• Strong growth from Novated Leasing segment continues
• Continued execution of acquisition strategy
• Underlying performance up 4% on PCP after allowing for diminished contribution of TL Commercial lease business
• Declared final dividend of 3.0 cents per share

COG Financial Services Ltd reported its FY2025 results, highlighting strong performance across its core business segments. Revenue grew by 1% to $363.5 million, driven by organic growth in the Novated Leasing segment (+$10.2 million), increased contribution from Asset Management & Lending activities (+$6.4 million), and contributions from acquisitions (+$1.0 million). This was partially offset by revenue contraction in Finance Broking & Aggregation (-$10.0 million), lower contribution from the Westlawn insurance broking business (-$0.8 million), and the diminishing run-off of the TL Commercial lease business (-$2.2 million). EBITDA margin remained stable at 16.1%, reflecting increased volume bonus incentive rates on higher Novated Leasing volumes, a higher contribution from Centrepoint Alliance Limited, compressed lending margins, and investments in people and systems. Underlying NPATA to shareholders was $24.0 million, down 1% on the prior comparative period, with EPSA of 12.00 cents per share. The company declared a final dividend of 3.0 cents per share, with a payout ratio of 50.6%. Looking ahead, the company expects continued organic growth in the Novated Leasing segment, remains active in strategic acquisitions, and is investing in operational improvements and increased focus on the Insurance Broking business.

COG expects to continue to pay a fully franked dividend at a similar payout ratio to FY2025.

The Group's Novated Leasing segment is expected to continue delivering outstanding results, with ongoing organic growth as the company captures opportunities and benefits from current government incentives on electric vehicles. COG will remain active in identifying strategic acquisitions to add to the organic trajectory of its business segments. The company is also continuing to invest in key operational areas, particularly in the broker aggregation space and on cyber security, and expects to focus more on EBITDA performance in future periods.