Yesterday afternoon, Steadfast Group Ltd (ASX: ADF) reported a 14.6% increase in underlying revenue to $1,010.4 million and lifted its interim dividend by 5.1% to 8.2 cents per share for 1H26.
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What did Steadfast Group report?
- Underlying diluted EPS (NPAT): 12.4 cps, up 6.9%
- Underlying NPATA: $161.5 million, up 6.3%
- Statutory NPAT: $127.0 million (1H25: $106.4 million)
- Underlying NPAT: $137.5 million, up 7.3%
- Underlying EBITA: $293.6 million, up 12.6%
- Interim fully franked dividend: 8.2 cps, up from 7.8 cps
What else do investors need to know?
Steadfast's Australasian broker network delivered 4.4% gross written premium (GWP) growth to $6.4 billion, supported by performance improvements, acquisitions, and careful expense management. The underwriting agencies segment contributed $1.2 billion GWP, up 3%, and international businesses recorded a $9.5 million uplift in underlying EBITA thanks to recent acquisitions and organic growth.
The Board is undertaking an independent workplace culture diagnostic with EB&Co to ensure Steadfast's culture aligns with company values and identify areas for improvement. The company also confirmed the promotion of Hannah Lee to Chief Financial Officer.
What did Steadfast Group management say?
Managing Director & CEO Robert Kelly AM said:
The 1H26 results continued our record of strong growth in revenue and profit and reflects a strong underlying business and the Group's resilient and adaptable business model. The executive leadership team remains focused on delivering earnings growth and maintaining discipline in the execution of our business strategy to deliver sustainable and solid returns to our shareholders.
What's next for Steadfast Group?
Looking ahead, Steadfast reaffirmed its FY26 guidance and expects underlying NPATA between $365 million and $375 million, and underlying NPAT between $315 million and $325 million, with diluted EPS growth guidance of 6% to 10%. Management remains committed to its broker hubbing strategy, operational efficiency programs, and exploring further acquisition opportunities.
Key guidance assumptions include modest increases in insurance premium pricing and continued focus on cost and margin discipline across the group.
Steadfast Group share price snapshot
Over the past 12 months, Steadfast shares have declined 27%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
