- Business
- Smartgroup Corporation Ltd (ASX:SIQ) provides outsourced employee benefits and administration services in Australia, focusing on salary packaging, novated leasing, fleet management, payroll administration, employee share plan administration, and workforce optimisation. The company operates through three segments: Outsourced Administration (OA), which offers salary packaging services, novated leasing and associated products, outsourced payroll services, and share plan administration; Vehicle Services (VS), which delivers end-to-end fleet management services; and Software, Distribution and Group Services (SDGS), which provides salary packaging software solutions, marketing of salary packaging debit cards, distribution of vehicle insurance, and workforce management software to the healthcare industry. It serves clients across government, not-for-profit (41%), health (25%), corporate, and education sectors through brands including Smartsalary, Smartleasing, Smartfleet, Smartsalary Payroll Solutions, Autopia, Advantage Salary Packaging, AccessPay, PBI Solutions, and Health-e Workforce Solutions.
Founded in 1999 and headquartered at Level 8, 133 Castlereagh Street, Sydney, New South Wales, Smartgroup employs around 870 staff and maintains operations exclusively in Australia, with approximately 566,000 last-twelve-months salary packaging customers from a potential 2.4 million eligible employees within its client base.
In recent developments, Smartgroup reported half-year 2025 revenue of $159.1 million (up 7% year-over-year), EBITDA of $63.6 million (up 13%), and NPATA of $38.1 million (up 12%), with active customers reaching 484,000 (up 20%), novated leases under management at 80,000 (up 24%), and fleet vehicles at 32,400 (up 6%). The company launched a new digital salary packaging sign-up journey, enhanced its car leasing portal to support novated leasing distribution partners, operationalised Intellihub’s Enreal for solar, battery, and energy optimisation solutions, implemented partnerships with BMW Financial Services and Stratton Finance, and introduced a mortgage referral offering with Finspo; its self-funded fleet pilot expanded to ~830 vehicles for ~50 organisations as at 30 June 2025, while EV orders comprised 48% of new car orders in the half.