Latest Fleet Management News

Tourism Holdings Limited (thl) reported a statutory net loss of $25.8 million for FY25 amid challenging market conditions but posted an underlying profit of $28.7 million. The company’s growth roadmap aims to exceed $100 million in annualised NPAT within four years, driven by rental expansion and operational efficiencies.

Janus Electric has inked a $5 million Memorandum of Understanding with EVUNI to distribute its electric drivetrain technology across Africa, marking a bold step in its international growth strategy.

JAYRIDE Group has secured its first enterprise SaaS client with Thailand’s GB Limousine, marking a pivotal shift to recurring revenue and enterprise-grade transport software.

Connexion Mobility Ltd reported a robust 14% revenue increase and a 32% rise in profit after tax for FY25, underpinned by its SaaS fleet management platforms and a significant share buyback program.

PentaNet Ltd reported positive operating cash flow for the June 2025 quarter and strengthened its financial position with a new $2 million equipment finance facility.

FleetPartners delivered a resilient 3Q25 performance with 5% growth in key metrics despite operational challenges from a major system upgrade. A recent $400 million asset-backed securitisation deal also improved funding costs, positioning the company for growth in underpenetrated markets.

Locate Technologies has raised an additional A$239,180 through its At-the-Market facility and expanded its Bitcoin treasury to over 10 BTC, reinforcing its financial strategy amid growth plans.

Jayride Group launches a new B2B SaaS platform aimed at transforming ground transportation with integrated payments, fleet management, and AI tools, promising higher margins and scalable growth.

Alliance Aviation Services has updated its FY25 financial guidance, aiming for EBITDA between $205-210 million while navigating operational disruptions and planning significant debt reduction by 2026.

Smartgroup Corporation Limited reported robust financial growth in 2024, driven by record customer numbers and a significant rise in electric vehicle leasing, positioning the company for a sustainable future.

FleetPartners Group Limited reported resilient 1H25 results with 6% growth in assets under management and a 13% rise in normalised earnings per share, despite temporary operational setbacks from its Accelerate system upgrade.

FleetPartners has wrapped up its Accelerate transformation, boosting operational efficiency and asset growth, even as net profit after tax excluding amortisation dipped 7% in 1H25. The group announced a $25.3 million share buy-back and a new Chief Strategy Officer to spearhead growth.