rather than passing it on. Dealers also reported falling sales for much of the period, although the Middle East cloud at least provided a silver, even gold, lining for retailers of electrified vehicles. As a result, the earlier optimism for economic recovery was replaced by a sense of negativity.

Our services in mediation and human resources provided free, quality solutions to businesses confronted with dissatisfied consumers and disgruntled staff. Through the engagement of the NZ Institute of Economic Research, we identified trends that will enable business to plan for the future and prosper. And the jewel in the crown: the development of our election year blueprint to the next Government for economic growth, The Road to Prosperity, which was launched to an audience of MPs, industry and members at Parliament. So while the headwinds have been strong, MTA has been a windbreak instead of a windmill. I would like to thank all MTA members and staff in contributing to a year of stability and strength.

But I am proud to say MTA stepped up.

In turn, this offered the promise of financial growth for industry and membership.

Throughout the period the value of MTA membership was strongly apparent.

Instead, many automotive businesses faced uncertainty and changes in consumer behaviour as a result of conflict in the Middle East.

Our advocacy and media engagement went into overdrive to get Government attention and public support for issues that matter to industry.

The flow-on effect was most widely seen and experienced in the form of fuel price rises; rises which contrary to popular belief and some misguided media coverage, were not welcomed or exploited by the fuel sector.

We continued to lead the return of MITO to industry, which offers a brighter future for learners and employers.

Motor Trade Association | Annual Report 2026

ensured members could reduce overheads and improve financial performance.

We launched a range of products and support services that

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STURROCK SAUNDERS MTA President

Looking back, it’s pleasing to see we’ve chalked up some significant wins, moving fast and asserting our position as the voice of industry. Though like many of the MTA membership, economic circumstance forced us to reprioritise and refocus against a backdrop of uncertainty. MTA cannot influence trading conditions, but we exist to help members run better businesses and therefore the value of membership grows in difficult times. Part of which is our commitment to supporting members through benefits and connections that grow revenue, reduce overheads, or create operational efficiency. One of our core commitments is ensuring the value of membership undeniably exceeds the cost. Our newly introduced preferential arrangement with Afterpay saved members around $620,000 in fees – a saving of around $500 per member using the service. More than 1800 member businesses sent staff to one of 270 training or social events; the HR Consultancy team gave advice in 1200 cases raised by members, and our Mediation team assisted with over 1800 calls – assisting with 1190 cases involving members. Even so, we ensured our increase in membership fees was kept to the minimum necessary. MTA’s investment in marketing the Bright Blue Badge ensured

spend-cautious consumers sought businesses carrying the trusted MTA logo, which remains as well-recognised as ever. Our advocacy built on the success of leading MITO’s return to industry ownership to the formation and implementation of the new structure, as well as the creation of a dedicated Transport sector Industry Skills Board. We took up the fight on such areas of importance as the Warrant of Fitness reforms, Right to Repair and crime. Our election year manifesto, The Road to Prosperity, and indeed all our advocacy work, drew directly on the input of members in our Expert Advisory Groups, and the hosting of an Industry Leaders Forum work with the biggest business entities in our industry.

Our balance sheet remains strong and our investments solid. Membership remains steady at around 4000 businesses, while the addition of ten high level Corporate Partnerships with major industry participants adds new dimensions to how we best serve industry. This year was about finding the limits of the current operating model. Next year our focus will shift to reorganising MTA for faster pace, high capacity, and a deliberate focus on making a measurable difference to members. As always, I thank all members for their ongoing support and look forward to working with you in the coming year.

Working with media ensured the interests of members and industry were always in front of decisionmakers and the public. We added strings to our communications bow with the launch of an MTA podcast, In the Fast Lane, while the launch of the VSTAT website gives clear in-depth analysis of vehicle retail trends and data. We simultaneously reduced last year’s MTA Parent net operating deficit by around $1m against the prior year, part of which was achieved through centralising of finance, administration and IT services with our subsidiary Auxo.

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LEE MARSHALL MTA CEO

Motor Trade Association | Annual Report 2026

OUR FUTURE MTA HAS A STRATEGIC BLUEPRINT FOR 2026-2027 AND BEYOND. OUR STRATEGY IS SPREAD ACROSS FIVE PILLARS.

OUR VISION MTA members at the heart of a thriving, progressive New Zealand automobile industry. OUR PURPOSE Driving auto industry excellence by empowering MTA members to thrive.

GOALS Shape a Favourable Policy Environment

Ensure Future-Fit Industry Readiness

Secure more favourable operating conditions for all members.

Support members in running more resilient, higher value businesses.

Deliver Measurable Value to Members

Grow and Evolve Membership

Ensure the value of membership outweighs the cost.

Expand membership through new and existing categories.

Build Operational and Commercial Sustainability Achieve operational and commercial sustainability.

Motor Trade Association | Annual Report 2026

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Motor Trade Association | Annual Report 2026

SHAPE A FAVOURABLE POLICY ENVIRONMENT

4.3%

share of media voice versus

4.1%

nearest competitor

MTA’s advocacy shifted the needle in several key areas, including safety, immigration and education. Young learners will have earlier, smoother pathways to automotive careers as a result of MTA’s work with Government, while immigration adjustments support employers address staffing shortages. MTA worked with Government on a smooth transition to the new Warrant of Fitness scheme and launched its election year manifesto at Parliament. MTA’s advocacy work was supported by proactive media strategy, which reached a potential audience of 25m New Zealanders across all mainstream and industry outlets.

Motor Trade Association | Annual Report 2026

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audience tial rea n te

766

media mentions across all channels

25M

400

WARRANT OF FITNESS reform staged rather than imposed all at once

appearances in radio bulletins

FUEL SUPPLY CRISIS: MTA as the sector’s eyes and ears for Government

Automotive roles written into the new residency pathways Regular appearances on the... 1

Mike Hosking show

TVNZ

Radio NZ

Stuff

NZ Herald

THE ROAD TO PROSPERITY election year manifesto presented to Government

AUTOMOTIVE placed within the new Engineering Technologies school curriculum

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Motor Trade Association | Annual Report 2026

DELIVER MEASURABLE VALUE TO MEMBERS 7824

Members saved

welfare and support calls to members

$856K

Public MTA brand awareness reached a high of...

26.97M

views of MTA billboards nationwide

Saving for members using MTA mediation service

reached through Christmas campaign

181.9K

$446K

8.23M

rs of MTA w use eb k si .9

High-impact billboards, targeted cinema spots, bus backs, print, events, and major radio partnerships on channels like George FM, Breeze, Newstalk ZB, and the Rova app gave MTA nationwide exposure. During peak campaign pushes, we achieved a national reach of 4.5 to 6m+ per month. This delivered clear results: public brand awareness reached a high of 86%.

by using MTA HR services

86%

MTA focused on keeping the MTA brand front-of-mind for motorists. By reinforcing MTA as the quality mark for automotive professionalism while driving business directly to our members, our investment in brand awareness, member services, and gift products continues to strengthen our position as a leader within the New Zealand automotive industry.

503,522

wi s th ew i 503 v ,522 page

6 0

. 3 K

views of MTA cinema ads

views of most popular TikTok post

Gift voucher sales totalling

$14.74M 13,673

7.13M

FROM

91.3K

orders

Motor Trade Association | Annual Report 2026

reached through radio

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Motor Trade Association | Annual Report 2026

ENSURE FUTURE-FIT INDUSTRY READINESS $2.87M IN MEMBER SAVINGS

MEMBERS SAVED

$627,000

using N3 with an average saving of $2,468 PER MEMBER

across

1149 MEMBERS

in Afterpay fees using MTA’s special rate

sites now live on OVER member SafetyCulture platform,

100

MEMBER 1185 REVIEWS 1185 CONDUCTED

MTA focussed on delivering outstanding value and support to members. Through partnerships with SafetyCulture, Afterpay and N3, members enjoyed favourable rates and access that gave their business a competitive advantage. Regrettable membership churn has reduced by 20% on year, while new membership has grown by 28%. The Mediation team assisted in an increase in cases as members require additional assistance, while the HR cases assisted with a higher number of cases. MTA Gift Voucher saw marked increase in monthly sales peaking over $1.5m for both May and June. MTA supported 278 events with over 2000 seats of Social and Training events with some being exceptionally popular. Motorsport-related events continued to be very popular, as do networking events.

Motor Trade Association | Annual Report 2026

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$80,000

covering 1000 staff

GRANT FROM

INSPIRING FUTURES FOUNDATION approved for programme to reduce workplace harm

GROW AND EVOLVE MEMBERSHIP w ne

mem

bers in FY2

02 6

PARTNERSHIPS

PROGRAMME L AU N C H E D,

234 VS

183 in FY2025

CORPORATE

SPONSORSHIP

MEMBERSHIP gives members

delivering tangible benefits to members

access to products, services, and offers from trusted brands

1712 13 |

current and future member visits

Motor Trade Association | Annual Report 2026

BUILD OPERATIONAL & COMMERCIAL SUSTAINABILITY MTA MEMBERSHIP REVENUE

REDUCTION IN

EMPLOYEE

BENCHMARK

5.5%

RETURN

11.8%*

is higher by

C O S T S BY

$0.34M

over previous year

$0.42M

over previous year

AUXO WORKSHOP PLATFORM LAUNCH IN NEW ZEALAND:

STRONG PERFORMANCE OF INVESTMENT FUNDS

Software & Associated Sales

$1.02m higher than last year * based on the fund’s opening balance of $31.25m

$0.38M

higher than last year

2026 MTA Board: Isaac Heron, David Boot, Grant Woolford (Vice President), Sturrock Saunders (President), Jason Land, Rob Braun, Ross Verry.

Motor Trade Association | Annual Report 2026

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Motor Trade Association | Annual Report 2026

SUMMARY OF RESULTS FINANCIAL STATEMENTS

REVENUE

We are pleased to present the MTA Group financial statements for the year ended 30 June 2026 which are prepared under the Tier 2 New Zealand International Financial Reporting Standards Reduced Disclosure Regime (“NZ IFRS RDR”). Under NZ IFRS RDR the Dekra Put/Call options are required to be revalued at fair value, this adjustment is non-cash, non-taxable.

Total Group revenue was $17.32m, representing a decrease of $0.60m compared to the previous financial year. This reduction was primarily driven by last year’s inclusion of $1.59m in one-off Donee income gifted from MTA (Northern Region) Inc and the derecognition of a historic liability for Region Funds (contribution from branches). This was partially offset by increased Auxo software sales of +$0.38m and increased MTA Inc membership fees of +$0.34m.

