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Challenger ( (AU:CGF) ) has provided an update.
Challenger Limited announced strong financial results for FY25, with a 9% increase in normalised net profit after tax to $456 million, aligning with its earnings guidance. The company reported record sales in retail lifetime and Japanese annuities, highlighting its successful growth strategy and digital transformation efforts. Challenger’s strategic initiatives, including new retirement partnerships and the launch of an innovative income platform, position it well to meet the increasing demand for retirement income solutions. The company also declared a fully franked dividend of 29.5 cents per share, marking an 11% increase from the previous year.
The most recent analyst rating on (AU:CGF) stock is a Sell with a A$6.60 price target. To see the full list of analyst forecasts on Challenger stock, see the AU:CGF Stock Forecast page.
More about Challenger
Challenger Limited operates in the financial services industry, focusing on retirement income products and services. The company is known for its annuity products and has a strong presence in the Australian and Japanese markets, aiming to capitalize on the growing demand for retirement solutions.
YTD Price Performance: 44.05%
Average Trading Volume: 2,593,746
Technical Sentiment Signal: Buy
Current Market Cap: A$5.8B
See more data about CGF stock on TipRanks’ Stock Analysis page.