Appendix 4E and Annual Report to Shareholders
| Stock | Mcmillan Shakespeare Ltd (MMS.ASX) |
|---|---|
| Release Time | 28 Aug 2025, 5:22 p.m. |
| Price Sensitive | Yes |
McMillan Shakespeare Reports FY25 Results
- Normalised revenue up 3.0% to $541.6m
- Normalised UNPATA of $103.2m, Normalised EPS of 148.2c
- Statutory NPAT grew 14.1% to $95.3m
On behalf of the McMillan Shakespeare Limited (MMS, the Group) Board of Directors, management team and dedicated people, the company has presented its Annual Report for the 2025 financial year (FY25). The Group's Normalised Revenue was up 3.0% with growth across all segments. Normalised UNPATA was $103.2m, Normalised Return on Capital Employed (ROCE) was 63.4%, Normalised Earnings Per Share (EPS) was 148.2 cents and Statutory Net Profit After Tax was $95.3m. In line with these results and the company's commitment to shareholder returns, the Board has declared a fully franked final dividend of 77 cents per share, bringing the full-year dividend to 148 cents per share. The Group completed the multi-year Simply Stronger program, delivering enhanced customer experiences, superior digital solutions and technology-enabled productivity to support long-term growth. The company remains focused on its three strategic priorities to deliver long-term sustainable growth - excel in customer experience, deliver valued solutions and drive simplicity and technology enablement. MMS enters FY26 with business momentum and a clear strategy for growth, with expected market and business outlook supporting customer growth across all segments.
MMS expects new client wins in GRS and AMS, buoyant novated orders in Q4FY25 and continued NDIS participant growth to support customer growth across all segments. Benefits are also expected to be realised from the company's strategic investments with the removal of non-recurring costs.
The company expects auto supply and used car values to remain broadly consistent with 2HFY25. While the benefits from the PHEV FBT exemption expired in 2HFY25, the FBT Exemption on BEV continues with the Federal Government committed to review by mid-2027. Following the 2025-26 NDIS pricing review, monthly plan management fees will remain consistent while set up fees were removed effective 1 July 25. Cash rates are expected to reduce as inflation moderates, supporting customer confidence.