PROFITABILITY The MTA Group recorded a net loss of $0.44m for the 2026 financial year, closely tracking the $0.43m loss reported in 2025. While both years’ results are similar, last year’s result benefited from a one-off donee income of $1.59m. The underlying financial performance in 2026 showed improvement, driven by higher MTA membership revenue, stronger returns on investment funds, and reduced employee expenditure. However, this was offset by the revaluation of the Dekra Put/Call option, which resulted in a non-cash, non-taxable loss of $0.48m for FY26, compared to a $0.41m gain in FY25.

FINANCIALS Motor Trade Association | Annual Report 2026

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Excluding the impact of the Dekra Put/Call option and FY25 one-off donee income, the MTA Group achieved a small underlying profit of $0.04m in 2026, a notable improvement from the adjusted loss of $2.43m in 2025.

FINANCIAL SUSTAINABILITY The MTA Board recognises that running operating deficits is unsustainable over the medium to long term. Consequently, steps are actively underway to reduce these deficits and protect the real value of the group’s investments.

EXPENSES Total 2026 expenses, including direct costs, were $24.62m, $0.67m lower than the prior year. The reduction was driven from lower Employees expenses $0.42m and Amortisation expense $0.22m.

INVESTMENTS Our share of Dekra’s net profit recorded in the consolidated statement of comprehensive income was $3.67m in 2026, reduction of $0.17m from 2025. Cash dividends of $3.2m were received from Dekra during the year, remaining unchanged from last year. The investment portfolio generated a gain of $3.69m or an 11.8% return on the fund’s opening balance of $31.25m. The 2026 return is a strong performance and has exceeded the fund’s benchmark return of 5.5% for the fourth consecutive year. The value of the fund slightly improved by a net $0.04m over the 2026 year on account of $3.65m in net withdrawals notwithstanding the investment gain of $3.69m. During the year MTA invested a further $1.65m into its wholly owned subsidiary, Auxo, bringing the total investment in Auxo to $12.57m at balance date.

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Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP Directors' Responsibility Statement

The Directors are responsible for the preparation, in accordance with New Zealand law and relevant financial reporting and accounting standards, of the consolidated financial statements which fairly present the financial position of Motor Trade Association Incorporated (MTA) and its subsidiaries (together the "Group") as at 30 June 2025 and the results of their operations and cash flows for the year ended 30 June 2025. The Directors have responsibility for the maintenance of a system of internal control designed to provide reasonable assurance as to the integrity and reliability of financial reporting. The Directors consider that adequate steps have been taken to safeguard the assets of the Group and to prevent and detect fraud and other irregularities. The Directors are pleased to present the consolidated financial statements of the Group for the year ended 30 June 2026. Page Page 19 1 20 2 21 3 22 4 5 23 624 - 18 1940 - 20

Directors’ Directors’Responsibility Responsibility Statement Statement Consolidated Consolidated Statement Statement of of Comprehensive Comprehensive Income Income Consolidated Consolidated Statement Statement of of Financial Financial Position Consolidated Consolidated Statement Statement of of Changes Changes in in Members’ Members' Funds Consolidated Cash Cash Flow Flow Statement Statement Consolidated Notesto tothe theConsolidated Consolidated Financial Financial Statements Notes Independent Auditor’s Auditor's Report Report Independent

Additional Information Registered Office: Level 5, AIA Tower 34 Manners Street Wellington 6011 New Zealand

The consolidated financial statements were authorised for issue for and on behalf of the Directors on 15 October 2026.

S C Saunders President

G J Woolford Director

Postal address: PO Box 9244 Wellington 6141 New Zealand Tel: 04 385 8859

Motor Trade Association | Annual Report 2026

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Page 1

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Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended 30 June 2026

CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 30 June 2026 MTA Group

MTA Group Note Revenue Membership revenue Other revenue Software and associated sales

2a 2a 2a 2a

Cost of sales Software and associated cost of sales

Gain on financial instruments at fair value through profit or loss Other gains and losses Employee expense Amortisation expense Depreciation expense - ROU assets Depreciation expense - Fixed assets Finance costs - Lease liabilities Finance costs - Others Other expenses Loss before share of associate's net profit and income tax expense Income tax expense Loss after income tax credit/(debit) and before share of associate's net profit Share of associate net profit (Loss)/profit attributable to members' funds

2b (i) 2b (ii) 11 19 10 20 3 8 (a) 9

Other comprehensive income Exchange differences on translation of foreign operations Other comprehensive income after tax attributable to members

Total comprehensive (loss)/income after tax attributable to members

2026 NZ$'000

4,190 1,241 11,886 17,317

2025 NZ$'000

3,846 2,558 11,510 17,914

(2,755) 14,562

(2,380) 15,534

3,214 34 (12,696) (1,394) (610) (375) (45) (7) (6,739) (4,056) (39) (4,095) 3,666 (429)

3,087 15 (13,117) (1,610) (584) (377) (68) (104) (7,050) (4,274) 6 (4,268) 3,835 (433)

(9) (9)

6 6

(438)

(427)

2026 NZ$'000

2025 NZ$'000

2,721 2,183 52 137 5,093

2,291 2,267 52 181 4,791

34,483 24,277 516 318 86 28 8,691 68,399

34,918 23,811 630 733 113 25 8,230 68,460

73,492

73,251

119 1,675 30 16,537 94 343 1,266 20,064

118 1,837 6 15,398 93 566 1,097 19,115

157 157

213 214 427

Total liabilities

20,221

19,542

Net assets

53,271

53,709

64 53,207 53,271

73 53,636 53,709

Note Current assets Cash and cash equivalents Trade and other receivables Capitalised installed costs Inventories Total current assets

4 5 7

Non-current assets Other financial assets Investment in associate Property, plant and equipment Right of use assets Capitalised installed costs Deferred tax assets Intangibles Total non-current assets

6 9 10 19 8 (c) 11

Total assets Current liabilities Subscriptions invoiced in advance Trade and other payables Current tax liabilities Other financial liabilities Unearned contract income Lease liabilities Other liabilities Total current liabilities

12 8 (b) 13 20 14

Non-current liabilities Unearned contract income Lease liabilities Total non-current liabilities

Members' funds Reserves Retained earnings Total members' funds

16 17

Approved for issue for and on behalf of the Board:

The Accounting Policies and the Notes to the Consolidated Financial Statements on pages 24 to 36 form an integral part of these Consolidated Financial Statements. The Accounting Policies and the Notes to the Consolidated Financial Statements on pages 6 to 20 form an integral part of these Consolidated Financial Statements.

S C Saunders President 15-Oct-26

G J Woolford Director 15-Oct-26

Motor Trade Association | Annual Report 2026

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Page 2

Page 3

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Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP CONSOLIDATED CASH FLOW STATEMENT For the year ended 30 June 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP CONSOLIDATED STATEMENT OF CHANGES IN MEMBERS' FUNDS For the year ended 30 June 2026 MTA Group

Note Balance as at 1 July 2024 Other comprehensive income Loss attributable to members' funds Balance at 30 June 2025

Other comprehensive income Loss attributable to members' funds

Balance at 30 June 2026

Special funds NZ$'000

MTA Group

Foreign currency translation reserve

2026 NZ$'000

2025 NZ$'000

14,471 22 1,671 (19,677) (28) (7) (39) (3,587)

13,589 60 182 (19,994) (183) (6,346)

34 (261) (1,855) 4,629 (1,053) 3,201 4,695

15 (365) (2,750) 7,268 (1,232) 3,200 6,136

(633) (45) (678)

(595) (68) (663)

Net (decrease)/increase in cash and cash equivalents

430

(867)

Cash and cash equivalents at the beginning of the year

2,291

3,158

2,721

2,291

2026 NZ'000 14,570 (12,344) (555) 1,671

2025 NZ'000 11,173 (11,429) 439 182

Note

NZ$'000

Retained earnings NZ$'000

Total NZ$'000

89 89

(22) 6 (16)

54,069 (433) 53,636

54,136 6 (433) 53,709

(9) -

(429)

(9) (429)

(25)

53,207

53,271

The Financial Statements Statements on onpages pages 624 form integral part these Consolidated Financial Statements. The Accounting Accounting Policies Policies and and the the Notes Notes to to the the Consolidated Consolidated Financial toto 2036 form anan integral part of of these Consolidated Financial Statements.

Cash flows from operating activities Receipts from customers and members Proceeds from branch advances Interest received Net sales of gift vouchers and gift cards (refer to breakdown below) Payments to suppliers and employees GST paid Interest and other costs of finance paid Income tax received/(paid) Net cash used in operating activities Cash flows from investing activities Proceeds from sale of property, plant and equipment Payments for property, plant and equipment Payments for intangible assets Sales of investments Purchase of investments Dividends received Net cash provided by investing activities Cash flows from financing activities Principal payments lease liability Finance costs - lease liability Net cash used in financing activities

Cash and cash equivalents at the end of the year

Note A Gift voucher and gift card receipts / (payments): - Gift Voucher sales (Note 1(g): Gift vouchers in circulation) - Gift Voucher redemptions (Note 1(g): Gift vouchers in circulation) - Gift Card net receipts/(payments) (Note 1(g): Gift cards in circulation) Net (redemptions) sales of gift vouchers and gift cards

The Accounting Policies to to 2036 form anan integral part of of these Consolidated Financial Statements. The Accounting Policies and and the the Notes Notes to to the the Consolidated ConsolidatedFinancial FinancialStatements Statementson onpages pages624 form integral part these Consolidated Financial Statements.

Motor Trade Association | Annual Report 2026

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Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026 1. Summary of accounting policies (continued)

1. Summary of accounting policies Reporting entity Motor Trade Association Incorporated ("MTA") is incorporated under the Incorporated Societies Act 2022, and its subsidiaries (together the "Group") under the Companies Act 1993. Its principal products and services relate to providing support and benefits to its members who operate in the motor industry within New Zealand. In addition to AABSL Limited, the AABSL group also includes SAM Computer Systems Limited (SAM), Systime Automotive Solutions (SAS), TSI SAM PTY Ltd and TSI Systime PTY Ltd. These companies provide software and software related services including licensing, support, maintenance, implementation, customisations and training. Statement of compliance The financial statements for the year ended 30 June 2026 have been prepared in accordance with Generally Accepted Accounting Practice in New Zealand ("NZ GAAP"). The Group is eligible for, and has elected to, report in accordance with Tier 2 New Zealand International Financial Reporting Standards Reduced Disclosure Regime ("NZ IFRS RDR") on the basis that the Group has no public accountability and is not a large for-profit public sector entity. The Group has taken advantage of a number of disclosure concessions.

