McMillan Shakespeare Ltd

MMS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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McMillan Shakespeare Earnings: Executing Well but Fighting Margin Pressure

Shaun Ler

Feb 23, 2026

McMillan Shakespeare's first-half fiscal 2026 NPAT before impact of acquisitions and divestment-related items was flat at AUD 50 million. Revenue was up 11% while EBITDA grew 5%. Dividend payouts reduced to 85% of UNPATA from 100%, though the firm declared a AUD 10 million buyback. Shares fell 5%.

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McMillan Shakespeare Ltd

McMillan Shakespeare Earnings: Executing Well but Fighting Margin Pressure

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