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 savings are being prioritized amid a flattening market, with premium rates tracking at 2.4% and strong renewal persistency. The acquisition pipeline is robust, regulatory engagement is positive, and international operations are expanding, supporting confidence in FY25 and FY26 guidance.
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Record financial results and dividend growth were reported, with new board appointments and a leadership transition. Strategic acquisitions and international expansion remain priorities, while the board addressed shareholder questions on remuneration, AI, and cybersecurity.
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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 financial growth, increased dividends, and strong international expansion were highlighted. The board addressed media scrutiny, regulatory changes, and succession planning, with all AGM resolutions passed except for a 15% protest on the Remuneration Report.
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Underlying EBITDA and NPAT rose over 20% year-over-year, driven by strong organic and acquisition growth. FY 2025 guidance targets continued margin improvement, AUD 300 million in acquisitions, and 7–9% premium rate increases, with no U.S. deals included.
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A refreshed three-year strategy prioritizes US expansion via ISU, leveraging technology, unique equity models, and operational improvements. Capital deployment will be measured, with a focus on margin expansion and maintaining a decentralized, entrepreneurial culture.