• NPATA excluding EOL up 7% to $19.3 million
• Statutory net profit after tax up 7% to $37.1 million
• Positive momentum in new business writings, with April 2026 pipeline 27% above 1H26 average
• Interim dividend of 11.9 cents per share, representing 65% of 1H26 NPATA

FleetPartners Group Limited (ASX: FPR) has released its results for the half-year ended 31 March 2026 (1H26). The company's performance reflects the quality and resilience of its earnings, with Net Profit After Tax excluding Amortisation (NPATA) excluding EOL of $19.3 million, up 7% compared to the prior corresponding period (pcp). NPATA, including EOL, was $39.6 million, up 2% compared to pcp, despite a 3% reduction in EOL. Statutory net profit after tax was $37.1 million, up 7% on pcp. The group saw positive momentum in new business writings, with April 2026 reflecting the largest pipeline balance for the last 12 months and 27% above the 1H26 monthly average. The company also announced an on-market share buy-back of up to $20 million and declared a fully franked FY26 interim dividend of 11.9 cents per share, payable on 1 June 2026 and representing 65% of 1H26 NPATA. Cash EPS was 18.5 cents per share, up 9% on pcp. The acquisition of Remunerator was completed on 8 December 2025 and is performing in line with expectations. The company is actively monitoring and managing potential impacts of the evolving geopolitical conditions, with no direct exposure to fuel price movements and strong funding availability and liquidity.

Core margin is expected to remain broadly stable relative to AUMOF growth. End of lease income was stable in 1H26, albeit the used vehicle market saw softening demand for ICE vehicles in recent weeks. Operating expenses are expected to be $98.5 - $99.5 million in FY26, including costs related to the acquisition of Remunerator.

FleetPartners' business model remains resilient, with momentum expected to continue building through 2H26. While market conditions remain challenging, the group is targeting marginal growth in new business writings for FY26. The policy environment for zero emission vehicles has been highly supportive of Novated BEV demand, and the group expects to continue delivering strong cash generation, enabling consistent distributions to shareholders through the cycle.