Steadfast Group, the giant international brokerage and underwriting network, has announced financial results for 1H25. A market release reported underlying net profit after tax (NPAT) up more than 20% to AU$128.1 million and underlying revenue of AU$881 million, an increase of 11.5%.
“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,” said CEO Robert Kelly (main picture).
The release said the firm’s Australasian broker network delivered AU$6.5 billion in gross written premiums (GWP). Steadfast Underwriting Agencies generated $1.22 billion GWP, an increase of 11.7%.
The release said international businesses – including new acquisitions in London and Europe – “performed ahead of expectations” driven by factors including higher profit sharing, additional membership fees and interest income.
The investor presentation document also mentioned a strata subsidiaries internal review. Actions underway, it said, include expansion of Steadfast’s internal audit and governance function.
The board declared a fully franked interim dividend of AU7.8 cents per share (cps), up from AU6.75 cps last year.
