• Strong financial performance in 2024 with revenue, EBITDA and NPATA growth
• Record customer numbers in salary packaging, novated leases and fleet vehicles
• Significant progress on strategic priorities including brand consolidation and digital investments

Smartgroup Corporation Ltd (ASX: SIQ) presented its 2025 Annual General Meeting materials, providing an overview of the company's performance and strategic progress in 2024. The company delivered strong financial results, with revenue of $305.8 million, EBITDA of $118.7 million, and NPATA of $72.4 million, representing growth of 22%, 18%, and 15% respectively compared to 2023. Smartgroup's customer base continued to grow, with record numbers in salary packaging, novated leases, and fleet vehicles under management. The company's digital marketing initiatives, improved customer experience, and favorable regulatory environment, such as the Federal Government's Electric Car Discount Policy, contributed to these positive outcomes. Smartgroup made significant progress on its strategic priorities, including simplifying and consolidating its brands, delivering customer service automation and efficiency improvements, and enhancing its digital assets such as the Car Leasing Portal and the new customer digital home, smart.com.au. The company also expanded its offerings and partnerships to address evolving customer needs, such as the introduction of a home energy offering. Smartgroup's investment proposition remains compelling, with a capital-light business model, strong balance sheet, and high free cash flow generation, enabling the company to pay fully franked dividends while investing for growth. The company sees significant opportunities to further penetrate its existing client base and expand across all segments through its market-leading position and digital capabilities.

Smartgroup is focused on delivering an efficient and digital salary packaging offering, extending its leadership in novated leasing including through electric vehicles, innovating its proposition to meet changing customer needs, and continuing to invest in fleet capabilities and balance sheet funding. The company is committed to anticipating customer needs and forging strategic partnerships to deliver smarter benefits and experiences.