• Group revenue grew 11.2% to $297.4m
• UNPATA up 1.4% to $50.3m
• Interim dividend of 62 cents per share declared

McMillan Shakespeare Limited (MMS) has reported its interim financial results for the half year ended 31 December 2025. The company delivered revenue growth of 11.2% to $297.4 million and UNPATA of $50.3 million, up 1.4% compared to the prior corresponding period. This performance was underpinned by growth across key customer metrics, including a 1.7% increase in GRS salary packages to 387.5k, a 7.0% rise in novated leases to 82.1k, and a 16.1% increase in PSS customers to 43k. The company's investments in technology have driven productivity gains, with 'Customers per FTE' rising 14.1% on the prior corresponding period. MMS continues to manage operating expenses in a disciplined manner, with the cost to income ratio improving to 59.7%. The company has declared an interim fully franked dividend of 62 cents per share, representing approximately 85% of UNPATA, in line with its dividend policy. Additionally, the Group will carry out an on-market buy-back of shares up to a value of $10 million over the next 12 months.

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

The company will continue to focus on executing its strategic priorities of excelling in customer experience, driving simplicity and technology-enablement, and delivering valued solutions. The Federal Government's review of the Electric Car Discount and the NDIS annual pricing review outcomes are expected in the second half of the financial year.