Steadfast Group FY26 earnings: Profits and dividend on the rise

The Steadfast Group Ltd (ASX: SDF) share price will be in focus on Wednesday after the company reported underlying diluted EPS of 28.8 cents, up 7.7%, and a 9% increase in its final fully franked dividend to 12.75 cents per share.

What did Steadfast Group report?

• Underlying revenue: $2,104.7 million, up 15.3% on FY25
• Underlying NPATA: $366.3 million, up 7.1%
• Underlying NPAT: $319.5 million, up 8.2%
• Underlying EBITA: $669.8 million, up 13.8%
• Final dividend: 12.75 cps fully franked (up 9%); total FY26 dividends: 20.95 cps, up 7.4%
• Statutory NPAT: $269.1 million, down from $334.9 million

What else do investors need to know?

Steadfast’s growth came from both organic initiatives and acquisitions. Gross written premium (GWP) in its Australasian Network rose 6.2% to $13.2 billion, with underlying EBITA up 13.2% for this segment. The Group also highlighted successful broker hubbing strategies designed to drive efficiency and further growth.

The company has entered into a Scheme Implementation Deed with Amwins Australasia Group and Starboard BidCo. The Steadfast Board unanimously recommends shareholders vote in favour of the Scheme, subject to no superior proposal and a positive independent expert report.

Underwriting Agency operations generated $2.5 billion of GWP, up 2.3%, while strong organic growth also supported Steadfast’s international business, contributing to a favourable EBITA result.

What did Steadfast Group management say?

Managing Director & CEO Robert Kelly AM stated:

I am pleased to present our FY26 results, continuing Steadfast’s track record of accretive growth since listing in August 2013. Despite a challenging operating environment, disciplined execution and strong cost management, we delivered solid performance and positioned the business for continued long-term growth.

What’s next for Steadfast Group?

Looking ahead, Steadfast is guiding for underlying NPATA of $382–$392 million and underlying NPAT of $333–$343 million for FY27. The company expects underlying EBITA of $700–$715 million and EPS growth of 4–8%.

Management sees further growth opportunities, with expectations of 2–3% increases in insurance premium pricing and ongoing benefits from its broker and agency network strategies, both in Australia and internationally.

Steadfast Group share price snapshot

Over the past year, the Steadfast Group share price has underperformed the S&P/ASX 200 index (ASX: XJO) with a decline of 5%.

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