FSA Group (FSA) H1 2026 earnings summary

Executive summary

• Operating income rose 27% year-over-year to $38.8m for the half-year ended 31 December 2025.

• Net profit before tax increased 68% to $10.8m; profit after tax attributable to members up 59% to $6.2m.

• New loan origination grew 5% to $222m; loan pools expanded 11% to $972m, driven by car loans and asset finance.

• Fully franked interim dividend of 3.50 cents per share declared, payable 5 March 2026.

Financial highlights

• Revenue and other income reached $38.8m, up from $30.5m year-over-year.

• Net margin improved to 54% from 47% in the prior year.

• Basic EPS increased to 5.01 cents from 3.23 cents year-over-year.

• Net cash inflow from operating activities rose 38% to $11.1m.

• Net tangible assets per security increased to 60.9 cents from 58.0 cents.

Outlook and guidance

• Profit before tax for FY2026 expected between $23.5m and $25.9m, up 45–60% on FY2025.

• Full-year dividend forecasted at 7–8 cents per share; balance of earnings to be reinvested.

• Targeting annual new origination over $600m and loan pools of $1.3b, with profit before tax of $36–40m and ROE above 25% in the medium term.