Steadfast reports strong FY25 growth, announces leadership changes

Steadfast Group Limited reported a 17.2% increase in underlying NPAT to $295.5 million and a 14.0% increase in final dividend to 11.70 cents per share for FY25. Underlying EBITA grew by 11.9% to $591.4 million. The group’s growth was driven by 8.8% organic growth and 3.1% from strategic acquisitions, including H.W. Wood Limited and a majority stake in Novum Underwriting Partners LLC. The Dividend Reinvestment Plan will operate at a 2.5% discount.

The company also announced leadership transitions, with Frank O'Halloran AM retiring as non-executive director and chair effective October 31, 2025. Vicki Allen has been elected to succeed him as chair, and Michael Goodwin has been appointed as a non-executive director effective September 15, 2025. Executive team promotions included Tim Mathieson to CEO Australasia broking and Mark Senkevics to CEO Steadfast Underwriting Agencies.

Steadfast Group provided FY26 guidance, projecting underlying NPATA between $365 million and $375 million, underlying NPAT between $315 million and $325 million, and underlying EBITA between $650 million and $665 million. The guidance is based on achieving a 3% - 5% increase in insurance premium pricing in Australia.