Challenger Expected to Post AU$230 Million Fiscal H1 Net Profit After Tax, Says Jefferies

MT Newswires Live
Jan 20

Challenger (ASX:CGF) is expected to report fiscal first-half normalized net profit after tax of AU$230 million, compared to AU$236 million in the first half of fiscal 2025, said Jefferies in a Monday note.

Jefferies said that, similar to the first half of fiscal 2025, the company's capital and operating earnings margin is expected to be affected by the timing of insurance-linked securities bond distributions, which typically distribute income in the second half of the fiscal year.

The capital and operating earnings margin for the fiscal H1 is forecast at 3.11%, the note added.

The investment firm expects Challenger to maintain fiscal year 2026 guidance, targeting basic earnings per share between AU$0.66 and AU$0.72.

Jefferies kept a hold rating on Challenger and raised its price target to AU$9.60 from AU$8.70.

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