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Australian Finance Group increased profit, expanded margins, and grew its broker network and earnings base. The post Australian Finance Group reports FY26 profit growth and expanded earnings base appeared first on The Motley Fool Australia.
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The Australian Finance Group Ltd (ASX: AFG) share price is in focus today after the company reported FY26 profit up 39% to $49 million, with EBITDA surging 32% and residential lending settlements growing by 18% to $75 billion.
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What did Australian Finance Group report?
- Reported NPAT rose to $49 million, up 39% year on year
- EBITDA increased 32% to $74.4 million
- Residential lending settlements grew 18% to $75 billion
- Asset finance settlements were up 19%, reaching $4.3 billion
- Final dividend of 4.8 cents per share, total DPS 9.5 cents (up 4%)
- Net interest margin expanded 9 basis points to 1.25%
What else do investors need to know?
Australian Finance Group has broadened its earnings base, with recurring and diversified income streams now making up 78% of its mix, helping to cushion short-term mortgage market volatility. BrokerEngine subscribers climbed 19% to 4,400, and broker services subscription income rose 13% to $24 million, now representing 23% of Distribution earnings.
The company invested $21 million to drive further growth, including technology, new funding, and minority stakes in broker businesses. AFG's balance sheet remains strong with $63 million in unrestricted cash and a 94% cash conversion rate, while a share buy-back of up to $15 million was announced in June 2026.
What's next for Australian Finance Group?
AFG expects continued EBITDA uplift into FY27, with around $13 million in annualised benefit already embedded from recent investments. The group is maintaining focus on margin discipline, funding diversity, and efficiency gains, with further investments in systems, automation, and artificial intelligence planned to support productivity and future growth.
While residential activity has softened in the last two months, AFG sees long-term demand for brokers and competitive lending options supporting its position. The company aims to increase the share of broker service income and expand its AFG Securities loan book, tracking towards FY29 aspirations.
Australian Finance Group share price snapshot
Over the 12 months, Australian Finance Group shares have declined 36%, trailing the All Ordinaries Index (ASX: XJO), which has risen 1% over the same period.