The headline numbers look too good to be true. Sadly, they are. But, to be fair, management are very transparent in presenting the constant currency numbers. Which are still ok, basically meeting my expectations.

Europe is going great. Australia is steady. US obviously has problems, but they are being addressed, and it is less than 20% of the business.

Overall there was organic revenue growth of 5%.

The dividend is up slightly and they have re-introduced some franking

Seems like a solid, steady-as-she-goes result

Happy to keep holding. [Unless Saas stocks have a further meltdown, ????]

Looks a pretty solid result to me. Obviously the market expected better - down over 10% today

Their forward guidance is very positive "EPS growth up to 19%" for FY26, although less in constant currency terms

I hold some in Super. Solid, safe and well managed, although possibly a bit boring for SM. Upside is capped, because most revenue comes from governments. But of course this also caps the downside.

If you buy at the current price, you get a basically 4% partially franked dividend yield, plus steady high-single-digit growth. Pretty safe 10 - 15% annual return if you hold for a few years