McMillan Shakespeare Ltd Announces Record FY26 Results
Key points
- Group Revenue grew by 6.8% to $602.1m
- EBITDA rose 14.1% to $180.7m
- Customer growth across all segments
- Strong and flexible balance sheet
- Attractive returns for shareholders
Full summary
McMillan Shakespeare Ltd (ASX: MMS) announced its full-year results for the 12 months ended 30 June 2026. The company reported a 6.8% increase in group revenue to $602.1 million. EBITDA rose by 14.1% to $180.7 million, with operating margin expanding by 250 basis points to 41.5%. The company saw customer growth across all segments, with notable increases in novated leases, salary packages, and battery electric vehicles (BEV). Onboard Finance receivables grew by 16.6% to $587 million. The company's balance sheet remains strong, with a debt-to-EBITDA ratio of 0.4x and no debt facilities due in the next 12 months. Shareholders received an annual fully franked dividend of $1.32 per share, representing a dividend yield of 6.6%.
Guidance
FY27 Outlook: Novated sales momentum up 8%, EV FBT exemption certainty, demand for salary packaging
Outlook
The company expects a supportive environment for business growth in FY27, driven by continued demand for EVs, salary packaging, and productivity gains.
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