Australia · Delayed Price · Currency is AUD Steadfast Group Earnings Call Transcripts
Fiscal Year 2026
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First half FY26 saw strong revenue and EBITDA growth, disciplined capital management, and robust acquisition activity. Guidance for FY26 is reaffirmed, with expense savings and acquisition contributions expected to drive a stronger second half.
Fiscal Year 2025
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Organic growth and cost efficiencies are prioritized as market conditions flatten, with stable or rising commission and premium rates. Acquisition activity remains strong, regulatory engagement is constructive, and technology adoption is driving network and product innovation. International operations are expanding, and FY26 guidance remains unchanged.
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Record profit and dividend growth were reported, with continued disciplined acquisitions and a strong focus on governance. Board renewal saw Vicki Allen become Chair and Michael Goodman elected. Shareholders approved all resolutions, and AI and cybersecurity were highlighted as strategic priorities.
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Delivered double-digit growth in NPAT, NPATA, and EBITDA for FY 2025, driven by organic and acquisition growth, technology investments, and international expansion. Guidance for FY 2026 targets continued EPS growth of 6%–10% and robust capital flexibility.
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Double-digit growth in both organic and acquisition metrics drove strong half-year results, with reaffirmed FY25 guidance and a 15.6% dividend increase. International expansion, margin improvement, and disciplined capital management position the group for continued growth.
Fiscal Year 2024
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Record profit growth, increased dividends, and major acquisitions highlighted the year. The board addressed regulatory changes, media scrutiny, and succession planning, with all AGM resolutions passed by strong majorities. Shareholders engaged actively on transparency and governance.
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Underlying EBITDA and NPAT grew over 20% year-over-year, driven by strong organic and acquisition growth. Segment performance was robust, with broking and underwriting agencies delivering double-digit gains, and a solid acquisition pipeline supports FY 2025 guidance. Premium rate increases and regulatory changes remain key factors.
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International expansion is centered on the US, with a disciplined, quality-focused approach and significant investment in technology and equity partnerships. Operational improvements, leadership succession, and compliance enhancements support ongoing growth across all regions. Margin expansion and disciplined M&A remain priorities.