Smartgroup Corporation Ltd ( (STGXF) ) has released its Q4 earnings. Here is a breakdown of the information Smartgroup Corporation Ltd presented to its investors.
Smartgroup Corporation Ltd, an Australian company listed on the Australian Securities Exchange, specializes in salary packaging, employee benefits, novated leasing, and fleet management services across various sectors including government, healthcare, and education. In their latest earnings report, Smartgroup announced record revenues of $305.8 million for 2024, marking a 22% increase from the previous year. The company also reported an EBITDA of $118.7 million and a NPATA of $72.4 million, reflecting significant growth and strong financial performance. Key achievements include the successful transition of the South Australia Government’s workforce to Smartgroup’s services and the expansion of their customer base, with novated leases under management growing by 22% to 74,300. The company continues to invest in digital and technological advancements to enhance customer experience and scalability. Looking forward, Smartgroup aims to leverage its strong market position and digital initiatives to drive further growth and maintain its competitive edge in the industry.