McMillan Shakespeare

MMS.ASX

Industrials

Salary packaging, novated leasing, disability plan management, support coordination, asset management and related financial products and services.

Market Data

Price

$18.260

-0.0%
Market Cap

$1.3B

P/E Ratio

12.8x

EPS

$1.430

Div. Yield

7.61%

52-Week Change

+0.1%

Latest Earnings

Appendix 4D and Interim Financial Report

23 February 2026

Revenue
$297.40
+7.4% YoY
NPAT
$49.60
+9.7% YoY
EPS
$0.72
Dividend
$0.62

McMillan Shakespeare delivered solid HY26 results with revenue up 7.4% to $297.4M and NPAT from continuing operations rising 9.7% to $49.6M, though total NPAT was slightly lower at $49.4M due to discontinued operations. The company grew across all key metrics including salary packages (+1.7%), novated leases (+7.0%), and PSS customers (+16.1%), while declaring a 62 cent fully franked interim dividend and announcing a $10M share buyback program. Key points: Strong customer growth across all segments: salary packages +1.7% to 387.5k, novated leases +7.0% to 82.1k, PSS customers +16.1% to 43k; Productivity gains with 'Customers per FTE' rising 14.1% and cost to income ratio improving to 59.7%; Declared 62 cent fully franked interim dividend (~85% of UNPATA) with 7.2% yield (10.3% including franking)

Recent Announcements

28 May 2026 Sph Neutral

Ceasing to be a substantial holder

State Street Corporation ceased to be a substantial holder.

19 Mar 2026 Sph Neutral

Becoming a substantial holder

State Street Corporation became a substantial holder (5.20%).

6 Mar 2026 Sph Neutral

Ceasing to be a substantial holder

State Street Corporation ceased to be a substantial holder.

3 Mar 2026 Sph Neutral

Becoming a substantial holder

State Street Corporation became a substantial holder (5.35%).

23 Feb 2026 Actual Results Positive

Appendix 4D and Interim Financial Report

McMillan Shakespeare delivered solid HY26 results with revenue up 7.4% to $297.4M and NPAT from continuing operations rising 9.7% to $49.6M, though total NPAT was slightly lower at $49.4M due to discontinued operations. The company grew across all key metrics including salary packages (+1.7%), novated leases (+7.0%), and PSS customers (+16.1%), while declaring a 62 cent fully franked interim dividend and announcing a $10M share buyback program. Key points: Strong customer growth across all segments: salary packages +1.7% to 387.5k, novated leases +7.0% to 82.1k, PSS customers +16.1% to 43k; Productivity gains with 'Customers per FTE' rising 14.1% and cost to income ratio improving to 59.7%; Declared 62 cent fully franked interim dividend (~85% of UNPATA) with 7.2% yield (10.3% including franking)

17 Feb 2026 Date Announcement Neutral

Earnings Release - 26 February 2026

Upcoming earnings release expected 26 February 2026 (from Yahoo Finance (estimated))

28 Aug 2025 Actual Results Neutral

Appendix 4E and Annual Report to Shareholders

McMillan Shakespeare delivered normalised revenue growth of 3.0% to $541.6m and normalised UNPATA of $103.2m (down 4.1%), with statutory NPAT of $95.3m reflecting 6.4% growth from continuing operations. The company declared a fully franked dividend of 148 cents per share (100% payout ratio) and maintains a strong balance sheet with 63.4% ROCE, though growth moderation was offset by strategic investments and the completion of the multi-year Simply Stronger digital transformation program. Key points: Normalised revenue growth of 3.0% across all three segments (GRS, AMS, PSS) demonstrating diversified growth; Strong return on capital employed at 63.4% with robust dividend policy of 100% normalised earnings payout (148 cents fully franked); Successful completion of multi-year Simply Stronger digital transformation program with new digital solutions (MyMaxxia, MyRemServ apps) achieving high adoption and app store ratings

Get real-time alerts for MMS

Receive AI-powered earnings summaries and instant notifications when McMillan Shakespeare releases results.

Register Free