• NPATA1 to shareholders up 1% on PCP
• Diminished contribution from TL Commercial business
• Strong growth in Novated Leasing and Asset Management & Lending segments

COG Financial Services Limited ('COG') has announced its unaudited results for H1 FY25. The results are presented for the Finance Broking & Aggregation ('FB&A') segment, Novated Leasing segment, Asset Management & Lending ('AM&L') segment, and the Other segment. The company's underlying performance, as measured by NPATA1 to shareholders, was up 1% on the prior corresponding period (PCP) after allowing for the diminished contribution of COG's TL Commercial operating lease business, which stopped writing new business in FY 20. In H1 FY 24, TL Commercial contributed NPATA to members of $1.2m, while in H1 FY 25 this was $0.1m. COG has replaced these earnings by investing in its other asset finance and novated leasing broking segments, which have shown strong growth. The Finance Broking & Aggregation segment reported NPATA of $5.0m, the Novated Leasing segment reported NPATA of $4.7m, and the Asset Management & Lending segment (excluding TL Commercial) reported NPATA of $2.7m. The Other segment, which includes the company's equity accounted associates Earlypay Limited (EPY) and Centrepoint Alliance Limited (CAF), reported a negative NPATA of $0.9m.