Australian Finance Group (AFG) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged the Whadjuk people of the Noongar nation as traditional custodians, and outlined the hybrid meeting format and agenda, including introductions, addresses, formal business, and closing.

• Quorum was confirmed, and introductions of board members, executives, auditors, and share registry representatives were made.

Financial performance review

• Net profit after tax increased by 21% to AUD 35 million; underlying net profit before amortization rose 13% to AUD 40.8 million.

• Gross profit rose 14% to AUD 139.2 million, EBITDA up 19% to AUD 56.2 million, and underlying gross profit per broker increased by 13% to AUD 38,000.

• Distribution EBITDA reached AUD 68 million (up 10%), and manufacturing earnings grew 53% to AUD 16 million.

• Residential settlements rose 15% to AUD 63 billion, expanding the loan book beyond AUD 210 billion.

• Annuity style earnings comprised 73% of total, with 90% cash realisation and AUD 182 million in investments and liquid assets.

Board and executive committee updates

• Board succession planning is active, with several directors nearing term limits; Chair intends to renominate for another term.

• Chair Greg Medcraft and CEO David Bailey delivered addresses outlining performance and strategy.

• Apologies were noted for one director unable to attend due to illness.