Steadfast Delivers Strong Earnings Growth; Raises Dividend; Maintains 2026 Outlook

Steadfast Group (SDF.AX) has reported robust financial results for the first half of 2026, marked by significant profit expansion and revenue acceleration. The company’s performance reflects disciplined execution and strong market position in its core business segments.

Earnings and Revenue Performance Show Momentum

The company’s EBITA increased 12.6% to A$293.6 million compared with A$260.7 million in the prior corresponding period. EBITA from consolidated operations grew even faster at 15.8% to A$282.9 million from A$244.3 million, signaling improved operational efficiency across the group.

Revenue from consolidated entities jumped 14.6% year-on-year to A$1.010 billion from A$881.3 million, demonstrating that top-line growth is outpacing profit expansion—a healthy indicator for sustainability. Net profit after tax and before amortisation (NPATA) climbed 6.3% to A$161.5 million from A$152.0 million, while underlying NPATA reached 14.6 cents per share, up from 13.7 cents in the prior year.

Shareholder Returns Enhanced Through Dividend Hike

Steadfast has declared an interim dividend of 8.2 cents per share, representing a 5.1% increase from the previous distribution. The dividend is payable on March 25 to shareholders of record on March 3, 2026. This increase reflects management confidence in the company’s cash generation capabilities and commitment to rewarding shareholders.

On a full profit basis, underlying net profit attributable to members (Underlying NPAT) increased to A$137.5 million or 12.4 cents per share, compared with A$128.1 million or 11.6 cents per share a year earlier.

Management Confirms Steady Growth Trajectory

For fiscal 2026, Steadfast has maintained its guidance, projecting underlying NPATA in the range of A$365 million to A$375 million and underlying NPAT between A$315 million and A$325 million. The company expects underlying EBITA to fall between A$650 million and A$665 million, with underlying earnings per share anticipated to grow 6% to 10% for the full year.

These targets suggest Steadfast expects to build on current momentum while managing operational challenges, positioning the company for continued value creation through the remainder of 2026.