Highlights

  • The company’s 26 August 2026 FY26 performance presentation reported underlying Revenue of AUD 399.8mn, a 9% year-on-year increase.
  • Salary Packaging reported AUD 31.0mn in underlying EBITDA attributable to shareholders, compared with AUD 16.5mn in FY25, an 88% increase.
  • Broking and Aggregation reported underlying EBITDA of AUD 24.5mn, unchanged from the adjusted prior year.

COG Financial Services Limited (ASX:COG) is an ASX-listed financial services business. The company was the subject of a 2026 market announcement focused on financial results and operating developments. Its 26 August 2026 announcement provides the basis for the following review.

FY26 Revenue and Earnings

The company’s 26 August 2026 FY26 performance presentation reported underlying revenue of AUD 399.8mn, a 9% year-on-year increase. Underlying EBITDA attributable to shareholders increased 28% to AUD 51.5mn from an adjusted AUD 40.3mn. Adjusted Earnings per share were 15.63 cents, up 27%. The release distinguished underlying revenue from interest income and stated that prior comparative figures had been adjusted for comparability.

Salary Packaging Growth

Salary Packaging reported AUD 31.0mn in underlying EBITDA attributable to shareholders, compared with AUD 16.5mn in FY25, an 88% increase. The segment reported 66% growth in Lease settlements, 51% revenue growth and a 98% rise in novated lease customers. Total salary packaging customers reached 68,510, up 31%. The segment’s net Assets financed rose 62% to approximately AUD 0.5bn.

Broking and Aggregation

Broking and Aggregation reported underlying EBITDA of AUD 24.5mn, unchanged from the adjusted prior year. Net assets financed rose 5% to AUD 8.5bn and revenue increased 3%. The company described organic activity together with a strategic acquisition. The stable EBITDA outcome differed from the faster earnings expansion in Salary Packaging.

Other Segments and Dividends

The Lending segment contributed AUD 1.2mn in underlying EBITDA, compared with AUD 1.9mn in FY25. The Other segment recorded a loss of AUD 5.2mn. The board declared a fully franked final Dividend of 3.5 cents per share, versus 3.0 cents the year before. The presentation specified a dividend Payout Ratio of 45.5% under its stated measure.

Business Overview

COG Financial Services Limited (ASX:COG) operates financial services businesses spanning salary packaging, equipment finance broking, aggregation and lending. The report described net assets financed and segment EBITDA as core indicators. The company’s growth profile therefore depends on leasing settlements, finance originations, Business mix, acquisitions and operating costs.

FY27 Focus and Monitoring Points

The presentation stated a target of at least 10% growth in EBITDA attributable to shareholders in FY27. It outlined salary packaging market-share initiatives, platform Investment and Acquisition opportunities. These are company-stated objectives and not reported FY27 results. Monitoring points include whether lease Volume growth translates into segment earnings and whether cost pressures change the group’s margins.

Key Takeaways

The 26 August 2026 document describes fy26 revenue and earnings and salary packaging growth for COG Financial Services Limited (ASX:COG). The comparisons, transaction details and reporting measures above retain the scope and period stated in that release. Further company announcements would be required to establish later financial or operational outcomes.