• Statutory NPAT from Continuing Operations up 9.7% to $49.6m
• Underlying NPATA up 1.4% to $50.3m
• Novated leases up 7% supported by new customer growth and increased penetration
• Oly client base grew 233% and accounted for 5.2% of group novated lease sales

McMillan Shakespeare Limited (ASX: MMS) has reported a 9.7% increase in Statutory Net Profit After Tax (NPAT) from Continuing Operations to $49.6 million for the half-year ended 31 December 2025 (1HFY26). The company also reported an Underlying Net Profit After Tax and Amortisation (UNPATA) of $50.3 million, up 1.4% on the prior corresponding period. Group revenue grew 11.2% to $297.4 million, driven by growth across all segments. Novated leases increased by 7% on the prior corresponding period, supported by new customer growth, improved retention, and increased penetration into the salary packaging client base. The company's innovative brand, Oly, continued to scale, growing its client base by 233% and accounting for 5.2% of all group novated lease sales during the period. Onboard Finance receivables grew strongly, up 31% to $539 million. The company's focus on productivity saw 'Customers per FTE' rise 14.1% on the prior corresponding period, and the cost-to-income ratio improved to 59.7%. MMS declared a fully franked dividend of $0.62 per share and announced an on-market buyback of up to $10 million over the next 12 months, reflecting total capital returns of up to $53.2 million, up 7.6% on 1HFY25.

UNPATA for 2HFY26 to benefit from customer growth across all segments, increased Onboard Finance receivables, and efficiencies from prior year strategic investments.

The company will continue to take a disciplined approach to investing in and executing on its strategic priorities - excelling in customer experience, driving simplicity and technology-enablement, and delivering valued solutions. The Federal Government's review of the Electric Car Discount is underway, and the NDIS annual pricing review outcomes are expected.