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The latest announcement is out from COG Financial Services Limited ( (AU:COG) ).
COG Financial Services Limited reported its unaudited H1 FY25 results, showing a slight 1% increase in underlying performance, despite decreased contributions from its TL Commercial operating lease business. The company has been focusing on growing its asset finance and novated leasing segments to replace these lost earnings. The results highlight a shift towards investing in other asset finance and novated leasing segments, positioning COG for potential future growth in the financial services market.
More about COG Financial Services Limited
COG Financial Services Limited operates in the financial services industry, focusing on three main business segments: Finance Broking & Aggregation, Novated Leasing, and Asset Management & Lending. As Australia’s largest asset finance group, COG facilitates over $8.9 billion annually in Net Assets Finance through its network of independent and equity-owned brokers. The company also provides novated leases, particularly benefiting from tax incentives on electric vehicles, and offers peer-to-peer lending for mortgage-backed business loans through its subsidiary Equity One.
YTD Price Performance: 0%
Average Trading Volume: 136,057
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$195.2M
Find detailed analytics on COG stock on TipRanks’ Stock Analysis page.
