COG Financial Services (COG) AGM 2026 presentation summary

Financial performance review

• Q1 FY27 underlying revenue $103.0m, up 8% YoY; underlying EBITDA $19.8m, up 33%, and NPAT $10.5m, up 35%.

• EBITDA to shareholders $15.3m, up 53% YoY; NPAT to shareholders $8.1m, up 59%, and NPATA to shareholders $9.9m, up 57%.

• Salary Packaging EBITDA to shareholders rose 128% to $10.7m; Broking & Aggregation increased 2% to $6.2m.

• Salary Packaging lease settlements rose 84%, revenue grew 56%, novated lease customers increased 37% and total salary packaging customers grew 22% YoY.

• Broking & Aggregation delivered steady Q1 performance; FY26 net assets financed reached $8.5bn, with commercial equipment financing demand sustained.

Strategic initiatives and plans

• FY27 EBITDA growth to shareholders target: 10% or better; growth priorities include salary packaging market-share gains, EV-led volume growth and accretive bolt-on acquisitions.

• Plans include continued investment in the aggregation platform to reduce client churn and scale, and Equity-One growth through geographic expansion and new fund development.

• At corporate debt to EBITDA of 1:1, substantial debt capacity remains available to support expansion.

• Novated leasing is positioned as a cost-of-living tool; lower EV prices and improving infrastructure are expanding the buyer market, while proposed EV legislation continues through parliament.