Mcmillan Shakespeare Ltd
ASX:MMS

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Mcmillan Shakespeare Ltd Logo
Mcmillan Shakespeare Ltd
ASX:MMS
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Price: 13.7 AUD -2.56% Market Closed
Market Cap: AU$954.1m

Mcmillan Shakespeare Ltd
Investor Relations

McMillan Shakespeare Ltd. engages in providing salary packaging, vehicle leasing and administration services. The company is headquartered in Melbourne, Victoria and currently employs 1,286 full-time employees. The company went IPO on 2004-03-15. The firm's segments include Group Remuneration Services, Asset Management and Retail Financial Services. Group Remuneration Services segment provides administrative services for salary packaging and facilitates the settlement of motor vehicle novated leases for customers, excluding financing ancillary services associated with motor vehicle novated lease products. Asset Management segment offers financing and ancillary management services associated with motor vehicles, commercial vehicles and equipment. Retail Financial Services segment provides retail brokerage services, aggregation of finance originations and extended warranty cover. The firm operates in Australia, United Kingdom and New Zealand.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Feb 22, 2026
AI Summary
Q2 2026

Revenue Growth: McMillan Shakespeare reported revenue of $297.4 million, up 11.2% compared to the previous year’s normalized period.

Profitability: EBITDA rose 4.8% to $84.7 million, UNPATA was up 1.4% to $50.3 million, and statutory NPAT increased 9.7% to $49.6 million.

Operating Margin: Operating margin held steady at 40.3%, slightly above the prior normalized period, with the cost-to-income ratio improving to 59.7%.

Dividend and Buyback: A fully franked interim dividend of $0.62 per share was declared (85% payout ratio, 7.2% yield), alongside a new on-market share buyback of up to $10 million.

Productivity Gains: Significant productivity improvements flowed from digital investments, with customers per FTE up 14.1%, and increased use of AI and automation across the business.

Segment Highlights: GRS revenue grew 16.6%, AMS revenue was up 6.9%, and PSS customers increased 16.1% (though PSS EBITDA declined due to fee removal).

Outlook: Management expects second half UNPATA to benefit from customer growth, increased Onboard Finance receivables, and continued efficiency gains.

Key Financials
Revenue
$297.4 million
Operating Income
$210.1 million
EBITDA
$84.7 million
UNPATA
$50.3 million
Statutory NPAT
$49.6 million
Earnings Per Share
$0.723
Operating Margin
40.3%
Cost to Income Ratio
59.7%
Dividend Per Share
$0.62
Dividend Yield
7.2%
Capital Returns
$53.2 million
Share Buyback
$10 million
Salary Packages
387,500
Novated Leases
82,100
Fleet Units
15,400
PSS Customers
43,000
ROCE
62.8%
Cash Conversion
88%
Onboard Finance Receivables
$539 million
Oly SME Clients
1,038
Other Earnings Calls
2026
2025

Management

Mr. Roberto De Luca BEC, M.B.A.
MD, CEO & Director
No Bio Available
Mr. Nick Hamilton
Acting Chief Financial Officer
No Bio Available
Mr. Wallace Yim
Chief Information Officer
No Bio Available
Ms. Helene Gordon
Chief People Officer
No Bio Available
Ms. Kylie Chambers
Chief Executive Officer of Group Remuneration Services
No Bio Available
Mr. Adam Morrison
Chief Executive Officer of Asset Management Services
No Bio Available
Himesha Jayasinghe
Sustainability Manager
No Bio Available
Ms. Denise Tung
Chief Digital Officer
No Bio Available
Mr. Anthony Vella
Chief Transformation Officer
No Bio Available
Ms. Verity Gilpin
Chief Executive Officer of Plan & Support Services
No Bio Available

Contacts

Address
VICTORIA
Melbourne
L 21 360 Elizabeth St
Contacts
+61390973000.0
mmsg.com.au
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