Highlights

  • Smartgroup reported first-half FY2026 Revenue of A$179.5 million.
  • The company provides salary packaging, novated leasing and fleet management services.
  • Net profit increased 11% during the six months to 30 June 2026.
  • Smartgroup announced an on-market share buy-back during 2026.

Smartgroup Corporation Ltd (ASX:SIQ) provides salary packaging, novated leasing and fleet management services for employees across sectors including healthcare, charities, education, government and corporate organisations. The company’s FY2026 half-year results highlighted revenue growth, higher Earnings and continued activity across its service platforms.

FY2026 Half-Year Performance

Smartgroup delivered its half-year result for the six months to 30 June 2026 on 27 August 2026. Revenue increased 13% to A$179.5 million, while net profit increased 11% to A$42.4 million.

Earnings per share increased to 33 cents compared with 29 cents in the prior corresponding half. The company declared an Interim Dividend of 21.0 cents per share, representing a 10% increase from the prior year.

Business Operations and Service Platforms

Smartgroup operates through brands including Smartsalary, Smartleasing, Smartfleet and Autopia. The company provides salary packaging administration, novated leasing and fleet management services.

Its customer base includes employers in health, charity, education and government sectors, where employee benefit arrangements form an important part of workplace services.

The company’s revenue model is primarily based on administration fees and commissions associated with salary packages and vehicle arrangements.

Recent Developments and Future Areas to Monitor

In May 2026, Smartgroup announced an on-market share buy-back at its annual general meeting. An update on the buy-back was lodged with the ASX on 8 September 2026.

The company also announced a novated leasing Partnership covering the Chery and Omoda Jaecoo vehicle brands, expanding the vehicle Options available through its channel.

Future updates may provide further information on customer growth, employer relationships, vehicle Supply conditions and policy settings affecting salary packaging and novated leasing.

Key Insights

Smartgroup’s FY2026 half-year performance reflected growth across its workplace services model, supported by higher revenue and earnings. Future developments will depend on maintaining customer relationships, policy settings and continued activity across salary packaging and vehicle leasing services.