Steadfast Group (SDF) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced at 10:00 A.M. with a quorum present and all non-executive directors in attendance.

• Chair and incoming Chair delivered addresses outlining the meeting's agenda and key focus areas for the year ahead.

• Chief Legal Officer, Company Secretary, senior executives, and auditor from KPMG were present; agenda included performance, strategy, and voting on resolutions.

Financial performance review

• Achieved a 17.2% increase in underlying net profit after tax to AUD 229.5 million for FY 2025, with statutory net profit at AUD 334.9 million.

• Underlying earnings per share rose by 14.2% to AUD 0.267; underlying revenue increased 8.9% to AUD 1,825.7 million, and EBITA grew 11.9% to AUD 591.4 million.

• Total return since listing reached 530% for participating shareholders.

• Continued strong financial growth since ASX listing, with consistent increases in GWP, EBITA, and NPAT.

Board and executive committee updates

• Chair Frank O'Halloran announced retirement, with Vicki Allen to assume the role of Chair post-AGM, bringing over 30 years of financial services experience.

• Board renewal continued with the appointment of Michael Goodman, who stands for election, and Joan Cleary offered herself for re-election.

• Tim Mathieson appointed Acting CEO following the CEO stepping aside pending an external investigation.

• Board comprises experienced directors with backgrounds in insurance, finance, and property sectors.

• Robert Kelly AM, Managing Director & CEO, recognized with a lifetime achievement award in 2025.