Operator

Thank you for standing by, and welcome to the FleetPartners Group Limited 2026 Half Year Results. [Operator Instructions] And finally, I would like to advise all participants that this call is being recorded. Thank you.

I'd now like to welcome Damien Berrell, Chief Executive Officer, to begin the conference. Damien?

Damien Berrell
CEO, MD & Director

Thank you, and good morning. It's great to be with you today to present FleetPartners' FY '26 first half results. I'm joined today by our Chief Financial Officer, James Owens.

Before we begin, I would like to acknowledge the traditional custodians of the lands and waterways across Australia and pay my respects to elders past and present.

1H '26 saw a positive start to the year for the group. We delivered NPATA growth and our seventh consecutive half of AUMOF growth. Momentum in new business writings is building on the back of a clear strategy and disciplined execution.

Strong cash generation continued, enabling a fully franked interim dividend at a grossed-up yield of 13%. And finally, the business has proven resilience, positions us well to navigate ongoing macroeconomic and geopolitical uncertainty.

Let's explore these points in more detail, starting on Slide 6 with our first half '26 financial performance highlights. There are 2 key messages that stand out from today's financial results. First, FleetPartners continues to present a defensive investment underpinned by consistent performance. Despite flat new business writings, we again grew AUMOF and core income and delivered a return to NPATA growth in