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McMillan Shakespeare Limited (ASX:MMS)

ALERT: Price-sensitive ASX Announcement for MMS
Current share price for MMS : $19.790 0.31 (1.59%)+
Announcement
Release
28 Aug 2026 7:31AM
Price at Release
$19.480
Full Release
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Summary
McMillan Shakespeare Limited (ASX:MMS) released its Appendix 4E Preliminary Final Report and Annual Report for the financial year ended 30 June 2026, reporting strong growth across its salary packaging, novated leasing, asset management and disability plan management businesses; revenue from continuing operations rose to $602.1 million, profit after tax attributable to members from continuing operations increased to $106.7 million, and total statutory net profit attributable to members was $106.1 million after a small discontinued operations loss. The Board declared a fully franked final dividend of 70 cents per share, taking the full year dividend to $1.32 per share, with record novated leases under management of 90,000, salary packaging customers of 402,000, managed assets of about 16,000 and plan and support services customers of 44,000. The report highlights strong operating leverage, underlying EBITDA of $180.7 million, UNPATA of $107.9 million, ROCE of 62.1%, a strong balance sheet with net assets of $126.4 million and debt to EBITDA of 0.4x, alongside an approved on-market buy-back of up to $10 million. Strategically, MMS emphasised customer and partner experience, simplified scalable solutions and technology enablement, including growth in EV novated leasing, automation and AI initiatives, while the Annual Report also covers governance, risk management, remuneration, audited financial statements and first-year climate reporting under AASB standards.
Key Points
  • Appendix 4E covers the year ended 30 June 2026 for McMillan Shakespeare Limited.
  • Revenue from continuing operations was $602.1 million, up 6.9% from the previous year.
  • Profit from ordinary activities after tax attributable to members from continuing operations was $106.7 million, up 11.4%.
  • Total net profit attributable to members was $106.1 million after a small discontinued operations loss.
  • The Board declared a fully franked final dividend of 70 cents per share, bringing the full year dividend to $1.32 per share.
  • The final dividend record date is 11 September 2026 and payment date is 25 September 2026.
  • Net tangible assets per ordinary share were 0.53 cents, calculated including the lease right-of-use asset.
  • The financial report was audited by EY.
  • MMS operates across Group Remuneration Services, Asset Management Services and Plan and Support Services.
  • FY26 highlights included underlying EBITDA of $180.7 million and UNPATA of $107.9 million.
  • Underlying EPS was 155 cents and ROCE was 62.1%.
  • Salary packaging customers grew to 402,000 and novated leases under management rose to 90,000.
  • AMS managed assets were about 16,000 and PSS customers reached 44,000.
  • The balance sheet remained strong with net assets of $126.4 million and debt to EBITDA of 0.4x.
  • The Board approved an on-market share buy-back of up to $10 million.
  • The report notes strong demand for EV novated leasing and continued support from the EV FBT exemption settings.
  • Annual Report sections within the first 60 pages include shareholder letter, directors’ report, remuneration report and financial report.
  • MMS completed its first year of climate reporting under AASB standards within the Annual Report.
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.