FleetPartners posts strong earnings and high dividends

FleetPartners Group (ASX:FPR) reported a resilient performance for the half-year ended March 31, characterised by steady earnings growth and strong shareholder returns.

The group saw its statutory net profit after tax rise by 7% compared to the previous corresponding period, reaching $37.1 million.

Despite a 3% dip in end-of-lease income, the net profit after tax excluding amortisation grew to $39.6 million.

Operational momentum remains high, with April recording the largest pipeline for new business writings in a year, sitting 27% above the half-year monthly average.

The growth is bolstered by the acquisition and ongoing integration of Remunerator.

The board declared a fully franked interim dividend of 11.9 cents per share, representing a 65% payout of H1 FY26 NPATA.

Combined with an ongoing $20 million on-market share buy-back, the group continues to demonstrate a commitment to capital management.