Half Yearly Report and Accounts

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Stock Australian Finance Group Ltd (AFG.ASX)
Release Time 28 Feb 2025, 8:10 a.m.
Price Sensitive Yes
 Australian Finance Group Ltd Announces 1H FY25 Results
Key Points
  • 1H25 revenue $626 million, up 11% on prior period
  • NPAT $15.3 million, up 6% on 1H24
  • AFG Securities loan book reaches record $5.1 billion, up 23% on December 2023
  • Fully franked interim dividend of 3.8 cents per share
Full Summary

Australian Finance Group Ltd (ASX: AFG) has announced its financial results for the first half of the 2025 financial year, reporting strong performance across its key business segments. The company's revenue increased by 11% to $626 million, while net profit after tax (NPAT) rose by 6% to $15.3 million compared to the prior corresponding period. The AFG Securities loan book reached a record $5.1 billion, up 23% on December 2023, driven by excellent lodgement and settlement activity. The company also completed two equity investments in broking groups during the half, which are expected to contribute up to an additional $7 million in EBITDA per annum. AFG's powerful distribution network, with stable earnings enabling capital-light growth, provides a platform for further positive expansion in the coming years. The company's major technology investments have been delivered, driving efficiencies for its brokers and resulting in high Net Promoter Scores (NPS) for new features. Looking ahead, AFG's CEO David Bailey stated that the company is well-positioned for continued growth, with favourable market conditions, an expanding distribution footprint, enhanced technology offerings, and increased loan book size instilling confidence in the company's upward earnings trajectory.

Guidance

AFG expects the combined recent strategic investments to contribute additional EBITDA of up to $7 million per annum.

Outlook

AFG's CEO David Bailey stated that the company is well-positioned for continued growth, with favourable market conditions, an expanding distribution footprint, enhanced technology offerings, and increased loan book size instilling confidence in the company's upward earnings trajectory.