Appendix 4D and Half Year Financial Report
| Stock | Steadfast Group Ltd (SDF.ASX) |
|---|---|
| Release Time | 24 Feb 2026, 5:23 p.m. |
| Price Sensitive | Yes |
Steadfast Group Reports Half Year Financial Results
- Revenues from ordinary activities up 16% to $900.7 million
- Underlying EBITA before non-trading items up 13% to $293.6 million
- Statutory NPAT up 19% to $127.0 million, Underlying NPAT up 7% to $137.5 million
Steadfast Group Limited has reported a strong financial performance for the half year ended 31 December 2025. Revenues from ordinary activities increased by 16% to $900.7 million, while underlying EBITA before non-trading items grew by 13% to $293.6 million. Statutory NPAT increased by 19% to $127.0 million, and underlying NPAT rose by 7% to $137.5 million. The company's performance was driven by moderate price increases by insurers, further acquisitions of insurance intermediary businesses, and the full period contribution from Rothbury Group and other businesses acquired in FY25. During the period, total equity decreased by $51.4 million, primarily due to the payment of the final FY25 dividend and reductions in other reserves from step-up acquisitions. The company's gearing ratio increased to 33.4% at 31 December 2025, up from 28.6% at 30 June 2025, following the deployment of debt drawdowns on acquisitions and the purchase of additional equity interests in existing subsidiaries. The company has also entered into $180.0 million of new bilateral loan facilities, increasing its total facility capacity to $1,080.0 million.
Steadfast Group reaffirms its FY26 guidance, with underlying NPATA of $365.0 million to $375.0 million, underlying NPAT of $315.0 million to $325.0 million, and underlying EBITA of $650.0 million to $665.0 million. The guidance is subject to achieving a 2% to 3% increase in pricing of insurance premiums in Australia.
Steadfast Group's strategy is to grow shareholder value through maintaining and growing its market position both organically and through acquisitions, with a core focus on general insurance intermediation. The company has also announced changes to its segment disclosures and the calculation of underlying EBITA and NPATA, which are presentational in nature and do not reflect any changes to the underlying performance of the business.