Basis of preparation The consolidated financial statements have been prepared on the basis of historical cost, except for the revaluation of certain non-current assets and financial instruments outlined below. Cost is based on the fair value of the consideration given in exchange for assets. Accounting policies are selected and applied in a manner which ensures that the resulting financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the underlying transactions or other events is reported. The accounting policies set out below have been applied in preparing the consolidated financial statements for the year ended 30 June 2026. The presentational and functional currency is New Zealand Dollar (NZ$). The amounts in the consolidated financial statements are rounded to the nearest thousand dollar ($'000). Critical judgments in applying the entity’s accounting policies In the application of the group accounting policies the Directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the year in which the estimate is revised if the revision affects only that year or in the year of the revision and future years if the revision affects both current and future years. The following judgements have been made in preparation of the consolidated financial statements for the year ended 30 June 2026 which have the most significant effect on the consolidated financial statements (except for those involving estimations which are dealt with below): - Useful lives of tangible and intangible assets. - Recoverability of debtors / doubtful debts provision, considered using historical delinquency rate and expected credit losses overlay as required by IFRS 9. Refer to Note 5. - Classification of investment in Dekra New Zealand Limited. Refer to Note 9. - Valuation of the Put/Call option for DEKRA New Zealand shares. Refer to Note 9. Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty at the balance date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows: - Value in Use of Intangible Assets with Indefinite Useful Lives : The Group assesses annually whether intangible assets with indefinite useful lives are impaired in accordance with NZ IAS 36 Impairment of Assets. The recoverable amount of these assets is determined based on value in use calculations, which require the use of significant management judgement and estimation. - Gift vouchers : per Note 1(g), the gift vouchers in circulation are recognised as a liability. Annually, the Board approves a write back to profit a portion of unredeemed gift vouchers based on an estimate of those that are unlikely to be redeemed. The value of the liability and estimated write back may differ to actual redemptions. - Put/call option valuation: The Group holds financial instruments in the form of call and put options that are measured at fair value through profit or loss. The valuation of these derivative instruments involves significant judgment and estimation, particularly where observable market data is limited or unavailable. Notes 6 contains detailed information on the key assumptions used to determine the fair value of the put/call option, as well as an in-depth sensitivity analysis of these assumptions. The Board considers that the valuation techniques and assumptions it has utilized are suitable for determining the fair value of its financial instruments. Going concern The directors have, at the time of approving the consolidated financial statements, a reasonable expectation that the Group have adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the consolidated financial statements. Significant accounting policies The following significant accounting policies have been adopted in the preparation and presentation of the consolidated financial statements. (a) Principles of consolidation The Group consolidated financial statements are prepared by combining the consolidated financial statements of all the entities that comprise MTA Group, being MTA (the parent entity) and its subsidiaries. A list of subsidiaries appears in Note 22 to the consolidated financial statements. Consistent accounting policies are employed in the preparation and presentation of the consolidated financial statements. Control is achieved when MTA: - has power over the investee; - is exposed, or has rights, to variable returns from its involvement with the investee; and - has the ability to use its power to affect its returns. MTA reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above. Intangible assets Intangible assets not yet ready for use and intangible assets with indefinite useful lives are not subject to amortisation and are therefore tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. For impairment assessment purposes, assets are generally grouped at the lowest levels for which there are largely independent cash flows ('cash generating units'). Accordingly, most assets are tested for impairment at the cash-generating unit level. Assets other than intangible assets not yet ready for use and intangible assets with indefinite useful lives are assessed for impairment whenever events or circumstances arise that indicate the asset may be impaired. An impairment loss is recognised when the carrying amount of an asset or cash generating unit exceeds the asset's or cash generating unit's recoverable amount. The recoverable amount of an asset or cash generating unit is defined as the higher of its fair value less costs to sell and value in use (where ‘value in use’ is determined as the present value of the future cash flows expected to be derived from an asset or cash-generating unit). Impairment losses in respect of individual assets are recognised immediately in profit or loss unless the asset is measured at a revalued amount, in which case the impairment loss is treated as a revaluation decrease and is recognised in other comprehensive income to the extent that it does not exceed the amount in the revaluation surplus for the same asset. Impairment losses in respect of cash generating units are allocated first against the carrying amount of any goodwill attributed to the cash generating unit with any remaining impairment loss allocated on a pro rata basis to the other assets comprising the relevant cash generating unit. A reversal of an impairment loss for an asset measured at cost is recognised in profit or loss. A reversal of an impairment loss for an asset measured at a revalued amount is treated as a revaluation increase and is recognised in other comprehensive income, except to the extent that an impairment loss on the same asset was previously recognised in profit or loss, in which case a reversal of that impairment loss is also recognised in profit or loss.

Subsidiaries The consolidated financial statements include the information and results of each subsidiary from the date on which MTA obtains control and until such time as MTA ceases to control such subsidiary. In preparing the consolidated financial statements, all inter-company balances and transactions, and unrealised profits arising within MTA Group are eliminated in full. Investments in associates An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies. The results and assets and liabilities of associates are incorporated in the Group consolidated financial statements using the equity method of accounting. Under the equity method, investments in associates are initially carried in the consolidated Statement of Financial Position at cost, and adjusted thereafter for the change in the Group's share of net assets of the associate and any impairment. Dividends received from an associate are recognised as a reduction in the carrying amount of the investment.

The carrying amount of investments in associates is assessed at each reporting date for objective evidence or indicators of impairment. Where such evidence or indicators exist, the recoverable amount of the investment is determined and an impairment loss is recognised where the carrying amount exceeds the recoverable amount

| 24

Membership subscriptions Membership subscriptions are recognised over the subscription period for services provided to members. Membership subscriptions invoiced in advance for the new subscription year are recorded in the Consolidated Statement of Financial Position as a liability. Membership subscriptions are recognised over time. Sale of Software and associated services (licencing, instillation, support, maintenance and right to upgrade) SAM Computers Systems ("SAM") Limited offers 4 distinct software products (AUXO Workshop, SAM, Orion and Synergy). It sells licenses, implementation and support. Sometimes these are sold as individual items and other times they are sold as a package. NZ IFRS15 establishes 2 methods for recognising revenue: either over time or at a point in time. A performance obligation is satisfied over time if one of the following conditions is met:

The consolidated financial statements were authorised for issue by the Directors on 15th October 2026.

Motor Trade Association | Annual Report 2026

(b) Revenue recognition Sale of goods Revenue from the sale of goods is recognised when the Group has transferred control of the goods to the buyer.

Page 6

a) the customer simultaneously receives and consumes the benefits provided by the entity's performance as the entity performs. b) the entity's performance creates or enhances an asset (e.g. work in progress) that the customer controls as the asset is created or enhanced. c) the entity's performance does not create an asset with alternative use to the entity and the entity has an enforceable right to payment for performance completed to date. Where SAM software and implementation are sold outright or rented monthly, revenue is taken at a point in time. For SAM software support (which is optional), revenue is taken over time (in line with the delivery of the support obligation). AUXO workshop is sold on a SaaS subscription basis and revenue is recognised monthly. Orion and Synergy software differs to SAM in that the support is compulsory. This means that the licencing, implementation and support are viewed as a single performance obligation. As such, revenue is taken over time in line with the delivery of this combined performance obligation. Systime Automotive Solutions Limited ("SAS") offers the Keyloop Autoline product, with the customers having the option of outright purchase or a monthly rental. While SAS sells the licencing, installation and support of the Keyloop Autoline product, it does not own the underlying software. It is considered to be a principal and not an agent as SAS controls the implementation, upgrades and support of the software. The software is provided as part of an integrated solution or service to the end customer. Keyloop Autoline is sold as a solution which incorporates licencing, implementation and support, as such this is viewed as a single performance obligation and revenue is taken over time in line with the expected contract life (which equates to an anticipated period of required support). Dividend and interest income Dividend income is recognised on a receivable basis when the shareholder's right to receive payment has been established, except where received from an associate. Interest income is recognised on a time proportionate basis that takes into account the effective yield on the financial asset. (c) Foreign currency transactions All foreign currency transactions during the financial year are brought into account using the exchange rate in effect at the date of the transaction. Foreign currency monetary items at reporting date are translated at the exchange rate existing at reporting date. Exchange differences on monetary items are recognised in the Consolidated Statement of Comprehensive Income in the year in which they arise. (d) Goods and services tax Revenues, expenses and assets are recognised net of the amount of goods and services tax (GST), except for receivables and payables which are recognised inclusive of GST. Cash flows are included in the Consolidated Cash Flow Statement on a net basis. The GST component of cash flows arising from investing and financing activities which is recoverable from, or payable to the taxation authority is classified as operating cash flows. (e) Cash and cash equivalents Cash and cash equivalents comprise cash on hand, cash in banks and investments in money market instruments, net of any outstanding bank overdrafts. (f) Inventories Inventories are valued at the lower of cost and net realisable value, on a first in first out basis. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distributing. (g) Financial Instruments Financial assets and financial liabilities are recognised in the Group’s consolidated statement of financial position when the Group becomes a party to the contractual provisions of the instrument. Financial Assets Financial assets are classified into two measurement categories. Those at fair value and those at amortised cost. The classification of financial assets depends on the business model in which the financial instruments are measured.

Financial assets through fair value profit or loss Investments held at fair value through profit or loss are measured initially at fair value excluding any transaction costs. Transaction costs on financial assets and financial liabilities at fair value through profit or loss are expensed immediately. Subsequent to initial recognition, all instruments at fair value through profit or loss are measured at fair value with changes in their fair value recognised in profit or loss. Financial assets at amortised cost (a) the financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and (b) the contractual terms of the financial asset give rise on specified date to cash flows that are solely payments of principal and interest on the principal amount outstanding. Any impairment loss is recognised through the profit and loss in the Consolidated Statement of Comprehensive Income. The impairment allowance on receivables is assessed based on historical delinquency rates and losses. Bad debts are written off when identified. Impairment of financial assets The Group recognises an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss and other comprehensive income. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). For trade receivables, the Group applies a simplified approach in calculating ECLs. Therefore, the Group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date.

