FleetPartners Group (ASX:FPR) upgraded its fiscal 2026 new business written guidance to high single-digit growth from a previous expectation for marginal growth, according to a Monday filing with the Australian bourse.
The company said it posted 8% growth in new business written in the year through its fiscal third quarter from the same period a year earlier.
Meanwhile, assets under management or financed are on track for mid single-digit growth in fiscal 2026, while its core margin is expected to be largely stable, per the filing.
FleetPartners said its end of lease income was impacted by lower disposal units in the fiscal third quarter, but is anticipated to improve in the fiscal fourth quarter albeit remaining below levels seen in the first and second fiscal quarters.
The company also expects unit sales volumes to rise in the fiscal fourth quarter "as the market emerges from the traditional winter seasonal slowdown."
FleetPartners Group's shares gained about 3% in recent Monday trade.