Repco NZ's profits fuel $123m dividend to US owner

Repco NZ, the auto parts retailer, paid a $123 million dividend to its US owner due to strong profits, defying economic downturns. The dividend payout followed a near $30 million profit for the financial year, doubling since 2019. Revenue climbed to $568.5 million in 2024, up from $377 million in 2019, demonstrating consistent growth. Repco, with 128 stores in New Zealand, is owned by GPC Asia Pacific, a division of Genuine Parts Company. The company's performance remained strong even during the pandemic and recession.