Derecognition of financial assets The Group derecognises a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. If the Group neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Group recognises its retained interest in the asset and an associated liability for amounts it may have to pay. If the Group retains substantially all the risks and rewards of ownership of a transferred financial asset, the Group continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds received. On derecognition of a financial asset measured at amortised cost, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognised in profit or loss. Financial liabilities A financial liability is classified as a financial liability at fair value through profit or loss if it meets one of the following conditions: - It is held for trading, or - It is designated by the entity as at fair value through profit or loss (note that such a designation is only permitted if specified conditions are met). A financial liability is held for trading if it meets one of the following conditions: - It is incurred principally for the purpose of repurchasing it in the near term, or - On initial recognition it is part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking, or - It is a derivative (except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument).

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Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026

1. Summary of accounting policies (continued)

Financial liabilities at amortised cost: Financial liabilities at amortised cost are initially recognised at fair value plus or minus transaction costs that are directly attributable to the acquisition of the financial liability and subsequently measured at amortised cost.

Derecognition of intangible assets An intangible asset is derecognised on disposal, or when no future economic benefits are expected from use or disposal. Gains or losses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognised in profit or loss when the asset is derecognised.

Interest and dividends Interest and dividends are classified as expenses or as distributions of profit consistent with the Consolidated Statement of Financial Position classification of the related debt or equity instruments. Payables Trade payables and other accounts payable are recognised at amortised cost when the Group becomes obliged to make future payments resulting from the purchase of goods and services. Gift vouchers in circulation The liability represents the face value of gift vouchers sold less those redeemed and less an estimate of those gift vouchers that will never be redeemed. Gift cards in circulation The liability represents the amount initially loaded onto the gift card when it was activated less the amount redeemed. Derecognition of financial liabilities The Group derecognises financial liabilities when, and only when, the Group’s obligations are discharged, cancelled or have expired. The difference between the carrying amount of the financial liability derecognised and the consideration paid and payable is recognised in profit or loss. (h) Property, plant and equipment Plant and equipment, motor vehicles, leasehold improvements, furniture and fittings and equipment are stated at cost less accumulated depreciation and impairment. Cost includes expenditure that is directly attributable to the acquisition of the item. Depreciation is calculated on a straight line basis so as to write off the cost of each asset over its expected useful life to its estimated residual value. Leasehold improvements are depreciated over the period of the lease or estimated useful life, whichever is the shorter, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each annual reporting period. The following estimated useful lives are used in the calculation of depreciation: - Motor vehicles - Furniture, fittings and equipment

3 years 2-10 years

An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in profit or loss. (i) Leases The Group has reviewed its contracts to see if they are or contain a lease. Where a lease exists the Group has created a right-of-use asset with a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short term leases (defined as leases with a lease term of less than 12 months) and leases of low value assets. For these leases the group recognises the lease payments as an operating expense on a straight line basis over the term of the lease, unless another systematic basis is more representative of the time pattern in which the economic benefit from the leased assets are consumed. The lease liability is initially measured at the present value of the lease payments, that are not paid at the commencement date, discounted using the rate implicit in the lease. If this rate cannot be readily determined the Group uses its incremental borrowing rate (IBR). The IBR is defined as the rate of interest that the lessee would have to pay to borrow over a similar term and with a similar security the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment. For the implementation of the standard the Group used an incremental borrowing rate based on commercial mortgages from ANZ (the Groups transactional banker), for an equivalent term and asset type. Lease payments included in the measurement of the lease liability comprise: Lease payments included in the measurement of the lease liability comprise: - Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable; - Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; - The amount expected to be payable by the lessee under residual value guarantees; - The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and - Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability is presented as a separate line in the Consolidated Statement of Financial Position. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Group remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: - The lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. - The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used). - A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification. The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses. Whenever the Group incurs an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, a provision is recognised and measured under NZ IAS 37. To the extent that the costs relate to a right-of use asset, the costs are included in the related right-of-use asset, unless those costs are incurred to produce inventories. Right-of-use assets are depreciated over the shorter period of lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Group expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease. The right-of-use assets are presented as a separate line in the consolidated statement of financial position. (j) Intangible assets Internally generated intangible assets. Expenditure on research activities is recognised as an expense in the period in which it is incurred. An internally generated asset arising from development is recognised if, and only if, all of the following conditions have been demonstrated: - the technical feasibility of completing the intangible asset so that it will be available for use or sale; - the intention to complete the intangible asset and use it or sell it; - the ability to use or sell the intangible asset; - how the intangible asset will generate probable future economic benefit; - the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and - the ability to measure reliably the expenditure attributable to the intangible asset during its development.

1. Summary of accounting policies (continued) (k) Impairment of tangible and intangible assets At each reporting date, the Group reviews the carrying amounts of its property, plant and equipment and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified. Intangible assets (including goodwill) with an indefinite useful life are tested for impairment at least annually and whenever there is an indication at the end of a reporting period that the asset may be impaired. The recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash‑generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash‑generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease and to the extent that the impairment loss is greater than the related revaluation surplus, the excess impairment loss is recognised in profit or loss. Any impairment is first allocated to goodwill and any excess is allocated to the remaining assets in the CGU. Where an impairment loss subsequently reverses (other than goodwill), the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss to the extent that it eliminates the impairment loss which has been recognised for the asset in prior years. Any increase in excess of this amount is treated as a revaluation increase. For the AABSL group acquisition SAM and SAS are both cash generating units, and are both subject to at least annual impairment testing. (l) Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. Current tax Current tax is calculated by reference to the amount of income taxes payable or recoverable in respect of the taxable profit or tax loss for the year. It is calculated using tax rates and tax laws that have been enacted or substantively enacted by the reporting date. Current tax for current and prior years is recognised as a liability (or asset) to the extent that it is unpaid (or refundable). MTA is liable for taxation to the extent that MTA generates income from trading activities. The activities of MTA Group Investments Limited (MGIL) and the AABSL group (including SAM Computer Systems Limited & Systime Automotive Solutions Limited and their subsidiaries) are taxed as normal trading entities. Deferred tax Deferred tax is accounted for using the comprehensive balance sheet liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax base of those items. In principle, deferred tax liabilities are recognised for all taxable temporary differences. However, deferred tax assets and liabilities are not recognised if the temporary differences giving rise to them arise from the initial recognition of assets and liabilities (other than as a result of a business combination) which affects neither taxable income nor accounting profit. Furthermore, a deferred tax liability is not recognised in relation to taxable temporary differences arising from goodwill. Deferred tax liabilities are recognised for taxable temporary differences arising on investments in subsidiaries except where the Group is able to control the reversal of the temporary differences and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with these investments and interests are only recognised to the extent that it is probable that there will be sufficient taxable profits against which to utilise the benefits of the temporary differences and they are expected to reverse in the foreseeable future. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the period(s) when the asset and liability giving rise to them are realised or settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the reporting date. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset when they relate to income taxes levied by the same taxation authority and the Group intends to settle its current tax assets and liabilities on a net basis. Current and deferred tax for the year Current and deferred tax is recognised as an expense or income in profit or loss except when it relates to items credited or debited directly to equity, in which case the deferred tax is also recognised directly in equity, or where it arises from the initial accounting for a business combination, in which case it is taken into account in the determination of goodwill or excess. (m) Employee benefits Provision is made for benefits accruing to employees in respect of wages and salaries, annual leave, long service leave, and sick leave when it is probable that settlement will be required and they are capable of being measured reliably. Provisions made in respect of employee benefits expected to be settled within 12 months, are measured at their nominal values using the remuneration rate expected to apply at the time of settlement. Provisions made in respect of employee benefits which are not expected to be settled within 12 months are based on the future estimated cash outflows to be made by the Group in respect of services provided by employees up to reporting date. Defined contribution plans Contributions to defined contribution superannuation plans are recognised as an expense when the employees have rendered service entitling them to the contributions. (n) Provisions Provisions are recognised when the Group has a present obligation as a result of a past event, the future sacrifice of economic benefits is probable, and the amount of the provision can be measured reliably. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows. (o) Cash Flow Statement The definition of the terms used in the Consolidated Cash Flow Statement is as follows:

The amount initially recognised for internally generated assets is the sum of expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above.

Operating activities Operating activities are the principal revenue producing activities and other activities that are not investing or financing activities. Interest received and interest paid are included in operating activities (except for interest paid on building leases which is classified as financing activities).

Where no internally generated intangible asset can be recognised, development expenditure is recognised in the profit and loss in the period in which it is incurred. Subsequent to the initial recognition, internally generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.

Investing activities Investing activities are those activities relating to the acquisition, holding and disposal of property, plant and equipment, intangible assets, managed fund units and investment properties. Dividends received are included in investing activities.

Intangible assets acquired in a business combination. Intangible Assets acquired in a Business Combination and recognised separately from goodwill are recognised initially at their fair value at the acquisition date. Subsequent to the initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation (for finite-lived assets) and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.

Financing activities Financing activities are those activities that result in changes in the size and composition of the capital structure of the Group. This includes debt not falling within the definition of cash. Both interest and non interest payments on building lease are classified as financing activities.

For the AABSL acquisition, the SAM, Orion and Synergy software assets have been assessed as having finite useful lives of five years and are amortised on a straight-line basis over that period. All other identified intangible assets (including customer relationships, brands, and the exclusive distribution agreement) have been assessed as having indefinite useful lives, reflecting management’s expectation that these assets will contribute to cash flows for the foreseeable future without a determinable limit. In accordance with NZ IAS 36, such indefinite-life intangible assets are not amortised but are tested annually for impairment, or more frequently if indicators of impairment arise.

(p) Standards or interpretations effective in the current period In the current year, the Group has adopted all mandatory new and amended standards.

Intangible assets acquired separately. Intangible Assets with finite lives that are acquired separately are carried at cost less accumulated amortisation and impairment losses. Amortisation is recognised on a straight line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with an indefinite useful lives that are acquired separately are carried at cost less accumulated impairment losses.

