• Record customer growth across all key product lines, including 10% increase in active salary packages to 491,000
• Delivered 14% EBITDA growth to $135.3m and 11% NPATA growth to $80.2m
• Continued investment in digital capabilities and technology to drive scale benefits and customer experience improvements

Smartgroup Corporation Ltd reported a strong set of results for the 2025 financial year, with record customer growth, increased earnings, and continued progress on its strategic priorities. The company grew its active salary packages by 10% to 491,000, novated leases under management by 15% to 85,300, and fleet-managed vehicles by 9% to 35,200. This customer growth, combined with a focus on yield management, drove an 8% increase in revenue to $329.3 million and an 11% increase in NPATA to $80.2 million. Smartgroup also delivered a 14% increase in EBITDA to $135.3 million, with the EBITDA margin expanding by 2 percentage points to 41%. The company continued to invest in its digital capabilities and technology, launching a new digital salary packaging sign-up journey, a new corporate website, and enhancing its car leasing portal and novated leasing distribution partner portal. These investments, along with improvements in operational efficiency, resulted in a 16% increase in customers per operations FTE. Smartgroup also expanded its fleet funding offering by onboarding an external provider, Volkswagen Financial Services Australia, and delivered new strategic partnerships, including with BMW Financial Services and Finspo. The company maintained a strong and flexible balance sheet, with net debt to EBITDA of 0.3x, supporting future investment opportunities.

Smartgroup expects to deliver continued growth in FY2026, with technology capex expected to be in the range of $11-13 million.

Smartgroup remains focused on executing its strategic priorities, which include driving customer-focused, digital, and efficient salary packaging offerings; maintaining leadership in novated leasing via electric vehicles; innovating its product propositions to meet growing customer needs; and targeted investment in its fleet capabilities. The company is targeting a mid-40s EBITDA margin by 2027 as it realizes scale benefits from its strategic initiatives.