Australia's FleetPartners Group hits nearly 4-month high on share buyback plan

FleetPartners

12/05/2025 02:18

** FleetPartners Group FPR.AX rises 2.7% to A$3.06, highest since January 23

** Vehicle leasing co announces on-market share buyback of up to A$25.3 mln ($16.3 mln) for H2 FY25

** Reports A$2.3 bln in HY assets under management or financed (AUMOF), up 6% y/y

** Says it does not expect any direct impact from new S. tariffs so far

** However, posts 7% y/y fall in HY net profit after tax excluding amortisation

** Stock gains 13.8% YTD

($1 = A$1.5574)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))