Key points
- Record UNPATA and Underlying EPS up 13.8%
- Customer growth across all segments
- Strategy execution delivering improved operating margin up 250bps
Full summary
Mcmillan Shakespeare Ltd (MMS) has released its FY26 results, showcasing a robust performance with a 13.8% increase in both UNPATA and Underlying EPS. The company experienced growth across all segments, driven by strong digital engagement and customer satisfaction. Key highlights include a 24.9% increase in GRS UNPATA, a 6.8% rise in revenue, and a 7.2% increase in operating income. The strategy execution has led to a 250 basis points improvement in operating margin, reflecting enhanced distribution and productivity gains. MMS also maintained a strong balance sheet with a net debt to EBITDA ratio of 0.4x and a solid cash conversion rate of 111%. Looking ahead, MMS anticipates a supportive environment for business growth, driven by factors such as the momentum in novated lease sales, demand for salary packaging, and ongoing execution of strategic priorities.
Guidance
FY26 UNPATA 107.9m, Underlying EPS 1.55 per share, ROCE 62.1%
Outlook
MMS enters FY27 from a position of strength with a supportive environment for business growth.