• Revenue of $305.8m, up 22% vs prior year
• Operating EBITDA of $118.7m, up 18% vs prior year
• NPATA of $72.4m, up 15% vs prior year
• Strong operating cash flow conversion at 108% of NPATA

Smartgroup Corporation Ltd has reported a strong set of financial results for the full year 2024. Revenue increased by 22% to $305.8 million, driven by growth in the company's novated leasing and new client wins. Operating EBITDA grew by 18% to $118.7 million, with an EBITDA margin of 39%. NPATA, which excludes the non-cash tax-effected amortisation of intangibles, increased by 15% to $72.4 million. The company achieved strong operating cash flow conversion of 108% of NPATA. Smartgroup continued to grow its customer base, with active salary packages increasing by 12% to 445,000 and novated leases under management rising by 22% to 74,300. The company also made good progress on its strategic priorities, including digital enhancements, brand consolidation, and expanding its fleet offering. Looking ahead, Smartgroup remains focused on driving scalability through increased customer penetration, growing its eligible customer base, and expanding its product and service offerings to increase customer lifetime value.

Smartgroup expects capital expenditure of approximately $11-13 million in the 2025 financial year to support its digital and technology simplification initiatives.