AFG 2026 AGM Address to Shareholders

• FY26 statutory net profit after tax increased by 39% to $49 million
• Group EBITDA rose 32% to $74.4 million, supported by a 12% increase in gross profit
• AFG brokers originated 1 in 9 of new residential mortgages in Australia
• The company returned $30 million to shareholders through dividends and share buybacks
• AFG Securities priced a new $1.2 billion RMBS transaction, taking total issuance to $13.1 billion

Australian Finance Group Ltd (AFG) addressed shareholders at its 2026 Annual General Meeting, highlighting an excellent trading result for FY26 despite challenging market conditions. The company reported a 39% increase in statutory net profit after tax to $49 million, with underlying NPATA up 33% to $54 million. Group EBITDA rose 32% to $74.4 million, supported by a 12% increase in gross profit to $159 million. The broker channel is now responsible for more than 81% of new residential mortgages in Australia, with AFG brokers originating 1 in 9 of those mortgages. AFG generated $51 million in operating cash flow, an increase of 42%, and finished the year with $63 million in unrestricted cash. The Board declared a fully franked final dividend of 4.8 cents per share, taking the full-year dividend to 9.5 cents per share. AFG also continued its on-market share buyback of up to $15 million, returning $30 million to shareholders. Additionally, AFG invested $21 million back into the business, including in AFG Securities, technology, and broker investments, to fund the next stage of growth.

FY26 statutory net profit after tax: $49 million (up 39%), FY26 EBITDA: $74.4 million (up 32%)

AFG remains confident in its FY29 aspirations, focusing on improving broker productivity, expanding AFG Securities, scaling investments in high-performing broker businesses, and increasing the contribution from technology and recurring income.