AFG Reports Strong FY26 Results with 39% Profit Growth
Key points
- FY26 net profit after tax up 39% to $49 million
- Underlying NPATA increased by 33% to $54 million
- Distribution and Manufacturing segments both delivered growth
- AFG's network expanded to over 4,300 brokers
- Final dividend declared at 4.8 cents per share
Full summary
Australian Finance Group Ltd (ASX: AFG) reported strong FY26 results with a 39% increase in net profit after tax to $49 million and underlying NPATA up 33% to $54 million. Both the Distribution and Manufacturing segments delivered earnings growth, supported by improved operating efficiency and a larger broker network. The network expanded to over 4,300 brokers, with residential settlements up 18% to $75 billion. The Manufacturing segment saw a 30% increase in the loan book to a record $7.1 billion, with a net interest margin of 125 basis points. The Board declared a final dividend of 4.8 cents per share, fully franked.
Guidance
FY26 net profit after tax $49 million, underlying NPATA $54 million, Distribution EBITDA $71 million
Outlook
AFG enters FY27 with a larger lending book and diversified earnings base. Residential lodgements have softened, but underlying housing demand remains intact. AFG expects refinancing, upgraders, and client retention to be key areas of opportunity.
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