• Delivered record broker numbers & volumes
• 50% users on BrokerEngine Plus, with strong net promoter score approaching 50
• $2.5m in annual efficiency gains in AFG Securities

AFG Ltd reported strong FY25 results, with record broker numbers and volumes, 50% of brokers using the BrokerEngine Plus platform, and $2.5m in annual efficiency gains in AFG Securities. The company continues to execute on its strategic priorities, including growing its broker network, providing market-leading technology, and delivering higher margins through its distribution network. FY25 financial highlights include a 19% increase in EBITDA to $56.2m, a 21% increase in reported NPAT to $35.0m, and a 14% increase in gross profit to $139.2m. The Distribution segment saw a 10% increase in earnings to $68m, driven by growth in diversified products, subscription income, and higher volumes. The Manufacturing segment, which includes AFG Securities, saw a 53% increase in earnings to $16m, benefiting from a higher average loan book and improved net interest margin. The company continues to invest in growth initiatives, including broker investments, technology, and new product offerings, which are expected to contribute an additional $12m in annualised EBITDA. Overall, AFG has delivered strong results and is well-positioned to continue its growth trajectory.

AFG provided the following high-importance, price-sensitive forward-looking financial metrics for FY26:- Residential mortgage settlements of $101 billion, up 15% from FY25- AFG Securities loan book of $6.8 billion, up 17% from FY25- Net interest margin of 115-120 basis points, with the benefit of cash rate reductions flowing through to lower funding costs

AFG's outlook remains positive, with the company well-positioned to continue its growth trajectory. The company expects to benefit from continued broker network expansion, increased adoption of its market-leading technology, and further diversification of its product offering. AFG also expects to see ongoing efficiency gains and improved credit quality in its Manufacturing segment. The company remains focused on disciplined capital allocation and delivering strong returns for shareholders.