• Underlying EBITA up 14.6% to $262.4m
• Underlying NPAT up 21% to $128.1m
• Interim dividend of 7.8 cents per share, fully franked

Steadfast Group Ltd has reported a strong set of financial results for the half year ended 31 December 2024. Underlying EBITA increased by 14.6% to $262.4 million, driven by revenue growth from price increases by insurers as well as moderate volume increases, further acquisition of insurance intermediary businesses, and a full period contribution from recent acquisitions. Underlying NPAT rose 21% to $128.1 million. The company declared an interim dividend of 7.8 cents per share, fully franked. The results reflect Steadfast's continued focus on organic growth and strategic acquisitions to maintain and grow its market position. The Group's gearing ratio increased to 24.8% at 31 December 2024, with the Board approving an updated gearing policy of a maximum 35% ratio. Steadfast reaffirmed its previous FY25 guidance, with the exception of a revision to underlying EBITA guidance to $585-595 million, subject to insurance premium price increases and completion of $300 million in acquisitions during FY25.

Underlying EBITA of $585.0 million to $595.0 million, Underlying NPAT of $290.0 million to $300.0 million, Underlying NPATA of $340.0 million to $350.0 million, and Underlying diluted EPS (NPAT) growth of 12% to 16% for the financial year 2025.

Steadfast's strategy is to grow shareholder value through maintaining and growing its market position both organically and through acquisitions, with a core focus on general insurance intermediation. The Group plans to complete $300 million in acquisitions throughout FY25, subject to insurance premium price increases of mid-single digits in the second half of FY25.