Capricorn Members, mainly small businesses in the automotive sector, enjoyed record member returns this year, with Capricorn returning $92.3 million in value to Members (up from $82.8 million in 2023). This equates to an average Member value return of 26.9% —meaning that for every dollar invested in Capricorn, Members received a 26.9c return.
The Member benefits included:
- Almost $56.6 million in Capricorn Rewards Points earned
- A trade rebate of $18.5 million paid to Capricorn Members for trade account purchases made throughout the year. This rebate was issued as Bonus Capricorn Rewards Points on each Member’s September statement.
- $15.3 million distributed to Member shareholders by way of an ordinary dividend of 7 cents per share in relation to the year ended 30 June 2024.
According to Capricorn Group CEO, David Fraser, this outstanding 2024 financial result further emphasises the rewarding benefits of being a Capricorn Member.
“It is so pleasing to be able to report another set of record results for Capricorn Members across Australia and in New Zealand,” David said.
“Members can be confident that Capricorn is in the best shape of its 50 year history and the returns that they have gained prove that together we are stronger than ever.”
“These results also highlight our Members’ and Preferred Suppliers business growth that has been achieved during the year, playing an integral role in achieving this outstanding result,” David said.
Capricorn Society was established in 1974 to support small business owners in the automotive aftermarket. Now 50 years later, Capricorn has over 29,000 Members across Australia and New Zealand including mechanical workshops, collision repairers and auto electricians.
Capricorn offers a range of competitive financial services products, including its flagship Trade Account that connects Members with over 2,000 Preferred Suppliers.
Proudly operating by cooperative principles, Capricorn Members also have access to risk protection, exclusive industry events and a generous Capricorn Rewards program. For more information, visit capricorn.coop.
Image: Capricorn Member, Stephen Rowe from Jarrow Auto Service and an employee, smiling in the workshop.
For further information contact media@capricorn.coop or +61 455 731 955.
About Capricorn
Capricorn Society was established in 1974 to support small business owners in the automotive aftermarket. Now 50 years later, Capricorn has over 29,000 Members across Australia and New Zealand including mechanical workshops, collision repairers and auto electricians.
Capricorn offers a range of competitive financial services products, including its flagship Trade Account that connects Members with over 2,000 Preferred Suppliers.
Proudly operating by cooperative principles, Capricorn Members also have access to risk protection, exclusive industry events and a generous Capricorn Rewards Program. For more information, visit capricorn.coop.
The past performance of Capricorn is no indication of future performance or returns. Shares are issued by Capricorn Society Limited (ACN 008 347 313). No offer of shares is made in this article or publication. An offer of shares will only made in, or accompanied by, Capricorn’s Prospectus and any Supplementary Prospectus which is available on request or may be viewed at capricorn.coop under “Corporate Documents.” Before making any decision to apply for shares you should consider the prospectus and any supplementary prospectus. Any application for shares must be made on the application form in or accompanying the Prospectus.
Capricorn Finance offers business equipment finance through Capricorn Society Financial Services Pty Ltd (ACN129 134 667) and Capricorn Society Limited (ACN 29 008 347 313), subject to further terms.
Products sold through Capricorn Risk Services Pty Ltd (ABN 93 111 632 789) are: (i) discretionary risk protection products issued by Capricorn Mutual Ltd; and (ii) general insurance products issued by a range of insurers and brokered through Capricorn Insurance Services Pty Ltd. Before deciding to acquire any product you should consider the Product Disclosure Statement available from Capricorn Risk Services Pty Ltd to see if the product is appropriate for you. Capricorn Risk Services Pty Ltd is a Corporate Authorised Representative (No. 460893) of Capricorn Mutual Ltd (AFSL 230038) and Capricorn Insurance Services Pty Ltd (AFSL 435197). Capricorn Mutual Ltd has published a Target Market Determination for its protection which is available at capricorn.coop/about/capricorn-mutual.
*Participation in Capricorn Rewards is subject to the Capricorn Rewards Terms and Conditions which can be found at cap.coop/tc.