Smartgroup (SIQ) AGM 2026 summary

Opening remarks and agenda

• Meeting opened with acknowledgment of traditional owners and respect for Aboriginal and Torres Strait Islander cultures, confirming quorum and welcoming both in-person and online shareholders.

• Board members and key executives introduced, with mention of remote participation options and meeting procedures.

• Agenda included Chair's Address, MD and CEO's Address, 2025 Recap, Q1 2026 Trading Update, and Resolutions.

Financial performance review

• Revenue reached AUD 329.3 million (+8% YoY), with EBITDA up 41% to AUD 135.3 million and NPATA of AUD 80.2 million (+11% YoY), reflecting strong client growth and disciplined cost management.

• Since IPO, total shareholder return exceeded 1,011%, with AUD 649 million paid in fully franked dividends.

• Return on equity remained strong, and ordinary dividends were maintained at 60-70% of NPATA.

• Q1 2026 saw a 7% year-on-year increase in new, used, and refinanced vehicles, record customer numbers, 8% revenue growth YoY, and a 22% increase in novated leasing orders.

• Net profit after tax and amortization increased, supported by a capital-light business model and record levels in packaging customers, novated lease volumes, and fleet vehicles under management.

Board and executive committee updates

• Paul Rogan joined the board in March 2026, bringing governance experience; succession planning remains a focus for both executives and the board.

• Board comprised of seven non-executive directors and the Managing Director & CEO, with composition under review and plans to add another director this year.

• Re-election of directors John Prendiville and Deborah Homewood discussed, with both providing background and commitment statements.