Key points
- Revenue increased by 13% to $179.5m
- Operating EBITDA up 16% to $73.8m
- Battery Electric Vehicles (BEVs) orders surged 162%
Full summary
Smartgroup Corporation Ltd reported its half-year results for the six months ended 30 June 2026, showing a 13% increase in revenue to $179.5m. Operating expenses rose 12% to $100.6m, while operating EBITDA increased 16% to $73.8m, with an EBITDA margin of 41%. Net profit after tax, adjusted (NPATA), was $42.4m, up 11%. Novated leasing settlements and battery electric vehicle orders saw significant growth. The company maintained a strong balance sheet with low net debt at 0.2x EBITDA. The board declared an interim dividend of 21.5 cents per share, fully franked.
Guidance
Target EBITDA margins in the mid-40s range for 2027
Outlook
Smartgroup sees a supportive environment for continued growth, with a focus on deepening relationships, growing novated leasing, salary packaging, and fleet, and executing strategic priorities.