1H26 Results - Investor Presentation

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Stock Steadfast Group Ltd (SDF.ASX)
Release Time 24 Feb 2026, 5:42 p.m.
Price Sensitive Yes
 1H26 Results - Investor Presentation
Key Points
  • Continued strong track record since listing on ASX
  • Proven, resilient and adaptable business model
  • Expense management discipline
Full Summary

Steadfast Group reported strong financial results for 1H26, with underlying NPATA of $161.5m (up 6.3%), underlying NPAT of $137.5m (up 7.3%), and underlying EBITA of $293.6m (up 12.6%). The company completed $238.9m (net cost) of EPS accretive acquisitions in 1H26 and has $195m of acquisitions planned for 2H26, maintaining its disciplined approach to acquisitions. Expense management initiatives undertaken in 1H26 are expected to provide ~$7m in head office expense reductions and a further ~$4m in subsidiary expense savings in 2H26. The company reconfirmed its previously announced FY26 guidance and sees scope for medium-term EBITA margin improvement. The Steadfast Australasian broker network grew GWP by 4.4% to $6.4b, with organic growth of 2.2% and 1.7% from the authorised representative network. The Steadfast Underwriting Agencies segment achieved 3% GWP growth to $1.2b, with 2.3% organic growth and 0.7% from acquisitions. The international businesses, including ISU Steadfast and HWS Specialty, performed strongly and exceeded 1H26 budgeted EBITA. The company remains focused on delivering sustainable growth and margin enhancement through increased subsidiary oversight, broker hubbing, and ongoing investment in technology, data, and AI capabilities.

Guidance

Steadfast Group reconfirmed its previously announced FY26 guidance and sees scope for medium-term EBITA margin improvement.

Outlook

Steadfast Group is focused on continued growth and margin enhancement through its Australasian broker network, underwriting agencies, and international businesses. Key strategic priorities include network growth, leveraging technology and data capabilities, expanding product offerings, and pursuing selective acquisitions.