Highlights:

• Underlying NPAT increased 8.2% to AU$319.5 million, while underlying EBITA rose 13.8% to AU$669.8 million.
• Australasian Network GWP climbed 6.2% to AU$13.2 billion, supported by organic growth and acquisitions.
• FY27 guidance points to underlying EBITA of AU$700 million–AU$715 million, alongside continued investment in technology and AI-enabled solutions.

Strong FY26 Performance

Steadfast Group (ASX: SDF) delivered a solid financial performance for FY26, with its results investor presentation released on 25 August 2026. The company reported underlying revenue of AU$2.10 billion, up 15.3% from the prior year, while underlying EBITA advanced 13.8% to AU$669.8 million. Underlying NPAT also rose 8.2% to AU$319.5 million, highlighting continued earnings momentum. Underlying diluted EPS (NPAT) increased 7.7% to 28.8 cents per share, while underlying NPATA reached AU$366.3 million, representing growth of 7.1%. Statutory NPAT, however, stood at AU$269.1 million, compared with AU$334.9 million in FY25.

Broking Network Drives Growth

The Australasian broking operation remained an important contributor. Network GWP increased 6.2% to AU$13.2 billion, while professional service fees rose 2.4% to AU$78.2 million. The business completed three new equity holdings, 31 step-ups, 10 step-downs and 31 bolt-ons during FY26. Underlying EBITA from the Australasian Network reached AU$411.8 million, up 13.2%. Acquisitions contributed significantly, while effective ownership of equity brokers increased from 80% to 83%.

International Operations Gather Momentum

Steadfast’s international businesses also recorded substantial progress. Underlying EBITA surged to AU$29.8 million, compared with AU$5.9 million previously, representing growth of 400.8%. Revenue increased 95.4% to AU$108.5 million, reflecting both organic expansion and acquisitions.

FY27 Outlook and Shareholder Returns

Management expects FY27 underlying NPATA between AU$382 million and AU$392 million, underlying NPAT of AU$333 million–AU$343 million, and underlying EBITA of AU$700 million–AU$715 million. The outlook assumes a 2%–3% increase in Australian insurance premium pricing. The company also declared a fully franked FY26 final dividend of 12.75 cents per share, taking the total FY26 dividend to 20.95 cents per share, up 7.4% year-on-year.

Conclusion

With earnings growth, expanding international operations and ambitious technology initiatives, Steadfast enters FY27 with multiple growth levers. Its FY26 performance, announced on 25 August 2026, provides a strong foundation as the group targets further organic expansion, acquisitions and AI-enabled efficiency improvements.Note- All data presented is based on information available at the time of writing.Disclaimer for Kapitales ResearchThe materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise. 

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