McMillan Shakespeare reported a 12.3% increase in revenue from ordinary activities to $521 million, up from $464 million in the prior year.
This considerable growth has been attributed to strong performances across their group remuneration services, asset management services, and plan and support services segments.
Net profit after tax attributable to members grew 39.7%, reaching $90.1 million compared to $64.4 million in the previous year.
The company highlighted that underlying net profit after tax and acquisition amortisation also saw significant growth, increasing by 36.1% to $90.4 million.
The normalised UNPATA, which accounts for adjustments related to Onboard Finance (Warehouse), rose by 38.2% to $107.6 million.
In response to these positive results, McMillan Shakespeare Limited has declared a fully franked final dividend of 78 cents per share, to be paid on Sept. 27, bringing the total dividend for the year to $1.54 per share.
CFO and Company Secretary Ashley Conn commented, "This release showcases a year of strong organic growth and strategic execution for MMS."
The dividend aligns with the company’s commitment to return value to shareholders.
During the fiscal year, McMillan Shakespeare disposed of non-core operations, including the sale of subsidiaries United Financial Services and Maxxia.
The company focused on strategic initiatives and achieved key milestones in customer experience, technology productivity, and expanding solutions, contributing to the overall financial success.
As the company continues into FY25, McMillan Shakespeare Limited remains optimistic about further growth and operational efficiency, with plans to capitalise on market conditions and maintain a high level of service and financial performance.