Steadfast Group (SDF) AGM 2025 summary

Opening remarks and agenda

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

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

• Chief Legal Officer, Company Secretary, senior executives, and auditor from KPMG were in attendance.

• Agenda included performance review, strategy, board changes, voting on resolutions, and Q&A.

Financial performance review

• Achieved record underlying net profit after tax for the year ended 30 June 2025, marking 12 consecutive years of profit growth since listing.

• Underlying net profit after tax rose 17.2% to AUD 229.5 million; underlying EPS increased 14.2% to AUD 0.267.

• Statutory net profit increased from AUD 228 million to AUD 334.9 million.

• Underlying revenue rose 8.9% to AUD 1,825.7 million, and underlying EBITA grew 11.9% to AUD 591.4 million.

• 25 consecutive increases in interim and year-end fully franked dividends since listing.

Board and executive committee updates

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

• Board renewal continued with appointment of Michael Goodman, who stands for election.

• Joan Cleary offered herself for re-election, highlighting her financial and leadership experience.

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

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