FSA Group (FSA) H2 2025 earnings summary

Executive summary

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

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

• Operating income increased 23% to $64.3m; profit before tax up 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.

• Dividend for FY25 was 7.00 cents per share, fully franked.

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

• Profit growth of up to 30% forecast for FY26, with full year dividend expected at 7–8 cents per share.

• Growth strategy depends on broker channel uptake and funding availability.

• Anticipates more favorable macroeconomic conditions and improved net margin in FY26.