Smartgroup targets up to $94M profit
Key points
- Total novated leasing settlements grew 31% year-on-year in the third quarter of 2026.
- The company projects full-year NPATA to land between $92 million and $94 million.
- Management is accelerating second-half investments to expand partnerships and boost fleet capabilities.
Smartgroup (ASX:SIQ) expects its 2026 net profit after tax and amortisation to reach between $92 million and $94 million following strong third-quarter leasing demand.
The projected earnings follow a 31% year-on-year increase in total novated leasing settlements and a 33% increase in new orders excluding refinanced vehicles.
"With the transformation programme progressing to plan, and based on current market conditions, we continue to target EBITDA margins in the mid-40s range during 2027," said Smartgroup Managing Director and CEO Scott Wharton.
The company confirmed that 2026 capital expenditure remains on track at $13 million to $15 million, with electric vehicles accounting for a large portion of sub-$80,000 orders.
Following the announcement, the Smartgroup share price was unchanged at $11.16.
Smartgroup stated that it anticipates second-half operating margins to match the first half while targeting margins in the mid-40% range during 2027.
The group stated that its strategic plan focuses on technological transformation and expanding direct ties with vehicle manufacturers and automotive dealer networks.
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