• Underlying NPAT up 20.9% to $128.1m
• Interim dividend up 15.6% to 7.80 cps
• Steadfast Australasian Network brokers delivered 7.9% GWP growth

Steadfast Group Ltd has reported its 1H25 results, with underlying NPAT up 20.9% to $128.1m and underlying EBITA growth of 14.6% to $262.4m. The company's Steadfast Australasian Network brokers delivered 7.9% growth in gross written premium (GWP) to $6.5b, while Steadfast Underwriting Agencies generated $1.22b of GWP, an uplift of 11.7% over 1H24. The company's international businesses, including the recent acquisition of H.W. Wood's London and Greece businesses and HWI France, also performed ahead of expectations. Steadfast continued to execute its disciplined acquisition strategy, completing $198.9m of acquisitions in the period. The Board has declared a fully franked interim dividend of 7.8 cps, up 15.6% from 1H24. The company has reaffirmed its previous FY25 guidance for underlying NPAT and NPATA, but has revised its EBITA guidance range to $585m - $595m due to technical accounting requirements for recent acquisitions.

FY25 guidance range: Underlying EBITA $585m - $595m, Underlying NPAT $290m - $300m, Underlying NPATA $340m - $350m, Underlying diluted EPS (NPAT) growth 12% - 16%. Key assumptions include insurance premium rate increases of mid-single digits by strategic partners in 2H25 and completing $300m of acquisitions throughout FY25.