McMillan Shakespeare (MMS) H1 2026 earnings summary

Executive summary

• Revenue grew 11.2% year-over-year to $297.4m, with operating income up 4.4% to $210.1m and EBITDA up 4.8% to $84.7m.

• UNPATA increased 1.4% to $50.3m, and statutory NPAT rose 9.7% to $49.6m from continuing operations.

• EPS rose 1.4% to 72.3c.

• Strategic investments in technology and automation drove productivity gains and improved customer experience.

• Fully franked dividend of 62c per share declared, with a total return to shareholders of $53.2m, including a $10m share buyback.

Financial highlights

• Revenue up 11.2% year-over-year to $297.4m; operating income up to $210.1m.

• EBITDA increased 4.8% to $84.7m; UNPATA up 1.4% to $50.3m.

• Statutory NPAT up 9.7% to $49.6m.

• Cost-to-income ratio improved to 59.7% from 59.9% year-over-year.

• Dividend payout at ~85% of UNPATA, with a yield of 7.2%.

Outlook and guidance

• 2HFY26 UNPATA expected to benefit from customer growth, increased Onboard Finance receivables, and efficiencies from prior investments.

• Monitoring government review of Electric Car Discount scheme and NDIS price review.

• Share buyback of up to $10m to be executed over the next 12 months.

• Disciplined approach to capital allocation and investment in technology and customer experience.