Australian Finance Group (AFG) investor relations material

Executive summary

• Net profit after tax for FY26 reached AUD 49 million, up 39% year-over-year, with growth from both Distribution and Manufacturing segments and underlying NPATA up 33% to AUD 54 million.

• Broker network expanded to over 4,300 brokers and 600,000 customers, writing one in nine Australian mortgages and connecting with more than 80 lenders.

• Only 10% of earnings are now directly exposed to short-term residential lending, with 90% underpinned by recurring income streams and diversified products.

• Cash flow from operations rose 42% to AUD 51 million, supporting investments and shareholder returns.

• Strategic focus remains on broadening the earnings base, strengthening the lending platform, and supporting broker growth.

Financial highlights

• Group EBITDA increased 32% to AUD 74 million; underlying EPS up 33% to AUD 0.20 per share.

• Gross profit rose 12% to AUD 159 million; underlying CTI improved four points to 55%.

• Distribution EBITDA rose to AUD 71 million, with residential settlements up 18% to AUD 75 billion year-over-year.

• Manufacturing loan book grew 30% to AUD 7.1 billion, with manufacturing EBITDA up 107% to AUD 33 million.

• Broker services subscription income increased 13% to AUD 24 million, now 23% of Distribution earnings.

Outlook and guidance

• Entering FY27 with a larger, more resilient earnings base and embedded earnings momentum from prior investments, including approximately AUD 13 million of annualized EBITDA uplift.

• Early signs of increased upgrader activity and expectations for refinance rates to rise above current lows.

• Confident in long-term growth opportunities due to structural housing under supply and a strong broker network.

• Residential lodgements have softened post-June due to tax policy, interest rate expectations, and household cost pressures, but underlying housing demand remains.

• Ongoing investment in brokers, technology, and manufacturing business to support long-term growth.