• 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 strong 1H25 results, with underlying NPAT up 20.9% to $128.1m and interim dividend up 15.6% to 7.80 cps. The Group delivered strong underlying EBITA growth of 14.6% to $262.4m, driven by 9.1% organic growth and 5.5% acquisition growth. The 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 Group'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 year-to-date. The Board has reaffirmed previous FY25 guidance, except for a revision to the EBITA guidance range to $585m - $595m.

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.

The Group continues to execute its proven business model, making accretive acquisitions, growing organically, optimising subsidiary performance, and focusing on margins and expense discipline.