Steadfast Group Announces Strong Financial Performance in 1H25
Steadfast Group, a prominent international brokerage and underwriting network, has unveiled its financial results for the first half of 2025. According to a market release, the company saw an impressive increase in underlying net profit after tax (NPAT), exceeding 20% to reach AU$128.1 million. Underlying revenue also experienced substantial growth, climbing 11.5% to AU$881 million.
“During 1H25, we continued to make accretive acquisitions, grow our businesses organically, optimise subsidiary performance, identify opportunities to hub our equity brokers and focus on margins and expense discipline,” stated Robert Kelly, CEO of Steadfast Group.
Broker Network and Underwriting Agencies Performance
The firm’s Australasian broker network played a significant role in the positive results, delivering AU$6.5 billion in gross written premiums (GWP). Steadfast Underwriting Agencies also contributed strongly, generating AU$1.22 billion GWP, an increase of 11.7%. Furthermore, the company’s international businesses, including recent acquisitions in London and Europe, “performed ahead of expectations.” This success was attributed to several factors, including higher profit sharing, additional membership fees, and interest income.
Strategic Initiatives and Future Outlook
The investor presentation mentioned an internal review of strata subsidiaries. In response, actions are underway to strengthen Steadfast’s internal audit and governance function. The Board of Directors declared a fully franked interim dividend of AU7.8 cents per share (cps), which is up from AU6.75 cps last year. This reflects the company’s confidence in its continued financial health and growth trajectory.
