Earnings Guidance for FY25
Stock | AUB Group Ltd (AUB.ASX) |
---|---|
Release Time | 6 May 2025, 5:50 p.m. |
Price Sensitive | Yes |
AUB Group Forecasts Strong FY25 Earnings
- Expects FY25 underlying net profit after tax (UNPAT) towards the top end of the outlook range
- Assumes usual seasonality/renewal cycle and favourable FX rates
- USD hedging program in place for ~85% of USD operational flows
AUB Group Limited (AUB) today announced that it is forecasting underlying net profit after tax (UNPAT) for FY25 towards the top end of the outlook range of AUD 190.0mn - AUD 200.0mn announced to the market on 25 February 2025. This is a result of favourable trading momentum. In estimating FY25 UNPAT, AUB has assumed the following: the usual seasonality/renewal cycle (40%/60% 1H/2H); FX rates for the 3 months to 30 June 2025 of GBP:AUD 2.08 and GBP:USD 1.33; and a USD:GBP hedging program in place for ~85% of USD operational flows for the 3 months to 30 June 2025. AUB Group Limited is an ASX200 listed group of retail & wholesale insurance brokers and underwriting agencies operating in ~595 locations globally, with over 5,500 team members working with ~1,000,000 clients to place more than AUD 10.0bn in insurance premiums.
AUB Group Limited is forecasting underlying net profit after tax (UNPAT) for FY25 towards the top end of the outlook range of AUD 190.0mn - AUD 200.0mn.