InvestSMART

Australian Finance Group Ltd (ASX:AFG)

ALERT: Price-sensitive ASX Announcement for AFG
Current share price for AFG : $1.340 -0.195 (-12.70%)+
Announcement
Release
20 Aug 2026 7:55AM
Price at Release
$1.535
Full Release
download
Summary
Australian Finance Group Ltd (AFG) reported a significant increase in its FY26 financial performance, with net profit after tax rising by 39% to $49 million and underlying NPATA increasing by 33% to $54 million. Both Distribution and Manufacturing segments showed strong earnings growth, enhancing operating efficiency and lifting the return on equity to 23% while reducing the cost-to-income ratio to 55%. The company expanded its broker network to over 4,300 brokers, contributing to a substantial 18% increase in residential settlements to $75 billion. The loan book also saw a 30% growth, reaching a record $7.1 billion. AFG maintained strong cash flow from operations at $51 million with a 94% cash conversion rate. The company declared a fully franked dividend of 9.5 cents per share for the fiscal year, reflecting its solid financial standing and strategic growth initiatives.
Key Points
  • AFG's FY26 net profit after tax increased by 39% to $49 million.
  • Underlying NPATA rose by 33% to $54 million.
  • Distribution and Manufacturing segments contributed to the earnings growth.
  • Operating efficiency improved, bringing ROE to 23% and reducing cost-to-income ratio to 55%.
  • AFG's broker network expanded to over 4,300 brokers.
  • Residential settlements increased by 18% to $75 billion.
  • The loan book increased by 30% to a record $7.1 billion.
  • Cash flow from operations was $51 million with 94% cash conversion.
  • AFG declared a fully franked dividend of 9.5 cents per share for FY26.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.