Appendix 4E and 2025 Annual Report
| Stock | Smartgroup Corporation Ltd (SIQ.ASX) |
|---|---|
| Release Time | 26 Feb 2026, 8:20 a.m. |
| Price Sensitive | Yes |
Smartgroup Releases 2025 Annual Report
- Record customer numbers across all core product lines
- Revenue grew 8% to $329.3 million, EBITDA up 14% to $135.3 million
- Significant investment in digital transformation and strategic partnerships
Smartgroup Corporation Ltd (ASX: SIQ) has released its 2025 Annual Report, showcasing a year of disciplined execution and continued strategic momentum. The Group delivered record customer numbers across all core product lines, with novated leases under management reaching 85,300 and active salary packaging customers increasing to 491,000. The financial results reflect this momentum, with revenue growing 8% to $329.3 million and EBITDA increasing 14% to $135.3 million, indicating the scalability and leverage of Smartgroup's platform. Net Profit After Tax and Amortisation (NPATA) rose 11% to $80.2 million, and return on equity (ROE) improved to 30%. The Board is pleased with the progress made by the executive leadership team, which has reshaped the organization and embedded more agile and responsive ways of working. Smartgroup continued to invest in creating positive social impact, including through its Smartgroup Foundation, and maintained its focus on diversity and inclusion. The Group's capital-light business model enabled significant investment in growth initiatives, including digital transformation and strategic partnerships, while consistently delivering fully franked dividends to shareholders. Looking ahead, Smartgroup is well-positioned to scale efficiently, respond to evolving customer needs, and deliver sustainable value creation, with a technology-enabled platform and a clear strategic roadmap.
Based on current market conditions, the Group is targeting an EBITDA margin in the mid-forties during 2027.
In 2026, Smartgroup remains focused on executing its strategic priorities, enhancing customer experience, expanding its product offering, and driving operational efficiency. The Group is well-positioned to scale efficiently, respond to evolving customer needs, and deliver sustainable value creation in 2026 and beyond.