Motor Trade Association | Annual Report 2026

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Page 8

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27 |

Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026

2. Revenue

MTA Group 2026 NZ$'000

(a) Revenue Member Revenue Membership subscriptions Other membership revenue Other Revenue Sales of goods Sales of services Interest revenue Commissions Other Donee Income

4. Cash and cash equivalents

MTA Group 2026 NZ$'000

2025 NZ$'000

3,615 575 4,190

3,144 702 3,846

Cash on hand and bank deposits

278 39 22 582 311 9 1,241

315 8 60 343 242 1,590 2,558

5. Trade and other receivables

The Donee Income amount of $1,590k in the 2025 consists of two amounts being $1.206m gifted to Motor Trade Association Inc by the Motor Trade Association Northern Region following the dissolution of the later on the 30th June 2025, and secondly $384k being the de-recognition of a liability for Region Funds (contribution from branches) which the group has held on its balance sheet since 2017 but for which the Board of Directors believe now that no obligation is owing.

2,721 2,721

MTA Group 2026 NZ$'000 1,774 (64) 1,710 473 2,183

Trade receivables Provision for expected credit loss Prepayments

2,291 2,291

2025 NZ$'000 1,813 (33) 1,780 487 2,267

The average credit period on sales of goods and services is 30 days (2025: 30 days).

Software & Associated Sales Software & Associated Sales:

Total revenue

11,886 11,886

11,510 11,510

17,317

17,914

MTA Group 2026 NZ$'000

(b) i. Gains and losses on financial instruments at fair value through profit and loss

Realised/unrealised gain from investment funds Net revaluation gain/(loss) of put and call options

Note 1(s)

3,693 (479) 3,214 MTA Group 2026 NZ$'000

ii. Other gains and losses

Net gain on sale of property, plant and equipment

34 34

3. Other expenses

MTA Group 2026 NZ$'000

Audit of the financial statements Bad debts recovered Directors' fees General expenses Consultants Regional expenses Subscriptions and memberships Software support Gift voucher + card costs Technology costs MTA products costs WoF training costs Insurance Rental costs Legal fees Other accounting and taxation services Marketing expenses Repairs and maintenance Vehicle and travel costs

2025 NZ$'000 2,673 414 3,087

2025 NZ$'000 15 15

Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for impairment of trade receivables is established using a forward-looking expected credit loss model which requires expected credit losses to be returned on a 12 month or life time basis. The credit loss is the difference between all contractual cash flows that are due and all cash flows expected to be received, discounted at the original effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account, and the amount of the loss is recognised in profit or loss. When a trade receivable is uncollectible, it is written off against the allowance account for trade receivables. Subsequent recoveries of amounts previously written off are credited in profit or loss. The expected credit losses have been assessed as negligible.

6. Other financial assets

MTA Group 2026 NZ$'000

Investments held with fund managers: Financial assets at fair value through profit or loss Put and call options: Financial assets at fair value through profit or loss

The following table shows the fair value hierarchy: 2025 NZ$'000

164 43 786 1,242 391 202 373 224 668 491 489 2 131 81 232 118 376 140 586

182 (3) 809 871 464 432 418 243 683 680 447 3 134 104 92 131 515 261 584

6,739

7,050

2026 Managed funds Put and call options

31,254 3,664 34,918

Level 1 NZ$’000

Level 2 NZ$’000

Level 3 NZ$’000

Total NZ$’000

31,298 31,298

3,185 3,185

31,298 3,185 34,483

Level 1 NZ$’000

Level 2 NZ$’000

Level 3 NZ$’000

Total NZ$’000

31,254 31,254

3,664 3,664

31,254 3,664 34,918

MTA Group 2026 NZ$'000

2025 NZ$'000

3,185 3,185

3,664 3,664

MTA Group 2026

2025

MTA Group 2025 Managed funds Put and call options

Put and Call Options:

Other financial assets: Financial Instrument

Key Inputs

30 June 2026 30 June 2025 Assumed exercised Assumed exercised midway through the midway through the year. year. $42.5m $34.1m

Opening Price Risk-free rate: 1 Year 2 Year 5 Year 10 Year Share price volatility Estimated EBIT multiple Duration Base interest rate

Page 10

31,298 3,185 34,483

MTA Group

Exercise Date

| 28

2025 NZ$'000

MTA values its option and managed funds investments at fair value and classifies its financial assets in the following fair value measurement hierarchy: Level 1 - Quoted prices unadjusted in active markets for identical assets. Level 2 - Inputs that are observable for the asset either directly or indirectly. Level 3 - Inputs for asset that are not based on observable market data.

Valuation Date

Motor Trade Association | Annual Report 2026

2025 NZ$'000

4.36% 2.87% 3.31% 4.36% 15.0% 6.0x 20 years 3.0%

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3.25% 3.31% 3.86% 4.53% 15.0% 6.0x 20 years 3.0%

Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026

6. Other financial assets (continued)

MTA Group 2026 NZ$'000

Sensitivities Volatility: 5% 15% 30% 45%

Category Valuation period Discount Rate (WACC) Terminal Value Method Financial Forecasts

3,689 3,161 3,200 3,460

2025 30 June 2025 Fixed rate of 15.5% No change Updated forecasts for 2025, including revenue, expenses, and free cash flow

30 June 2026 Fixed rate of 15.5% No change

4,287 3,665 3,827 4,758

Enterprise Value Range

$82.6m – $92.6m (2025)

$77.93m – $91.64m (2026)

Option Value Estimate

$3.7m (2025)

$3.2m (2026)

Model used Simulations

No change No change

Combined derivative

No change

Exercise date

No change

Current price

The opening price for the 30 June 2025 Valuation is $34.1m.

The opening price for the 30 June 2026 Valuation is $33.1m.

Risk-free rate

No change

Volatility Forward EBIT multiple Duration of the Options Completion adjustments

No change No change No change No change

2025 NZ$'000

2 (32) (32)

Tax refund receivable Tax payable

(6) (6)

MTA Group

Taxable and deductible temporary differences arise from the following: 2026 Gross deferred tax liabilities: Capitalised installation costs Intangible assets Lease assets Other

Updated forecasts for 2026, including revenue, expenses, and free cash flow Updated for 2026 enterprise value and equity assumptions

MTA Group 2026 NZ$'000

(b) Current tax assets and liabilities

2026

Updated for 2025 enterprise value and equity assumptions

Option Valuation Inputs

8. Taxation (continued) 2025 NZ$'000

Gross deferred tax assets: Property, plant and equipment Intangible assets Employee entitlements Accrued expenses Doubtful debts and impairment losses Gift Vouchers Lease liabilities Deferred revenue Tax losses Other Deferred tax not recognised

Net deferred tax asset

Opening balance NZ$’000

Charged to income NZ$’000

Closing balance NZ$’000

(37) (585) (163) (28) (813)

4 38 101 28 171

(33) (547) (62) (642)

52 78 238 4 7 648 174 78 3,225 (3,666) 838

(29) (803) (49) (2) 9 47 (109) (14) 1,081 (299) (168)

23 (725) 189 2 16 695 65 64 4,306 (3,965) 670

28 MTA Group

7. Inventories

MTA Group 2026 NZ$'000

Finished goods at cost

137 137

2025 NZ$'000 181 181

Stock is carried at cost on a FIFO basis. The carrying value of is net of $43k (2025: $50k) obsolete stock written off as part of the financial year end review.

8. Taxation

MTA Group 2026 NZ$'000

(a) Income tax recognised in the Consolidated Statement of Comprehensive Income Tax (credit)/expense comprises: Current tax expense Deferred tax expense/(income) relating to the origination and reversal of temporary differences Adjustments for deferred tax recognised in prior years Adjustments recognised in the current year in relation to the current tax of prior years Deferred tax not recognised Income tax expense

(595) (20) 345 11 297 38

2025 NZ$'000 (214) (815) 140 (24) 907 (6)

The prima facie income tax expense on pre-tax accounting loss from operations reconciles to the income tax expense in the consolidated financial statements as follows: Loss before share of associate's profit and income tax expense Income tax (credit) calculated at 28% Non-deductible expenses and non-assessable income Non-deductible/(non-assessable) revaluation gain/(loss) of put and call options Other Current year deferred tax not recognised

Net deferred tax asset (4,056) (1,136) 1,864 (1,340) 113 (499) 540 (3) 38

Under/(over) provision of income tax in previous year Impact of difference in tax rate

2025 Gross deferred tax liabilities: Capitalised installation costs Intangible assets Lease assets Other

The tax rate used for current tax provisioning and movement in deferred tax balances, in the above reconciliation, is the corporate tax rate of 28% payable by New Zealand entities on taxable profits under New Zealand law.

(4,274) (1,197) 1,210 (116) (926) 908 (121) 117 (2) (6) 0

Opening balance NZ$’000

Charged to income NZ$’000

Closing balance NZ$’000

(71) (674) (61) (48) (854)

34 89 (102) 20 41

(37) (585) (163) (28) (813)

83 38 220 5 9 702 67 133 2,372 (2,760) 869

(31) 40 18 (1) (2) (54) 107 (55) 853 (906) (31)

52 78 238 4 7 648 174 78 3,225 (3,666) 838

As at 30 June 2026, the Group has tax losses available to carry forward of $15.376m (2025: $10.69m). (d) Imputation credit account balances

MTA Group 2026 NZ$'000 24,781

Balance at end of the year

2025 NZ$'000 22,197

9. Investment in associate companies MTA Group Investments Limited ('MGIL') is a wholly owned subsidiary of MTA. MGIL holds a 40% equity interest in Dekra New Zealand Limited ('Dekra NZ' or the 'investment'). The investment is accounted for using the equity method in these consolidated financial statements as set out in the Group’s accounting policies in Note 1(a). Pursuant to a shareholder agreement, the Company has the right to cast 40 per cent of the votes at shareholder meetings of Dekra NZ. For the purposes of applying the equity method of accounting, the financial statements of Dekra NZ for the year ended 31 December 2024 have been used, and appropriate adjustments have been made for the effects of share of profits between that date and 30 June 2025, and this has been done consistently in prior periods. No of shares held

Percentage held

Associate: Investment in Dekra NZ (Opening Balance) Add : share of associate's net profit for the year Less : dividends received from associate for the year Investment in Dekra NZ (Closing Balance)

4,560,040

40%

4,560,040

40%

MTA Group 2026 NZ$'000

2025 NZ$'000

23,811 3,666 (3,200) 24,277

23,176 3,835 (3,200) 23,811

MGIL has a put option to sell its shares to Dekra SE, while Dekra SE has a call option to purchase MGIL's shares in the investment (the 'Options'). The exercise price for both the Options is the enterprise value. The enterprise value is the average EBIT for the last two financial years, applied to a fixed earnings multiple. When an Option is exercised, the transfer of shares is deemed to occur on 1 January of the year the Option was exercised. MGIL is not entitled to any dividends attributable to the period after 1 January. The Options cannot be transferred to another party without agreement from both MGIL and Dekra SE, and the Dekra NZ shares cannot be sold by either party without the others approval. The Put and Call options have the same strike price and expiry term, and the Options are mutually exclusive in relation to each share (i.e. if MGIL exercises its Put option, the Call option effectively ceases on those shares). Given the matched terms of the Options and the mutually exclusive nature, MTA recognise the Options as one derivative, measured at fair value. At the 30th of June MTA assessed the fair value of the Put and Call options as $3.19m asset (2025: $3.66m) asset, with an accompanying net change to the P&L of -$0.48m (2025: $0.41m).

