1H25 Results - Investor Presentation

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Stock AUB Group Ltd (AUB.ASX)
Release Time 25 Feb 2025, 8 a.m.
Price Sensitive Yes
 1H25 Results - Investor Presentation
Key Points
  • Sustained strong growth with Group revenue +12.1% and UNPAT +13.0%
  • Continued progress to medium-term margin targets
  • FY25 UNPAT guidance of $190mn- $200mn re-affirmed
Full Summary

AUB Group Limited (ASX: AUB) reported strong 1H25 results, with Group revenue growing 12.1% and Underlying NPAT increasing 13.0%. The company saw double-digit revenue growth across most divisions, including Australian Broking (+10.1%), BizCover (+16.5%), Agencies (+26.1%), and New Zealand (+18.7%). The International division made significant progress, with the restructuring of Tysers into Wholesale, UK Retail, and International Agencies segments. On a normalised basis, the International division delivered revenue growth of 10.4% and profit growth of 18.2%. AUB continued to execute its growth strategy, completing three acquisitions and seven equity step-ups in the period. The company also reaffirmed its FY25 UNPAT guidance of $190mn- $200mn and continues to make progress towards its medium-term EBIT margin targets across the divisions. The balance sheet remains strong, with the company raising an additional $250mn in debt facilities to fund the Tysers earn-out and support future growth.

Guidance

FY25 UNPAT guidance of $190mn- $200mn.

Outlook

The company's long-term strategy remains consistent, with priorities aligned to opportunities in M&A, new business growth, improved commercial arrangements, and cost reduction through technology. The company sees high potential in Retail Broking (AU, NZ) and International, with medium to high potential in Underwriting Agencies across all geographies.