• New origination up 5% to $222m, loan pools up 11% to $972m
• Profit before tax up 68% to $10.8m, profit after tax up 59% to $6.2m
• Interim dividend of 3.50 cents per share declared

FSA Group Ltd has reported strong financial results for the first half of the 2026 financial year. The company's lending business generated new origination of $222m, a 5% increase compared to the prior corresponding period, while loan pools grew 11% to $972m. This growth was driven by increases in car loans and asset finance, which now make up 62% of the loan portfolio. The company's lending business generated a profit before tax of $11.7m, while the services business reported a loss of $0.9m. Overall, FSA Group reported a 27% increase in operating income to $38.8m, a 68% increase in profit before tax to $10.8m, and a 59% increase in profit after tax attributable to members to $6.2m. The company has declared a fully franked interim dividend of 3.50 cents per share. Looking ahead, the company is targeting further growth in new origination to over $600m per annum, with a profit before tax of $36m to $40m on a $1.3b loan pool. Achieving this will depend on factors such as broker take-up, funding, net margin, automation, and credit quality. The company also plans to continue its on-market share buyback program.

For the 2026 financial year, FSA Group is targeting profit before tax of between $23.5m to $25.9m, representing an increase of between 45% and 60% on the 2025 financial year. The company expects to pay a full year dividend of between 7 to 8 cents per share.

During 2026, FSA Group anticipates continued growth in new origination and loan pools. The company's net margin is improving, and it is experiencing the benefit of operating leverage as loan pools reach a sufficient scale. The company plans to continue its on-market share buyback program as opportunities arise.