Motor Trade Association | Annual Report 2026

| 30

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Page 13

31 |

Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026

10. Property, plant and equipment

13. Other financial liabilities

MTA Group Furniture, fittings and equipment at cost NZ$’000

Total NZ$’000

297 30 (41) 286 107 (62) 331

1,497 337 (201) 1,633 154 (168) 1,619

1,794 367 (242) 1,919 261 (230) 1,950

Accumulated depreciation Balance at 1 July 2024 Disposals Depreciation expense Balance at 30 June 2025 Disposals Depreciation expense Balance at 30 June 2026

(169) 41 (76) (204) 62 (68) (210)

(983) 199 (301) (1,085) 168 (307) (1,224)

(1,152) 240 (377) (1,289) 230 (375) (1,434)

Net book value As at 30 June 2025 As at 30 June 2026

82 121

548 395

630 516

Motor vehicles at cost NZ$’000

Gross carrying amount Balance at 1 July 2024 Additions Disposals Balance at 30 June 2025 Additions Disposals Balance at 30 June 2026

Note

(a) Gift Vouchers : Gift vouchers in circulation Gift cards in circulation

(i) (ii)

MTA Group 2026 NZ$'000

2025 NZ$'000

16,486 51 16,537

14,456 941 15,397

1 1

16,537

15,398

(i) Gift vouchers in circulation represents the obligation in respect of gift vouchers still to be returned for redemption. (ii) Gift cards in circulation represents the obligation in respect of the unused balance on activated gift cards. (b) Others Advance from MTA branches Investment on behalf of MTA (Northern Region) Incorporated (formerly known as MTA Auckland Branch)

(iii)

Total other financial liabilities (iii) Earnings are debited or credited based on the net return from the investment portfolio's managed funds.

14. Other liabilities

Employee benefits

MTA Group 2026 NZ$'000

2025 NZ$'000

1,266 1,266

1,097 1,097

The Group tests tangible assets for signs of impairment annually, there were no signs of impairment. 15. Members' funds 11. Intangibles assets

Gross carrying amount Balance at 1 July 2024 Transfer from WIP to Software Additions (capitalised) from separate acquisitions Disposal Balance at 30 June 2025 Transfer from WIP to Software Additions Balance at 30 June 2026

Each general member is entitled to one voting right in MTA. The current number of general members at balance date is 3,967 (2025: 4,003).

MTA Group

Upon the winding up of MTA any property remaining after the satisfaction of all debts and the costs, charges, and expenses of the winding up, shall be transferred to such other association or organisation having objects similar to the objects of MTA or in such other manner as may be determined by the general meeting at which the winding up is approved.

Brand NZ$’000

Customer Relationship NZ$’000

Exclusive Distribution Arrangement NZ$’000

1,267 1,267 1,267

278 278 278

410 410 410

69 (2,773) 2,750 46 (1,764) 1,855 137

8,785 2,773 (22) 11,536 1,764 13,300

10,809 2,750 (22) 13,537 1,855 15,392

(3,719) (1,610) 22 (5,307) (1,394) (6,701)

(3,719) (1,610) 22 (5,307) (1,394) (6,701) -

1,267 1,267

278 278

410 410

46 137

6,229 6,599

8,230 8,691

Accumulated amortisation Balance at 1 July 2024 Amortisation expense Disposals Balance at 30 June 2025 Amortisation expense Balance at 30 June 2026 Net book value As at 30 June 2025 As at 30 June 2026

Work in Progress NZ$’000

Software NZ$’000

Total NZ$’000

16. Reserves

MTA Group 2026 NZ$'000 89 (25) 64

Special funds Foreign currency translation reserve (FCTR)

MTA Group 2026 NZ$'000

Special funds

Balance at beginning of the year Customer promise funds used during the year Balance at end of the year Made up of: Alternative Fuels Association Fund Consumer Promise Fund

2025 NZ$'000 89 (16) 73

2025 NZ$'000

89 89

1 88 89

Software is amortised over the expected useful life. Intangible assets not yet ready for use and those with indefinite useful lives are not subject to amortisation and are tested annually for impairment, or more frequently if indicators of impairment arise, in accordance with NZ IAS 36 Impairment of Assets. For impairment testing purposes, assets are grouped into cash-generating units (CGUs), which represent the lowest level at which largely independent cash inflows are generated. The recoverable amount of these assets is determined using value in use (VIU) calculations. These calculations are based on discounted cash flow projections prepared by management and approved by the Board of Directors over forecast periods considered appropriate for the underlying businesses. Key assumptions used in the VIU model include: - Revenue growth rates and gross margins based on historical performance and market expectations; - Terminal growth rate of 2.50%, which does not exceed the long-term average growth rate for the markets in which the CGUs operate; - Post-tax discount rate of 16.5% reflecting current market assessments of the time value of money and risks specific to CGUs.

Trade payables Goods and services tax payable

| 32

Page 14

(16) (9) (25)

MTA Group 2026 NZ$'000

Balance at beginning of the year Net profit/(loss) attributable to members Balance at end of the year

53,636 (429) 53,207

18. Commitments

MTA Group 2026 NZ$'000

2025 NZ$'000

1,681 (6) 1,675

1,815 22 1,837

No interest is charged on the trade payables unless the amounts payable fall overdue, at the discretion of the vendor. MTA Group has financial risk management policies in place to ensure that all payables are paid within the credit timeframe.

Motor Trade Association | Annual Report 2026

Balance at beginning of the year Exchange differences on translation of foreign operations Balance at end of the year

17. Retained earnings

Management has considered estimation uncertainty in accordance with NZ IAS 1. The available headroom is dependent on the achievement of forecast cash flows and the continued validity of assumptions used in the VIU models, including revenue growth, gross margins, and long-term cash flow generation. Management has concluded that no reasonably possible change in any individual key assumption would cause the recoverable amount to fall below the carrying amount of the related CGUs. However, adverse changes in revenue, gross margins, operating performance, market conditions or key assumptions beyond those considered reasonably possible, whether individually or in combination, could result in the recoverable amount of the related CGUs falling below their carrying amounts and an impairment loss being recognised in future periods.

12. Trade and other payables

MTA Group 2026 NZ$'000

Foreign currency translation reserve (FCTR)

The Group has invested in private equity and has the following uncalled capital commitments as outlined below: Private Equity Investments: Continuity Private Equity Fund No.4 LP Continuity Private Equity Fund No.5 Continuity Private Equity Fund No.6 LP Continuity Private Equity Fund No.7 Continuity Private Equity Fund No.8 LP CPE Capital - CPEC 9 (Feeder Trust 2) MLC Private Equity Co-investment Funds II MLC Private Equity Co-investment Funds III Pencarrow V Investment Fund LP Pencarrow VI Investment Fund LP Pioneer Capital Partners IV LP (PCP IV) Pioneer Capital Private Debt I LP Total capital committed

Page 15

33 |

2025 NZ$'000 (22) 6 (16)

2025 NZ$'000 54,069 (433) 53,636

MTA Group 2026 NZ$'000

2025 NZ$'000

167 61 624 222 710 560 152 61 89 520 216 225 3,607

207 83 840 345 900 625 134 95 89 785 251 368 4,722

Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026

19. Right-Of-Use Asset

23. Related party disclosures

Prior to 30 June 2025, MTA entered into agreements to lease in two locations, AIA House in Wellington, effective 1 February 2023 and Great South Road in Auckland, effective 1 August 2022. The table below discloses the gross carrying amount and accumulated depreciation for the Group.

Members of the group conduct transactions between themselves, as described below. There are no amounts receivable from related parties at balance date.

The AIA house lease was extended to January 2027 . MTA holds an option to extend for another year, this has not been included in the right-of-use calculation as no decision has been taken yet to exercise the extension option. The asset is depreciated on a straight line basis over the life of the lease.

Other transactions involving related parties The compensation of the Directors and executives, being the key management personnel of the entity, is set out below:

Prior to 30 June 2025 MTA entered into multiple equipment leases. The assets are depreciated on a straight line basis over the life of the leases. MTA Group Leased Equipment NZ$’000

Total NZ$’000

1,386 417 (709) 1,094 195 1,289 -

64 414 478 478 -

1,450 831 (709) 1,572 195 1,767 -

(948) (401) 709 (640) (433) (1,073)

(16) (183) (199) (177) (376)

(964) (584) 709 (839) (610) (1,449) -

454 216

279 102

733 318

Buildings NZ$’000

Gross carrying amount Balance at 30 June 2024 Additions Expired building lease contract Balance at 30 June 2025 Additions Expired equipment lease contract Balance at 30 June 2026 Accumulated depreciation Balance at 30 June 2024 Depreciation expense Expired building lease contract Balance at 30 June 2025 Depreciation expense Expired equipment lease contract Balance at 30 June 2026

Equity interest in subsidiaries Details of the percentage of ordinary shares held in subsidiaries are disclosed in Note 22 to the consolidated financial statements.

