AFG Securities is becoming a powerhouse of the Australian Finance Group product suite, with settlement growth in AFG Securities multiplying 2.5 times to $1.4 billion, up from $0.6 billion in the first half of FY2024
What AFG terms ‘manufacturing’ produced $8 million in earnings for AFG in the first half, up $1 million.
AFG Securities underlying return on equity was 12 per cent.
Net profit increased six per cent to $15.3 million. First half 2025 revenue of $626 million was up 11 per cent on the prior corresponding period.
AFG works with 4100 brokers and expects the broker market share, now at a record 75 per cent, to continue to rise to around 80 per cent.
“As the lending cycle turns towards interest rate reductions we consider conditions for non-major lenders, including AFG Securities, will continue to improve” AFG CEO David Bailey said.
“Our NIM is showing positive trends, with our loan book now at a record level.”