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FleetPartners Group Limited (ASX:FPR)

ALERT: Price-sensitive ASX Announcement for FPR
Current share price for FPR : $2.900 0.34 (13.28%)+
Announcement
Release
7 May 2026 8:26AM
Price at Release
$2.560
Full Release
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Summary
FleetPartners Group Limited reported its financial results for the first half of 2026, showcasing a resilient and cash-generative business model despite challenging macroeconomic conditions. The Group achieved a statutory net profit after tax of $37.1 million, up 7% from the previous corresponding period. Its cash generation remained strong, with net cash at $4.5 million as of 31 March 2026. The acquisition of Remunerator contributed significantly to growth, boosting Assets Under Management and Operating Fleet (AUMOF) by 6% to $2.4 billion. FleetPartners also announced an on-market share buy-back up to $20 million and declared a fully franked interim dividend of 11.9 cents per share, payable on 1 June 2026. Despite anticipated higher tax payments in Australia, the company maintains its dividend payout ratio target. Strategic focus areas include growth in large and small fleet markets and novated leasing, with an emphasis on operational efficiency and customer retention.
Key Points
  • Net profit after tax of $37.1 million, up 7% from prior year.
  • Strong cash generation with a net cash position of $4.5 million.
  • AUMOF increased by 6% to $2.4 billion, driven by Remunerator acquisition.
  • Declared a fully franked interim dividend of 11.9 cents per share.
  • On-market share buy-back of up to $20 million announced.
  • Strategic growth in large fleets, small fleets, and novated segments.
  • No corporate debt maturities until October 2028.
  • Continued focus on operational efficiency and customer retention.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.