• Record New Business Writings of $924m, 21% growth
• Assets Under Management/Financed reached $2.3b, 11% growth
• Majority of Novated vehicles leased were electric (53%)

The Chair of FleetPartners Group Ltd, Gail Pemberton, opened the company's 2025 Annual General Meeting by acknowledging the traditional owners of the land and welcoming the board, executive team, and other attendees. She provided a brief overview of the company's performance in the 2024 financial year, highlighting that FY23 was a transitional year as the business transitioned to the new Fleet Partners brand and commenced the Accelerate business transformation program. In FY24, the company saw the easing of supply chain constraints, which drove record New Business Writings of $924 million, representing 21% growth compared to the prior year, and a record level of Assets Under Management or Financed of $2.3 billion, up 11% year-on-year. The Chair noted that the majority of vehicles leased in the Novated business, at 53%, were electric vehicles, demonstrating the high demand for these vehicles. The company's NOI-pre EOL and provisions was up 5%, driven by the strong growth in Assets Under Management/Financed, partially offset by reduced management fees and commissions due to the higher volume of warehouse funding versus P&A in FY24. NPATA at $88 million was slightly down by 1% compared to the prior year. The Chair also highlighted the company's achievements in environmental, social, and governance (ESG) initiatives, including the endorsement of its 'Reflect' Reconciliation Action Plan by Reconciliation Australia, the release of its second Sustainability Report, and the successful inaugural $75 million Green Bond issuance. The Chair concluded by expressing her appreciation to the team, customers, investors, and capital market partners for their support, and invited the Managing Director and CEO, Damien Berrell, to address the meeting.

The company reported record New Business Writings of $924 million in FY24, representing 21% growth compared to the prior year, and a record level of Assets Under Management or Financed of $2.3 billion, up 11% year-on-year. The majority of vehicles leased in the Novated business, at 53%, were electric vehicles.