Net book value As at 30 June 2025 As at 30 June 2026

20. Lease liability The lease liability for the buildings has been calculated as the present value of the future lease payments. The incremental borrowing rate for this calculation was 7.25% and the annual rental is $478,333 (excluding GST) per annum (2025: 7.25% and $459,611 per annum). The equipment lease liability had been calculated as the present value of the future lease payments. The incremental borrowing rate for this calculation was 7.25% and the annual rental was $199,642 (excluding GST) per annum (2025: 7.25% and $208,127 per annum). MTA Group 2026 NZ$'000

Lease liability Current Non Current Lease Liability

2025 NZ$'000

343 343

Contractual maturity of lease liabilities (undiscounted) Within 1 year 2-5 years 5+ years Total undiscounted cash flows Less: Future finance charges Present value (carrying amount)

351 351 8 343

Interest expense on leases for current year

334 211 545

Key management personnel Directors fees

Director fees

Terry Allen Tony Allen

Andrea Andrew 2 Bob Boniface 3 Rob Braun Dave Harris 4 Jason Land 5 Joris Sanders 6 Sturrock Saunders Ross Verry 7 Grant Woolford 8 Dave Boot 9 Issac Heron 10 David Dodds 11 Summary of changes during the financial year 1 - Director (Australasian Automotive Business Solutions Limited - to 1 December 2025) 2 - Director (Motor Trade Association Incorporated Group Committee - to 18 November 2025) 3 - Director (Australasian Automotive Business Solutions Limited - to 31 January 2026) 4 - Director (DEKRA New Zealand Limited - to 31 January 2026) 5 - Member (Motor Trade Association Incorporated Group Committee - to 31 March 2026) 6 - Director (Motor Trade Association Incorporated Group Committee - to 18 November 2025) 7 - Member (Motor Trade Association Incorporated Group Committee - from 1 April 2026) 8 - Director (DEKRA New Zealand Limited - from 1 May 2026) 9 - Director (Motor Trade Association Incorporated Group - from 1 December 2025) & Member (Motor Trade Association Incorporated Group Committee - from 1 April 2026) 10 - Director (Motor Trade Association Incorporated Group - from 1 December 2025) & Member (Motor Trade Association Incorporated Group Committee - from 1 April 2026) 11 - Director (Australasian Automotive Business Solutions Limited - from 1 April 2026)

MTA Group 2026 NZ$'000

2025 NZ$'000

2,019 786 2,805

1,882 809 2,691

MTA Group 2026 NZ$'000 95 0 22 41 64 41 64 24 164 66 133 30 30 12 786

2025 NZ$'000 65 23 59 107 36 86 36 60 154 63 120 0 0 0 809

No related party debts have been written off or forgiven during the year.

24. Financial Instruments Market Risk and Managements Objectives The Group’s activities expose it primarily to financial risks of changes in foreign currency exchange rates, changes in interest rates and other price risk. MTA Group does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes. The use of financial derivatives is approved by the Board of Directors. Foreign Currency Risk Management Foreign Currency risk relates to transactions denominated in foreign currencies; and exposures to exchange rate fluctuations arise. MTA has no hedge or use forward rates as the amount of trade in foreign currency is minimal.

21. Contingent liabilities

Interest Rate Risk Management Interest rate risk relates to risks on movement of interest rates on borrowed funds. The Group currently has no externally borrowed funds. Other Price Risk Management The Group is exposed to equity price risks arising from equity investments.

At 30 June 2026, the Group was involved in legal proceedings with Cardlink Systems Limited arising from contractual arrangements entered into in 1992 and 2012. The matters relate to contractual disputes and notices of termination which are currently being referred to arbitration. As at balance date, no monetary claim had been advanced against the Group in relation to the principal dispute.

Some of the equity investments are in unlisted entities (private equity providers) while are held for investment purposes, the Group does not actively trade these investments.

The Directors, having considered legal advice received, are unable to reliably estimate the financial effect, if any, arising from the arbitration proceedings. Accordingly, no provision has been recognised in these financial statements in respect of these matters.

The Group has a balanced portfolio split between income and equities. These investments are approved by the Investment sub committee (of the Board) in line with the SIPO . In accordance with the policy, the Group invests through professional fund managers and with the advice of a professional investment advisor. There has been no change to the Group’s exposure to market risks or the manner in which these risks are managed and measured.

22. Subsidiaries and associates

Name of entity

Principal Activities

Location

Commercial activities and investment holdings Non trading Commercial activities Commercial activities Commercial activities Commercial activities Commercial activities

New Zealand New Zealand New Zealand New Zealand Australia New Zealand Australia

Ownership interest 2026 %

2025 %

Parent entity: Motor Trade Association Incorporated (MTA) Subsidiaries: MTA Group Investments Limited (MGIL) MTA Member Equity Limited Australasian Automotive Business Solutions Limited (AABSL) SAM Computer Systems Limited (SAM) TSI SAM PTY Ltd Systime Automotive Solutions Systems Limited (Systime) TSI Systime PTY Ltd

100 100 100 100 100 100 100

All subsidiaries have a balance date of 30 June.

Associates: DEKRA New Zealand Limited formerly Vehicle Testing Group Limited (VTGL) *

Investment holding company

Ownership interest 2026 % 40

2025 % 40

Following the sale of 60% of Vehicle Testing Group Limited (VTGL) and its subsidiaries on 31 October 2013, the balance date changed to 31 December for those companies, which are all incorporated in New Zealand. See Note 9 above. * DEKRA New Zealand Limited holds 100% of shares of Vehicle Testing New Zealand Limited. MTA holds 36 ordinary shares (36%) in MITO Limited. The shares confer voting rights only and do not provide rights to distributions, residual assets, or other economic benefits. Share ownership is structural in nature and reflects MITO’s governance framework as an industry led charitable entity.

Motor Trade Association | Annual Report 2026

| 34

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35 |

Motor Trade Association | Annual Report 2026

MOTOR TRADE ASSOCIATION INCORPORATED GROUP NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 30 June 2026 24. Financial Instruments (continued) The following tables detail the classes of financial assets and financial liabilities contained in the Consolidated Statement of Financial Position:

MTA Group 2026 Assets: Cash and cash equivalents (Note 4) Trade and other receivables (Note 5) Investments held with fund managers (Note 6) Put and call options (Note 9) Total financial assets Non-financial assets Total Assets Liabilities: Trade and other payables (Note 12) Other financial liabilities (Note 13) Total financial liabilities Non-financial liabilities Total liabilities

MTA Group 2025 Assets: Cash and cash equivalents (Note 4) Trade and other receivables (Note 5) Investments held with fund managers (Note 6) Put and call options (Note 9) Total financial assets Non-financial assets Total Assets Liabilities: Trade and other payables (Note 12) Other financial liabilities (Note 13) Total financial liabilities Non-financial liabilities Total liabilities

Financial assets at fair value through profit or loss

Financial assets at amortised cost

Financial liabilities at amortised cost

NZ$'000

31,298 3,185 34,483

2,721 1,710 4,431

2,721 1,710 31,298 3,185 38,914 34,578 73,492

1,675 16,537 18,212

1,675 16,537 18,212 2,009 20,221

Financial assets at fair value through profit or loss NZ$'000

Financial assets at amortised cost NZ$'000

Financial liabilities at amortised cost NZ$'000

31,254 3,664 34,918

2,291 1,780 4,071

2,291 1,780 31,254 3,664 38,989 34,262 73,251

1,837 15,398 17,235

1,837 15,398 17,235 2,307 19,542

Total NZ$'000

TOTAL INCOME $24.2M (FY 2025 = $24.9) Software Sales

$11.9 M

MTA Subscriptions

$3.6 M

Services & Products

$0.3 M

BY CATEGORIES

Gift Cards & Vouchers

$0.3 M

2026

Commissions

$0.6 M

Interest Income

$0.0 M

Managed Investment Funds Returns

$3.7 M

Equity Movement (Dekra NZ Ltd)

$3.7 M

Put/Call Option Revaluation

-$0.5 M

Others

$0.6 M

25. Subsequent events No subsequent events.

Motor Trade Association | Annual Report 2026

| 36

Page 18

$11.5 M

Software Sales

$3.1 M

MTA Subscriptions

$0.3 M

Services & Products

$0.4 M

Gift Cards & Vouchers

BY CATEGORIES

$0.3 M

Commissions

$0.1 M

Interest Income

2025

$2.7 M

Managed Investment Funds Returns

$3.8 M

Equity Movement (Dekra NZ Ltd)

$0.4 M

Put/Call Option Revaluation

$2.1 M

Others

37 |

Motor Trade Association | Annual Report 2026

TOTAL INCOME $24.2M (FY 2025 = $24.9)

TOTAL ASSETS $73.5M (FY 2025 = $73.3) Members’ Revenue

$4.8 M

Managed Investment Funds

$31.3 M

Commercial Service Activities

$11.9 M

Cash and Cash Equivalents

$2.7 M

Investment income

$7.4 M

Trade and Other Receivables

$2.2 M

BY ACTIVITIES

Put/Call Option Movement

-$0.5 M

Y EAR 2026

Investment in Associate (Dekra NZ Ltd)

$24.3 M

2026

Other Revenue

$0.6 M

$73.3m

ROU Leased Assets

$0.3 M

Put/Call Option Asset

$3.2 M

Others

$9.4 M

$4.2 M

Members’ Revenue

$31.3 M

Managed Investment Funds

$11.5 M

Commercial Service Activities

$2.3 M

Cash and Cash Equivalents

$6.6 M

Investment income

$2.3 M

Trade and Other Receivables

$0.4 M

Put/Call Option Movement

BY ACTIVITIES

$23.8 M

Investment in Associate (Dekra NZ Ltd)

$2.2 M

Other Revenue

2025

$0.7 M

ROU Leased Assets

$3.7 M

Put/Call Option Asset

$9.2 M

Others

Motor Trade Association | Annual Report 2026

| 38

Y EAR 2025

$73.3m

39 |

Motor Trade Association | Annual Report 2026

9 309 0463 T: T: +64+64 9 309 0463 E: E: auckland@bakertillysr.nz auckland@bakertillysr.nz W:W: www.bakertillysr.nz www.bakertillysr.nz

Level 12, 12, 23-29 23-29Albert AlbertStreet, Street,Auckland Auckland 1010 1010 PO Box Box 3899, 3899,Auckland Auckland1140 1140 New Zealand Zealand

Level 12, 23-29 Albert Street, Auckland 1010 PO Box 3899, Auckland 1140 New Zealand

T: +64 9 309 0463 E: auckland@bakertillysr.nz W: www.bakertillysr.nz

INDEPENDENT REPORT INDEPENDENTAUDITOR’S AUDITOR’S REPORT

Other INDEPENDENT Information AUDITOR’S REPORT

To Association Incorporated Tothe theMembers MembersofofMotor MotorTrade Trade Association Incorporated

Motor Trade Association’s annual report for the year ended 30 June 2026 (but does not include the consolidated

The Members are responsible for the other information. The other information comprises the information included in

To the Members of Motor Trade Association Incorporated

Report on the Audit of the Consolidated Financial Statements

Report on the Audit of auditor’s the Consolidated Financial Statements financial statements and our report thereon).

