• Net Profit After Tax (NPAT) surging 46% year on year to $22.4 million
• Underlying gross profit rose 16% to $78.8 million
• EBITDA increased 43% to $35.6 million

Australian Finance Group Ltd (ASX: AFG) has announced a record half year result for the six months ended 31 December 2025, reinforcing its position as a leading diversified financials business. This trajectory has continued into the second half of 2026 with record lodgements in January and a $1.2 billion term transaction priced in February that locks away more longer-term funding at favourable pricing, significantly reducing sensitivity to cash rate movements. The company posted a Net Profit After Tax (NPAT) of $22.4 million, up 46% on the previous corresponding period (HY25). Underlying gross profit rose by 16% to $79 million, while EBITDA surged by 43% to $35.6 million. The Group's return on equity increased to 21%, reflecting the quality and resilience of its annuity style earnings base, which now accounts for 74% of income. AFG's broker network continues to expand, with 1 in 9 residential home loans nationwide now written through an AFG broker. The Broker Investment program is gaining momentum, with five strategic broker group investments completed to date--all delivering earnings growth and expanding AFG's reach. Technology remains a core pillar of AFG's growth, with BrokerEngine Plus adoption rising by 23% and subscription income up 11%. AFG Securities, the Group's securitised lending business, delivered a record loan book of $6.3 billion, up 24% from HY25, with NIM expanding by 11 bps to 124 bps.

AFG has secured improved terms across most funding sources, significantly reducing near-term cash rate sensitivity and increasing confidence in earnings durability. The company's successful funding activity has materially strengthened the Manufacturing business.

As the broker channel continues to grow in importance as a primary distribution pathway for home lending, AFG is well positioned to benefit. The company remains focused on disciplined execution and investment through the cycle to deliver enduring value, with ongoing investment in broker support, technology, and higher margin products, supported by a robust balance sheet and high cash conversion, underpinning AFG's long-term growth.