AFG FY26 Half Year Results Investor Presentation
| Stock | Australian Finance Group Ltd (AFG.ASX) |
|---|---|
| Release Time | 18 Feb 2026, 8:15 a.m. |
| Price Sensitive | Yes |
AFG FY26 Half Year Results Investor Presentation
- Record outcomes across the business with 43% growth in Underlying NPATA
- Continued strong growth in AFG Securities with 99% lodgement growth in January 2026
- Delivering operating leverage with 19 percentage point reduction in underlying cost to income ratio
AFG reported strong financial results for the first half of FY26, with Underlying NPATA up 43% to $24 million and record outcomes across the business. The company's AFG Securities lending platform continued its rapid growth, with 99% lodgement growth in January 2026, and the company is delivering operating leverage with a 19 percentage point reduction in the underlying cost to income ratio. Residential settlements were up 19%, the AFG Securities closing book grew 24%, and asset finance settlements increased 20%. The company's broker services income, which now accounts for 20% of distribution earnings, grew for the 8th consecutive year. The manufacturing segment, which includes AFG Securities, delivered EBITDA growth of 141%, driven by record book growth and improved net interest margins. The company remains focused on executing its three strategic pillars of growing its broker network, providing market-leading technology, and delivering higher margins through its distribution network. The company declared a fully franked interim dividend of 4.7 cents per share, with a payout ratio between 50% to 70% of adjusted NPAT expected for FY26.
AFG provided the following high-importance, price-sensitive forward-looking financial metrics:- The AFG Securities loan book is expected to grow to $9 billion by the end of FY29, up from $6.3 billion at the end of H1 FY26, with the net interest margin expected to remain around 120 basis points.
AFG expressed confidence in its ability to deliver on its FY29 aspirations, citing structural drivers such as industry consolidation, the scaled nature of its broker network, resilient funding structures, and capital discipline. The company highlighted its consistent execution across its three strategic pillars as supporting its confidence in growing shareholder value.