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How Smartgroup’s EV Leasing Boom is Powering Record 2024 Growth

2:35am on Monday 2nd of June, 2025 AEST Financial Services
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How Smartgroup’s EV Leasing Boom is Powering Record 2024 Growth

2:35am on Monday 2nd of June, 2025 AEST
Key Points
  • 2024 revenue up 22% to $305.8 million
  • NPATA increased 15% to $72.4 million with strong cash flow conversion
  • Novated leases under management grew 22% to 74,300 vehicles
  • Electric vehicles accounted for 44% of new orders in 2024 and 51% in Q1 2025
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