Daily Roundup

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Steadfast Group kicked off the earnings season with solid results, posting a record underlying net profit after tax of $319.5 million—an 8% jump from the prior year. Total income climbed 3% to $1.8 billion, though statutory NPAT dipped 20% due to non-trading items. The company rewarded shareholders with a fully franked final dividend of 12.75 cents per share, up nearly 9%. Looking ahead, Steadfast guided for FY27 underlying NPAT between $333 million and $343 million, with diluted earnings per share growth of 4% to 8%. There's a significant development on the horizon: the board unanimously recommends voting in favor of a scheme implementation deed with Amwins Australasia Group and Starboard BidCo, offering a 44.1% premium to the three-month volume weighted average price.

SiteMinder delivered impressive growth metrics that underscore the strength of its hospitality software platform. Annual recurring revenue surged 24.1% to $313.7 million, while revenue climbed 22% to $266.1 million on a constant-currency basis. The standout figure was adjusted EBITDA, which nearly doubled to $28.1 million—a 96.5% increase. The company's adjusted free cash flow also doubled to $10.5 million, signaling improving operational efficiency. Management expects adjusted EBITDA margins to expand meaningfully in FY27 and reach the mid-20s by FY30, with ARR growth expected to remain in the 20s. The company is clearly entering a phase where it can balance growth with profitability, leveraging its Smart Platform and AI-enabled efficiencies.

AUB Group rounded out the broking sector updates with a strong FY26 showing. Underlying NPAT climbed 12.2% to $224.6 million, while EBIT margins expanded 140 basis points to 36.1%—a meaningful improvement. The International division led the charge with 19.6% underlying profit before tax growth, while BizCover and Australian Broking contributed 19.9% and 10% growth respectively. The company declared a total FY26 dividend of 98 cents per share, up 7.7%. For FY27, AUB guided for underlying NPAT between $245 million and $265 million, representing growth of 9% to 18%. The company also completed the acquisition of Prestige in the UK, which should strengthen its international footprint and broaden its broking and underwriting capabilities.

Mader Group achieved record annual results with revenue hitting $1.001 billion—a 15% increase—and net profit after tax of $65.4 million, also up 15%. The Australian segment led with 16% revenue growth, while North America grew 12%. The group hit its medium-term net cash target, closing with $35.7 million in net cash. The board opted to forgo a dividend to support long-term growth initiatives. For FY27, Mader expects revenue of at least $1.13 billion and NPAT of at least $72.5 million, reflecting confidence in continued momentum.

Acusensus capped off the day with eye-catching expansion numbers. Revenue jumped 45% to $86.2 million, well above guidance, with a healthy gross profit margin of 42%. The company's international operations proved particularly strong, with an 8x increase in international gross profit. Adjusted EBITDA came in at $8.5 million, up 49% year-on-year. With $26 million in cash and a strong pipeline, Acusensus is positioned to surpass $100 million in revenue in FY27. The company's focus on road safety innovation through its Forsite business segment and successful mobilization of mobile speed camera programs in New Zealand and the United States demonstrates the breadth of its growth opportunities.