AUB Group sees 12% revenue increase in H1’25

AUB Group has release its financial results for the first half of 2025, reporting AUD 712.6 million in revenue, a 12.1% increase when compared to the AUD 635.7 million seen in the first half of 2024.

Underlying net profit after tax (NPAT) increased to AUD 79.3 million in H1 2025, compared to the AUF 70.2 million reported in the same period the year prior.

According to AUB, the 13% increase in underlying NPAT was mainly from robust organic growth of 9.3%, to AUD 6.5 million, and 15% from acquisitions, to AUF 10.5 million.

The company’s international division saw a 10.4% increase in revenue, to AUD 204.2 million, compared to H1 2024. The division’s EBIT Margin also improved, increasing 160bps, to 19.6%, as well as EBIT, which grew 19.8%

The Sydney headquartered firm also highlighted the significant progress that has been achieved over the past year with the establishment and build-out of the new International division.

This new division includes its International Wholesale (Tysers). The Tysers brand is going to be used for London Wholesale and Tysers Retail is to split out into UK Retail.

A new Tysers CEO, Babita Rai, was also appointed, and the structure of the business was simplified: Marine & Aviation, Property and Casualty, Specialty, and Tysers Live.

Michael Emmett, Chief Executive Officer of the AUB Group, commented: “We are making outstanding progress to build a multi-country Insurance Services Group.

“While our individual divisions continue to deliver strong results, our investment in Tysers has already driven a substantial uplift in the value of Retail Broking and Underwriting Agencies.”

One of the main progress that AUB has made with the acquisition has been the agreed earn-out payment with Tysers Vendor based on revenue achievement of 95% of maximum.

On January 21, 2025, the Group expanded its syndicated debt facility by AUD 250 million on January 21, 2025, raising the total available amount from AUD 850 million to AUD 1.1 billion.

After the half-year reporting period, on February 18, 2025, AUB finalised the contingent consideration payment for the Tysers acquisition at £57.4 million.

This was lower than the £78 million estimated and recognised in the December 31, 2024 half-year financial statements, due to contractual set-off rights.

The final payment reflects Tysers achieving 95% of the maximum revenue during the earn-out period.

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