Eclipx Group Ltd. ( (ECXXF) ) has released its Q4 earnings. Here is a breakdown of the information Eclipx Group Ltd. presented to its investors.
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FleetPartners Group Limited, a leading provider of fleet management services in Australia and New Zealand, offers a comprehensive range of motor vehicle fleet services, including vehicle acquisition, leasing, in-life fleet management, and vehicle remarketing. The company also provides novated leasing and salary packaging services to customers in Australia.
In its latest financial report for the year ended 30 September 2025, FleetPartners Group Limited highlighted a slight decrease in net profit after taxes, excluding amortisation (NPATA) to $84.1 million from $87.7 million in the previous year. The company faced challenges such as lower end-of-lease income and increased provisions for fleet impairment, particularly concerning electric vehicles in New Zealand.
Key financial metrics revealed a decrease in net operating income (NOI) by $1.2 million, attributed to a reduction in vehicle sales and end-of-lease income. The company also experienced an increase in bad and doubtful debts by $1.4 million, mainly due to system migration issues in Australia and economic conditions in New Zealand. Despite these challenges, the Novated segment saw a significant increase in NOI by $6.4 million, driven by growth in the lease portfolio and increased demand for electric vehicles.
FleetPartners Group Limited’s financial position remains robust, with total assets increasing by 8% to $2,731.9 million. The company continues to focus on optimizing its funding strategy, maintaining undrawn corporate debt facilities of $65.0 million and undrawn warehouse facilities of $515.0 million.
Looking ahead, FleetPartners Group Limited remains committed to enhancing profitability and growth through strategic initiatives like the Accelerate program, which aims to consolidate operating systems and improve operational efficiency. The management is optimistic about future opportunities, particularly in expanding its electric vehicle offerings and leveraging its strong market position.