FSA Group (FSA) H2 2025 earnings summary

Executive summary

• Completed transition to a lending-focused business, offering home, car, unsecured personal, and asset finance loans.

• New loan origination reached $396m, up 3% year-over-year; loan pools grew to $912m, up 14%.

• Operating income rose 23% to $64.3m; profit before tax increased 29% to $16.2m; profit after tax attributable to members up 43% to $10.5m.

• Lending business generated $17.0m profit before tax; services business posted a $0.8m loss.

• Fully franked full-year dividend of 7.00 cents per share declared.

Financial highlights

• Operating income: $64.3m (up 23% year-over-year).

• Profit before tax: $16.2m (up 29% year-over-year).

• Profit after tax attributable to members: $10.5m (up 43% year-over-year).

• Basic EPS: 8.66c (up 43% year-over-year).

• Net cash inflow from operating activities: $21.7m (up 46% year-over-year).

• Shareholder equity attributable to members: $87.3m.

Outlook and guidance

• Targeting new loan origination over $600m per annum, with loan pools expected to reach $1.3b.

• Profit growth of up to 30% forecast for FY2026, with full-year dividend expected at 7–8 cents per share.

• Growth depends on broker channel uptake and funding availability; impairment and loan pool growth are key risks.

• Anticipates more favorable macroeconomic conditions and improved net margin in FY2026.