The Capricorn Society celebrated its 50th year of operation in 2024 by returning a record $92.3 million value to its 29,000 members across Australia and New Zealand.
The total was 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 26.9 cents.
The member benefits included:
- Almost $56.6 million in Capricorn Rewards points earned
- A trade rebate of $18.5 million was paid to Capricorn members for trade account purchases made throughout the year. This rebate was issued as a bonus Capricorn Rewards point on each member’s September statement.
- For the year ending June 2024, $15.3 million was distributed to member shareholders as an ordinary dividend of 7 cents per share.
According to Capricorn Group chief executive David Fraser, the 2024 financial result further emphasises the rewarding benefits of being a Capricorn member.
“It is so pleasing to report another set of record results for Capricorn members across Australia and New Zealand,” says Fraser.
“Members can be confident that Capricorn is in the best shape of its 50-year history, and the returns they have gained prove that together we are more vital 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,” he says.
Capricorn Society was established in 1974 to support small business owners in the automotive aftermarket. Now, 50 years later, Capricorn has 29,000 members across Australia and New Zealand, including mechanical workshops, collision repairers and auto electricians.
It offers a range of products for financial services, including its trade account, which connects members with 2000 preferred suppliers.
