COG financial services sees stable revenue, increased earnings in FY2025

COG Financial Services Limited announced its FY2025 results, reporting revenue of $363.5m, a 1% increase on the prior comparative period (pcp), and NPATA to shareholders of $24.0m, a 1% decrease on pcp but a 4% increase on adjusted pcp. EBITDA to shareholders rose by 4% to $38.4m, while EPSA decreased by 4% to 12.00 cps. The company declared a final dividend of 3.0 cents per share, resulting in a payout ratio of 50.6%.

The company highlighted solid volumes despite the conclusion of the instant tax asset write-off, with $8.4bn in net assets financed. Strategic acquisitions during the year totaled $15.1m, including a 100% controlling interest in Community Salary Packaging and a 70% controlling interest in AAA Finance and Insurance (Australia) Pty Ltd. COG also divested from non-core investments to focus on its core operating segments of Broking and Salary Packaging.

The Novated Leasing segment demonstrated continued strong momentum, with revenue growth of $10.7m, largely driven by organic growth and FBT incentives for electric vehicles. EBITDA margin for Novated Leasing increased to 37.6%. Asset Management & Lending revenue grew by $3.9m, but EBITDA margin contracted to 17.8% due to compressed lending margins and technology infrastructure investments.