• Q1 2025 average monthly revenue up 10% vs pcp, with stable leasing demand
• EV orders account for 51% of new vehicle orders, including 30% BEV and 21% PHEV
• Continued progress on Strategic Priorities, including new partnerships

Smartgroup Corporation Ltd, a leading employee services and fleet solutions provider, has provided a business update and presentation for the Macquarie Australia Conference. In Q1 2025, the company saw average monthly revenue in line with H2 2024, representing a 10% increase compared to the prior corresponding period (pcp). Average monthly total novated leasing settlements, including refinanced vehicles, increased 1% compared to H2 2024, a 9% increase vs pcp. Average monthly novated leasing orders (excluding refinanced) increased 9% vs H2 2024, a 21% increase vs pcp. Internal Combustion Engine (ICE) new vehicle orders were stable vs H2 2024 and increased 4% compared to pcp, while total electric vehicles (EV) accounted for 51% of Q1 2025 new vehicle orders, including battery-electric vehicles (BEV) at 30% and plug-in hybrid electric vehicles (PHEV) at 21% of new vehicle orders. The company has continued to make progress on its Strategic Priorities, with new partnerships starting in 2025, including Intellihub's Enreal and BMW Financial Services. Smartgroup remains cautiously optimistic for the year ahead, focusing on the delivery of its digital assets in the leasing and salary packaging businesses to further improve customer experience and increase efficiency and scalability.

Smartgroup remains cautiously optimistic for the year ahead. The company continues to progress its Strategic Priorities, focusing on the delivery of its digital assets in its leasing and salary packaging businesses. These investments will further improve customer experience and increase efficiency and scalability.