• Novated Leasing segment saw record volumes, with a spike in activity in March
• COG added to the panel for WA Police and Tasman Health Department for salary packing and novated lease services
• Underlying performance up 5% on prior corresponding period after allowing for diminished contribution from TL Commercial

COG Financial Services Limited ('COG') has announced its unaudited results for Q3 FY25, presenting the performance of its Finance Broking & Aggregation ('FB&A') segment, Novated Leasing segment, Asset Management & Lending ('AM&L') segment, and the Other segment. The company is very encouraged by the strength of its Novated Leasing business, which saw record volumes and a spike in activity in March, likely driven by the impact of tax incentives ending on 31 March 2025 for Plug-in Hybrid Electric Vehicles. COG has also been added to the panel for WA Police and Tasman Health Department, solidifying its position as a government salary packing and novated lease provider across all states. The company's underlying performance was up 5% on the prior corresponding period after allowing for the diminished contribution of COG's TL Commercial operating lease business, which stopped writing new business in FY 20. COG has three complementary businesses - Finance Broking & Aggregation, Novated Leasing, and Asset Management & Lending - and sees significant growth opportunities through future consolidation and organic growth, as its market share is small relative to the market size in which it operates.