Steadfast Group's impressive FY24 results

Steadfast Group (ASX:SDF) has announced strong financial results for the year ending June 30, 2024. The company recorded an underlying net profit after tax of $252.2 million, marking an 11th consecutive year of profit growth since its ASX listing. The firm highlighted strategic acquisitions and international expansion as key contributors to its success.

Steadfast's FY24 achievements and future outlook

Steadfast Group reported a strong financial year with an underlying NPAT of $252.2 million, showing a consistent growth trajectory since its listing in 2013. The company completed 48 acquisitions worth $457.8 million, focusing on expanding its international presence, particularly in the USA. Governance and compliance were also key areas of focus, with the company aligning with recommendations from the Hayne Royal Commission. Looking ahead, Steadfast forecasts an underlying EBITA between $590 million and $600 million for FY25, with ambitions to continue its strategic acquisitions and enhance its technology platforms.

Executive insights on Steadfast's growth

We are pleased to report another year of strong financial performance and significant growth in our market capitalization. Our strategic acquisitions and focus on international expansion have been pivotal to our success. We remain committed to maintaining a conservative approach to capital management while pursuing growth opportunities.