Opinion

Opinion Our opinion on the consolidated financial statements does not cover the other information and we do not express

We have audited the consolidated financial statements of Motor Trade Association Incorporated and its subsidiaries

Weof have audited theor consolidated statements any form audit opinion assurance financial conclusion thereon.of Motor Trade Association Incorporated and its subsidiaries

Report on the Audit of the Consolidated Financial Statements Opinion

We have audited the consolidated financial statements of Motor Trade Association Incorporated and its subsidiaries

('the Group') on pages 20 to 36, which comprise the consolidated statement of financial position as at 30 June 2026,

In connection with our audit of the consolidated financial statements, our responsibility is to read the other

and the consolidated statement of comprehensive income, consolidated statement of changes in members’ fund

and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements,

information and, in doing so, consider whether thethe other is materially inconsistent with the consolidated and consolidated statement of cash flows for yearinformation then ended, and notes to the consolidated financial statements,

including material accounting policy information.

financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. including material accounting policy information.

and the consolidated statement of comprehensive income, consolidated statement of changes in members’ fund

and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements, including material accounting policy information.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the

In our opinion, the accompanying consolidated statements present fairly, in all material respects, consolidated financial position of the Group as at 30 financial June 2026, and its consolidated financial performance and its the

and the consolidated statement of comprehensive income, consolidated statement of changes in members’ fund

If, based on the work we have performed , we conclude that there is a material misstatement of this other information,

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the

we are required to report that fact. We have nothing to report in this regard.

consolidated financial position of the Group as at 30 June 2026, and its consolidated financial performance and its

consolidatedcash financial thethen Group as atin30 June 2026,with andNew its consolidated financialtoperformance consolidated flowsposition for the of year ended accordance Zealand Equivalents Internationaland its

consolidated cash flows for the year then ended accordance with Financial New Zealand Equivalents to International Responsibilities of Those Charged with Governance forinthe Consolidated Statements

consolidated cashStandards flows forReduced the yearDisclosure then ended in accordance with New Zealand Equivalents to International Financial Reporting Regime ('NZ IFRS RDR').

Standards Reduced Disclosure Regime ('NZ IFRS RDR'). Those Financial Charged Reporting with Governance are responsible on behalf of the Group for the preparation and fair presentation of

Financial Reporting Standards Reduced Disclosure Regime ('NZ IFRS RDR'). Our report is made solely to the Members of the Group. Our audit work has been undertaken so that we might state to thereport Members of the Group matters we are Group. requiredOur to state them in been an auditor’s reportso and forwe no might other state Our is made solely to those the Members of the auditto work has undertaken that purpose. To the fullest permitted by law, we we do acceptto orstate assume responsibility to anyone other than to the Members of theextent Group those matters arenot required to them in an auditor’s report and forthe no other

the consolidated financial statements in accordance with NZ IFRS RDR, and for such internal control as Those

Our report is made solely to the Members of the Group. Our audit work has been undertaken so that we might state

Charged with Governance determine is necessary to enable the preparation of the consolidated financial statements

to the Members of the Group those matters we are required to state to them in an auditor’s report and for no other

that are free from material misstatement, whether due to fraud or error.

purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the

Members a body, for our audit workwe or do for not our report. purpose. of Tothe theGroup fullestasextent permitted by law, accept or assume responsibility to anyone other than the

Members of the Group as a body, statements, for our audit work orCharged for our report. In preparing the consolidated financial Those with Governance are responsible on behalf of the

Members of the Group as a body, for our audit work or for our report. Basis for Opinion

Group for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to Basis for Opinion going concern and using the going concern basis of accounting unless Those Charged with Governance either intend

Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (New Zealand) ('ISAs (NZ)'). Our

We conducted audit in accordance International Standards on but Auditing to liquidate the Groupour or to cease operations, with or have no realistic alternative to do (New so. Zealand) ('ISAs (NZ)'). Our

responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the

Consolidated Financial Statements section of our report. We are independent of the Group in accordance with

Auditor’s Responsibilities forStatements the Audit of the Consolidated Statementsof the Group in accordance with Consolidated Financial section of our report.Financial We are independent

Professional and Ethical Standard 1 International Code of Ethics for Assurance Practitioners (including International

Our objectives are to obtain reasonable about whether theforconsolidated financial statements as a whole Professional and Ethical Standard 1assurance International Code of Ethics Assurance Practitioners (including International

Independence Standards) (New Zealand) issued by the New Zealand Auditing and Assurance Standards Board and

are freeIndependence from material misstatement, whether issued due to by fraud error, and toAuditing issue an auditor’s report that includes Standards) (New Zealand) the or New Zealand and Assurance Standards Board our and

the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants

opinion. is a high level assurance,International but is not a guarantee an audit conducted in theReasonable Internationalassurance Ethics Standards Board forof Accountants’ Code of Ethicsthat for Professional Accountants

We conducted our audit in accordance with International Standards on Auditing (New Zealand) ('ISAs (NZ)'). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with

Professional and Ethical Standard 1 International Code of Ethics for Assurance Practitioners (including International

Independence Standards) (New Zealand) issued by the Newand Zealand Auditing Assurance Board and (including International Independence Standards) (‘IESBA Code’), we have fulfilledand our other ethicalStandards responsibilities the International Board for IESBA Accountants’ International of Ethics for Professional Accountants in accordance withEthics these Standards requirements and the Code. We believe thatCode the audit evidence we have obtained is (includingand International Independence Standards) and we have fulfilled our other ethical responsibilities sufficient appropriate to provide a basis for our (‘IESBA qualifiedCode’), opinion. in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is

(including Independence Standards) (‘IESBA Code’), and when we have fulfilledMisstatements our other ethicalcan responsibilities accordance withInternational ISAs (NZ) will always detect a material misstatement it exists. arise from in error accordance with these requirements the IESBAor Code. Weaggregate, believe that the could audit evidence we be have obtainedtois fraud or and are considered material if,and individually in the they reasonably expected sufficient and appropriate to of provide basis on for the our basis qualified opinion. influence the economic decisions usersataken of these consolidated financial statements.

Other than in our capacity as auditor, we have no relationship with, or interests in, Motor Trade Association

Other than in our capacity as responsibilities auditor, we have or interests in, Motor Trade Association A further description of the auditor’s forno therelationship audit of thewith, consolidated financial statements is located

Incorporated or any of its subsidiaries.

Incorporated or anyBoard’s of its subsidiaries. at the External Reporting website at:

sufficient and appropriate to provide a basis for our qualified opinion.

Other than in our capacity as auditor, we have no relationship with, or interests in, Motor Trade Association Emphasis of Matter Incorporated or any of its subsidiaries. We draw attention to Note 11 of the consolidated financial statements, which describes the effects of the uncertainty regarding Emphasisthe ofcarrying Matter value of the intangible assets. Our opinion is not modified in respect of this matter.

We draw attention to Note 11 of the consolidated financial statements, which describes the effects of the uncertainty regarding the carrying value of the intangible assets. Our opinion is not modified in respect of this matter.

https://www.xrb.govt.nz/standards/assurance-standards/auditors-responsibilities/audit-report-7-1/. Emphasis of Matter This description forms part of our report. financial statements, which describes the effects of the uncertainty We draw attention to Note 11auditor’s of the consolidated regarding the carrying value of the intangible assets. Our opinion is not modified in respect of this matter.

Matters Relating to the Electronic Presentation of the Audited Consolidated Financial Statements

This audit report relates to the consolidated financial statements of Motor Trade Association Incorporated and its subsidiaries for the year ended 30 June 2026 included on Motor Trade Association (MTA)’s website. The Members of Motor Trade Association are responsible for the maintenance and integrity of Motor Trade Association’s website. We have not been engaged to report on the integrity of Motor Trade Association Incorporated’s website. We accept

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Motor Trade Association | Annual Report 2026

T: +64 9 309 0463 E: auckland@bakertillysr.nz W: www.bakertillysr.nz

Level 12, 23-29 Albert Street, Auckland 1010 PO Box 3899, Auckland 1140 New Zealand

INDEPENDENT REPORT no responsibility for any AUDITOR’S changes that may have occurred to the consolidated financial statements since they were initially presented on the website.

To the Members of Motor Trade Association Incorporated The audit report refers onlyConsolidated to the consolidated statements named above. It does not provide an opinion on Report on the Audit of the Financialfinancial Statements any other information which may have been hyper linked to or from this consolidated financial statements. If readers Opinion of this report are concerned with the inherent risks arising from electronic data communication, they should refer to We auditedhard the consolidated financialconsolidated statements offinancial Motor Trade Association its subsidiaries thehave published copy of the audited statements and Incorporated related auditand report dated 15 October ('the Group') on pages 20 to 36, which comprise the consolidated statement of financial position as at 30 June 2026,

2026 to confirm the information included in the audited consolidated financial statements presented on this website.

and the consolidated statement of comprehensive income, consolidated statement of changes in members’ fund

Legislation in New Zealandofgoverning preparation dissemination of consolidated financialstatements, statements may and consolidated statement cash flowsthe for the year then and ended, and notes to the consolidated financial including material accounting policy information. differ from legislation in other jurisdictions. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at 30 June 2026, and its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with New Zealand Equivalents to International Financial Reporting Standards Reduced Disclosure Regime ('NZ IFRS RDR').

BAKER TILLY STAPLES RODWAY AUCKLAND Our report is made solely to the Members of the Group. Our audit work has been undertaken so that we might state

Auckland, New Zealand

to the Members of the Group those matters we are required to state to them in an auditor’s report and for no other

15 October 2026

purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Members of the Group as a body, for our audit work or for our report.

Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (New Zealand) ('ISAs (NZ)'). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with Professional and Ethical Standard 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand) issued by the New Zealand Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (‘IESBA Code’), and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Other than in our capacity as auditor, we have no relationship with, or interests in, Motor Trade Association Incorporated or any of its subsidiaries.

Emphasis of Matter We draw attention to Note 11 of the consolidated financial statements, which describes the effects of the uncertainty regarding the carrying value of the intangible assets. Our opinion is not modified in respect of this matter.

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Motor Trade Association | Annual Report 2026