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STEADFAST GROUP LIMITED Annual Report 2023
65758_rns_2023-08-15_7cdeb28e-91a1-4431-a93d-1bed79edd952.pdf
Annual Report
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Steadfast Group Limited and controlled entities
Appendix 4E (rule 4.3A)
Preliminary final report for the year ended 30 June 2023
Results for announcement to the market
(All comparisons to year ended 30 June 2022)
| 2023$'m | Up/Down | % Movement | |
|---|---|---|---|
| Revenues from ordinary activities* | 1,180.0 | 268.6 | 29% |
| Underlying EBITA before non-trading items | 430.7 | 90.3 | 27% |
| Net profit after tax attributable to shareholders (StatutoryNPAT) (Note 1) | 189.2 | 17.6 | 10% |
| Underlying net profit after tax attributable to shareholders(Underlying NPAT) (Note 1) | 207.0 | 38.0 | 23% |
| Total comprehensive income attributable to shareholders | 194.1 | 24.7 | 15% |
Note 1:
The table below provides the reconciliation between statutory and underlying NPAT:
| 2023$'m | 2022$'m | |
|---|---|---|
| Net profit after tax attributable to shareholders (Statutory NPAT) | 189.2 | 171.6 |
| Adjusted for (net of tax and non-controlling interest): | ||
| Deferred consideration expense (where actual earnout wasmore than expected) | 17.8 | 18.0 |
| Deferred consideration income (where actual earnout wasless than expected, excluding IBA) | (1.4) | (5.5) |
| Net adjustment relating to IBA acquisition (refer note 7F inthe audited financial statements) | (0.5) | - |
| Impairment of non-IBA investments | 1.9 | 3.5 |
| Mark-to-market losses/(gains) from revaluation of listedinvestments | 1.7 | (1.6) |
| Net gain from change in value or sale of businesses andother movements | (1.7) | (17.0) |
| Net profit after tax after non-trading items attributable toshareholders (Underlying NPAT) | 207.0 | 169.0 |
* Some of the financial data in the tables above, namely the netting of brokerage commissions paid when disclosing revenue, the separate identification of non-trading items and EBITA, are not disclosed in accordance with current Australian Accounting Standards requirements. However, all financial data is based on the information disclosed in the audited financial statements and notes to the financial statements of the Group which follow the recognition requirements of Australian Accounting Standards.
Dividend information
| Amount pershare(cents) | Frankedamount pershare(cents) | Tax rate forfranking credit(%) | |
|---|---|---|---|
| Final 2023 dividend per share | 9.0 | 9.0 | 30.0 |
| Interim 2023 dividend per share | 6.0 | 6.0 | 30.0 |
Final dividend dates
| Ex-dividend date | 21 August 2023 |
|---|---|
| Record date | 22 August 2023 |
| Payment date | 21 September 2023 |
The Company's Dividend Reinvestment Plan (DRP) will operate by the on-market purchase of shares. No discount will be applied. The last election notice for participation in the DRP in relation to this final dividend is 23 August 2023.
A copy of the full terms and conditions for the DRP are available at http://investor.steadfast.com.au/Investor-Centre/?page=Dividends
| 2023 | 2022 | |
|---|---|---|
| ($) | ($) | |
| Net tangible assets per ordinary share* | 0.01 | 0.13 |
* Net tangible assets per ordinary share are based on 1,038,561,895 shares on issue at 30 June 2023. There has been an increase of 60,967,950 in ordinary shares on issue since 30 June 2022.
Additional Appendix 4E disclosure requirements can be found in the Directors' Report and the 30 June 2023 financial statements and accompanying notes (refer to attachment A).
This report is based on the consolidated financial statements which have been audited by KPMG.
Attachment A
Steadfast Group Limi t e d Annual Report For the year ended 30 June 202 3