• Stable core income growth and strong cash generation maintained despite lower NBW
• Acquisition of Remunerator to expand novated leasing capabilities
• Strategic focus on new customer acquisition, retention, and profit optimisation

FleetPartners Group Ltd (ASX:FPR) reported its FY25 results, highlighting stable core income growth of 6% and strong cash generation despite a 16% decline in new business written (NBW). The company's funded vehicles under management or financed (VUMOF) grew 2% year-on-year, with balance sheet funded VUMOF increasing 9%. NPATA pre end-of-lease (EOL) income was up 9% driven by higher core income and operating expense control. The company announced the acquisition of Remunerator, a salary packaging and novated lease provider, to expand its go-to-market proposition in novated leasing. FleetPartners outlined its strategic focus on attracting new customers, retaining existing customers, growing share-of-wallet, and profit optimisation. Key initiatives include the integration of Remunerator, continued digital investment, expanding telematics and data partnerships, broadening small fleet distribution, and strengthening OEM and dealer relationships. The company also highlighted its environmental, social, and governance achievements, including a 42% reduction in Scope 1 and 2 emissions since FY22.

FleetPartners expects its NPATA pre EOL income to grow in FY26, supported by the integration of the Remunerator acquisition and continued investment in digital capabilities and customer experience.

FleetPartners remains focused on executing its strategic priorities, including attracting new customers, retaining existing customers, growing share-of-wallet, and optimising profitability. The company is well-positioned to capitalise on long-term industry tailwinds, such as the transition to electric vehicles and the increasing need for fleet expertise and outsourcing.