Australian Finance Group Limited (ASX:AFG): What Drove the Rise in Mortgage Settlements and Profit?

Aditi Sarkar

02 November 2026 11:35 PM AEDT

Australian Finance Group Limited (ASX:AFG): What Drove the Rise in Mortgage Settlements and Profit?

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Australian Finance Group Limited (ASX:AFG) shares closed at AUD 1.51 on 2 November 2026, up 1.34% for the day. The article examines earnings, Business operations and balance-sheet developments.
FY26 reported net profit after tax rose 39% to AUD 49 million from approximately AUD 35 million.
Residential Mortgage settlements rose 18% to AUD 75 billion.

Australian Finance Group Limited (ASX:AFG) operates in mortgage broking, residential lending and financial services distribution. Its shares closed at AUD 1.51 on 2 November 2026, rising 1.34% from the previous close. Recent financial disclosures describe the scale of its operations, changes in Earnings and developments across its business. The figures below refer to the reporting periods identified in the company documents rather than to results generated by the share-price movement.

Financial Results and Earnings Composition

FY26 reported net profit after tax rose 39% to AUD 49 million from approximately AUD 35 million. This adds another detail to the period’s financial results.

Underlying NPATA was AUD 54 million, increasing 33% year on year. This provides a separate comparison for Australian Finance Group Limited (ASX:AFG).

Residential mortgage settlements rose 18% to AUD 75 billion. This reflects a measure for the stated reporting period.

Operating Activity and Business Segments

Asset finance settlements increased 19% to AUD 4.3 billion. This adds another detail to the period’s financial results.

The AFG Securities closing mortgage book reached AUD 7.1 billion, 30% above FY25. This provides a separate comparison for Australian Finance Group Limited (ASX:AFG).

Operating cash flow increased 42% to AUD 51 million. This reflects a measure for the stated reporting period.

Portfolio, Capital and Financial Measures

Net interest Margin increased by nine basis points to 125 basis points. This adds another detail to the period’s financial results.

BrokerEngine subscribers increased 19% to approximately 4,400. This provides a separate comparison for Australian Finance Group Limited (ASX:AFG).

FY26 EBITDA reached AUD 74.4 million, compared with AUD 56.2 million in FY25. This reflects a measure for the stated reporting period.

Business Priorities and Reported Developments

Gross profit reached AUD 159 million, 12% higher year on year. This adds another detail to the period’s financial results.

The cost-to-income ratio declined four percentage points to 55%. This provides a separate comparison for Australian Finance Group Limited (ASX:AFG).

Dividends per share were 9.5 cents, up 4% year on year. This reflects a measure for the stated reporting period.

Key Insights

Australian Finance Group Limited (ASX:AFG) reported a combination of financial results and operational measures covering earnings, activity, portfolio composition and business priorities. The figures above identify the reporting periods and relevant comparisons. The 2 November 2026 share closing price provides separate market context, without establishing any direct relationship between the reported developments and the daily share-price movement.

Additional Operational Context

Australian Finance Group Limited (ASX:AFG) discloses several measures that are calculated on different bases, including statutory, underlying or management-defined measures where indicated. These figures should retain their original labels when compared with earlier reporting periods. Information about business activity, earnings and market prices has been kept separate so that financial performance is not confused with changes in the Listed security price.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.