Australia · Delayed Price · Currency is AUD Smartgroup Corporation Earnings Call Transcripts
Fiscal Year 2026
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Record H1 2026 results with revenue up 13%, EBITDA up 16%, and NPATA up 11% year-over-year, driven by strong growth in novated leasing and digital transformation. Management targets mid-40s EBITDA margin in 2027, supported by robust EV demand and ongoing technology investment.
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Strong financial growth, digital transformation, and a capital-light strategy were highlighted, with robust dividends and a share buyback announced. Shareholders engaged on fleet sales, EV growth, and remuneration, while the board emphasized ongoing governance and succession planning.
Fiscal Year 2025
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Revenue grew 8% and EBITDA rose 14% year-over-year, driven by record customer numbers and strong novated leasing demand. EBITDA margin improved to 41%, with a mid-40s% target for 2027, supported by ongoing technology investment and operational efficiencies.
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Strong H1 2025 results with 7% revenue and 13% EBITDA growth, driven by novated leasing demand, new client wins, and digital investments. Targeting mid-40% EBITDA margin by 2027, with continued focus on technology and strategic partnerships.
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The AGM highlighted strong financial growth, increased dividends, and strategic investments in digital and EV offerings. All resolutions passed with support from major proxy advisors, and management addressed shareholder questions on EV risks and meeting formats.
Fiscal Year 2024
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Record revenue and EBITDA growth in 2024 were driven by strong novated leasing demand, digital transformation, and operational efficiency. Dividend payout reached 90% of NPATA, with a positive outlook supported by ongoing investments and scalable growth initiatives.
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Revenue rose 27% and NPAT grew 16% year-over-year, driven by strong novated leasing demand, digital investments, and improved vehicle supply. EBITDA margin reached 40% (excluding contract costs), and an interim dividend of AUD 0.175 per share was declared.