Capricorn members 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.
Proudly operating by cooperative principles, Capricorn members also have access to risk protection, exclusive industry events and a generous Capricorn Rewards program.