The McMillan Shakespeare Ltd (ASX: MMS) share price is in focus today after the company delivered a record net profit after tax of $106.7 million for FY26, up 11.4%. Group revenue also climbed 6.8% to $602.1 million.
Image source: Getty Images
What did McMillan Shakespeare report?
- Revenue up 6.8% to $602.1 million
- Statutory net profit after tax (NPAT) from continuing operations up 11.4% to $106.7 million
- Underlying net profit after tax and amortisation (UNPATA) up 13.8% to $107.9 million
- Underlying EBITDA grew 14.1% to $180.7 million
- Fully franked final dividend of 70 cents per share, total FY26 dividend 132 cents per share
- Return on capital employed (ROCE) rose to 62.1%
What else do investors need to know?
McMillan Shakespeare saw healthy growth across all segments in FY26, with novated leases under management surging 13.5% to 90,000 and salary packaging customers up 7.1% to 402,000. The plan and support services business also expanded its customer base, and productivity gains were delivered through ongoing investments in technology, automation, and artificial intelligence.
The company reported a strong balance sheet, with net assets of $126.4 million and a low debt-to-EBITDA ratio of 0.4x. MMS also announced an on-market share buyback of up to $10 million to be executed over 12 months.
What's next for McMillan Shakespeare?
The company enters FY27 from a position of strength, expecting the supportive environment for novated leasing to continue, helped by ongoing electric vehicle incentives and cost-of-living pressures. Demand is anticipated to remain steady across salary packaging and fleet management, while the plan and support services segment is well placed for regulatory changes in the NDIS.
MMS plans to deliver productivity gains, broaden sales capability, and invest selectively in customer propositions as it continues to focus on growth, digital innovation, and enhancing customer experience.
McMillan Shakespeare share price snapshot
The McMillan Shakespeare share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of almost 8%.
