AUB Group (ASX: $AUB) 1H24 Financial Performance

AUB Group Limited (ASX: $AUB) has reported a 50.5% growth in Underlying NPAT for the 1H24, driven by strong organic performance and accretive acquisitions. The company has upgraded its FY24 UNPAT guidance to $161mn-$171mn from the previous $154mn-$164mn. AUB Group's revenue grew by 36.4% with a 120bps margin expansion to 32.5%, demonstrating growth and profit improvement across all divisions.

Executive Commentary

The 1H24 results reflect our continued progress and the success of our strategic initiatives. We are pleased with the upgrade to our FY24 UNPAT guidance, which is a testament to the strength of our business and the positive momentum we are experiencing. The strong performance across all divisions underscores the effectiveness of our growth strategies and the value we are delivering to our clients and shareholders.

Summary of 1H24 Performance and Outlook

AUB Group's 1H24 results demonstrate robust financial performance, with significant growth in Underlying NPAT and revenue across all divisions. The company's upgrade to FY24 UNPAT guidance indicates confidence in its ability to sustain strong progress. With continued revenue growth, margin expansion, and accretive acquisitions, AUB Group is well-positioned for the future. The company's ambitions and goals are evident in its strategic initiatives, which have yielded positive outcomes and are expected to contribute to its ongoing success.