AUB Group (AUB) H2 2026 earnings summary

Executive summary

• Achieved double-digit underlying NPAT growth of 12.2% to AUD 224.6 million, with margin expansion to 36.1% for FY26, despite challenging market conditions and subdued insurance premium rates.

• Revenue increased 6.4% to nearly AUD 1.6 billion, with growth across all divisions except for FX impacts.

• Divisional profit growth was led by BizCover (+19.9%), International (+19.6%), and Australian Broking (+10.0%), while New Zealand performance was impacted by FX and market challenges.

• Completed the acquisition of Prestige, significantly strengthening the U.K. retail position and expanding international operations.

• Maintained a resilient, diversified portfolio with strong operating leverage and a global presence across 17 countries.

Financial highlights

• Underlying NPAT increased by 12.2% to AUD 224.6 million year-over-year.

• Revenue grew 6.4% to nearly AUD 1.6 billion; EBIT margin expanded by 140 basis points to 36.1%.

• Underlying EPS rose 7% to AUD 1.8369; full-year dividend increased 7.7% to AUD 0.98 per share.

• Organic growth contributed AUD 21.6 million (10.8%), acquisitions added AUD 17.3 million (8.6%), offsetting AUD 14.5 million in FX and funding cost headwinds.

• Balance sheet showed total assets of AUD 5,012.8 million and total equity of AUD 2,171.6 million at 30 June 2026.

Outlook and guidance

• FY27 underlying NPAT guidance: AUD 245–265 million, representing 9.1%–18% growth over FY26.

• Underlying EPS guidance: AUD 1.8754–2.0285 per share; excluding equity funding effect, EPS would be AUD 2.0035–2.1671.

• Organic growth expected to contribute AUD 15.2–33.2 million; acquisitions AUD 17.5–19.5 million; FX and funding costs to offset by AUD 12.3 million.

• Guidance assumes no unknown acquisitions, historical renewal/income split, and specified FX/interest rate assumptions.

• Clear execution priorities: integrate U.K. retail, scale agencies, improve New Zealand, and disciplined capital deployment.