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Smartgroup Corporation Ltd (ASX:SIQ)

ALERT: Price-sensitive ASX Announcement for SIQ
Current share price for SIQ : $13.300 3.51 (35.85%)+
Announcement
Release
6 May 2026 6:41PM
Price at Release
$9.790
Full Release
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Summary
Smartgroup Corporation Ltd provided a business update during the Macquarie Australia Conference 2026, highlighting strong financial performance in Q1 2026 with an 8% increase in average monthly revenue compared to the previous year. The company reported a significant rise in novated leasing orders by 22% and emphasized the continued demand for electric vehicles (EVs), supported by elevated fuel prices. The launch of a new mobile app and the use of AI and automation are part of Smartgroup's strategic priorities to enhance customer experience and operational efficiency. The company also retained all significant clients and secured new ones, reflecting its robust value proposition. Looking forward, Smartgroup targets mid-40s EBITDA margins by 2027, supported by a scalable and capital-light business model.
Key Points
  • Record Q1 financial performance with 8% revenue growth.
  • 22% increase in novated leasing orders year-over-year.
  • Strong demand for electric vehicles driven by high fuel prices.
  • Introduction of a new mobile app to improve customer engagement.
  • Continued focus on AI and automation for service delivery.
  • Retention of all significant clients and acquisition of new ones.
  • Targeting mid-40s EBITDA margins by 2027.
  • Government support for Electric Car Discount Policy aids EV uptake.
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.