FSA Group (FSA) investor relations material

Executive summary

• Operating income rose 27% year-over-year to $81.3m, with profit after tax attributable to members up 48% to $14.1m.

• Loan origination increased 26% to $500.6m, and loan pools grew 18% to $1,074.6m, driven by strong growth in car loans and asset finance.

• The lending segment delivered a profit before tax of $26.0m, while the services segment posted a $2.2m loss.

• A fully franked final dividend of 3.5 cents per share was declared, bringing the full-year dividend to 7.0 cents per share.

Financial highlights

• Operating income: $81.3m (up 27% year-over-year).

• Profit before tax: $23.9m (up 48% year-over-year).

• Net profit after tax attributable to members: $14.1m (up 48% year-over-year).

• Basic EPS: 11.8 cents (up from 7.9 cents in FY2025).

• Net tangible asset backing per share: 64.2 cents (up from 56.4 cents in FY2025).

• Net cash inflow from operating activities: $28.1m (up 29% year-over-year).

Outlook and guidance

• Targeting annual new origination above $600m and loan pools of ~$1.3bn, with car loans and asset finance as key drivers.

• Profit before tax target of ~$35m per annum and return on equity above 25%, subject to broker uptake, funding, and other risks.

• FY2027 dividend expected to be 8 cents per share, with remaining earnings reinvested to support loan pool growth.