AUB Group Limited (ASX:AUB) Announces 1HFY25 Performance Overview
Financial Performance
AUB Group Limited (ASX:AUB) reported an underlying NPAT of AUD 79.3 million for 1HFY25, up from AUD 70.2 million in 1HFY24. Underlying earnings per share rose to 68.07 cents from 64.76 cents. Reported Net Profit After Tax decreased to AUD 26.4 million from AUD 53.1 million in the same period last year.
Dividend Declaration
The company declared a fully franked interim dividend of 25.0 cents per share, an increase from 20.0 cents per share in 1HFY24. The dividend is payable on April 4, 2025, to shareholders on the record date of March 7, 2025.
Operational Highlights
Revenue growth and margin expansion were achieved across Australian Broking, International, Agencies, New Zealand Broking, and BizCover divisions. The company reaffirmed its FY25 Underlying NPAT guidance of AUD 190.0 million to AUD 200.0 million, representing an 11.1% to 16.9% growth over FY24.
Executive Comments
CEO and Managing Director Michael Emmett said, “We are making outstanding progress to build a multi-country Insurance Services Group, strategically establishing a portfolio of retail and wholesale brokers, underwriting agencies, and businesses that provide essential risk advisory and technology services to our clients and partners. Our owner-driver model, which has been a proven success in Australia and New Zealand, continues to resonate strongly in international markets, reinforcing our competitive advantage. We have constructed a portfolio of complementary businesses that enhance both performance and value across the AUB family. While our individual divisions continue to deliver strong results, our investment in Tysers has already driven a substantial uplift in the value of Retail Broking and Underwriting Agencies. Additionally, our expanding portfolio of Agencies is creating significant synergies and enhancing the value of our broking network. Although we are still in the early stages of replicating our successful Australian model internationally, we now have a diverse set of strategic levers to drive revenue, margin expansion and sustained earnings growth for AUB Group shareholders.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Aub Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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