COG Financial Services Reports Strong Q3 FY25 Performance with Novated Leasing Surge

COG Financial Services Limited ( (AU:COG) ) has provided an update.

COG Financial Services Limited reported a 5% increase in underlying performance for Q3 FY25, driven by strong growth in its Novated Leasing segment. The company experienced record volumes in March, attributed to the end of tax incentives for Plug-in Hybrid Electric Vehicles. COG has also strengthened its position as a government salary packaging and novated lease provider by joining panels for WA Police and Tasman Health Department. Despite a reduced contribution from its TL Commercial operating lease business, which ceased new business in FY20, COG continues to see significant growth opportunities through consolidation and organic expansion across its business segments.

More about COG Financial Services Limited

COG Financial Services Limited operates in three main sectors: Finance Broking & Aggregation, Novated Leasing, and Asset Management & Lending. It is Australia’s largest asset finance group, handling over $8.9 billion per annum in Net Assets Finance. The company is expanding through organic growth and equity investments, with a focus on equipment finance, insurance broking, and novated leasing, particularly benefiting from tax incentives on electric vehicles.

YTD Price Performance: 23.16%

Average Trading Volume: 223,872

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$236.2M

For detailed information about COG stock, go to TipRanks’ Stock Analysis page.