)

Challenger (CGF) investor relations material
Challenger H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Celebrated 40th anniversary, highlighting expertise in retirement and financial security for Australians.
Achieved strong FY25 growth with normalized NPAT of $456M, up 9%, and statutory NPAT of $192M, up 48%.
Delivered a full-year dividend of 29.5 cps, up 11% year-over-year.
Focused on business simplification, customer relationships, and expanding partnerships.
Launched innovative income platform and listed income notes, with strong demand.
Financial highlights
Normalized EPS increased 9% to 66.3 cps; dividend rose 11% to 29.5 cps.
Normalized ROE reached 11.8%, up 110bps; cost to income ratio improved to 32%.
Life normalised NPAT grew 6% to $461M; Life normalised ROE post-tax reached 13.5%.
Funds Management normalised NPAT up 41% to $53M, with performance fees up 57%.
Life COE margin increased to 3.19%; annuity sales reached $5.2B, with record Retail Lifetime and Japanese sales.
Outlook and guidance
FY26 normalized EPS guidance: 66–72 cps, midpoint 4% above FY25.
FY26 group normalized NPAT expected between $455M and $495M.
Targets include normalized ROE of RBA cash rate plus 12% after tax, cost to income ratio of 32%-34%, and dividend payout ratio of 30%-50%.
Guidance assumes no change in cash rate; capital reforms expected to reduce capital intensity and unlock product innovation.
Confident in sustaining normalized ROE above target through the cycle.
Next Challenger earnings date

Next Challenger earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage