According to the company’s statement, Suncorp Group Limited continues to make progress in repurchasing shares on the market. The financial services provider is buying shares to enforce its capital management and enhance shareholder value.
The latest report, dated October 3, 2025, flagged new repurchases. On the previous day, Suncorp repurchased a total of 262,161 ordinary fully paid shares. Prior to this repurchase transaction, some 544,605 shares had already been repurchased. This implies that over 800,000 shares have been repurchased under the program.
The trades were executed via the broker Barrenjoey Markets Pty Ltd. The maximum price paid was AUD 20.50000000, while the minimum was AUD 20.15000000.
Sun Corp released buy-back update
Why Is Suncorp Conducting The Buy-Back?
Since its inception on September 26, 2025, the buy-back programme is valued at up to AUD 400 million. It is expected to last until the 30th of June 2026. Under this class, Suncorp has 1,082,967,555 shares on issue.
By way of repurchase, however, the company may be in a position to decrease supply and increase earnings per share. No shareholder approval is required for the buy-back. It is conducted entirely on-market in accordance with ASX’s listing rules.
How Much Has Been Paid So Far?
Shares were bought on 2 October 2025 by Suncorp for AUD 5,353,775.89000. Earlier repurchases amounted to AUD 10,982,460.76000. The maximum price allowed under ASX rule 7.33 was AUD 21.20000000.
The group at all times has chosen not to come anywhere closer to this ceiling. The peak price during the program was AUD 20.37000000, on the 30th of September 2025. The time when it was priced lowest was on the 26th of September 2025, at AUD 19.68000000.
Trading Volume and Income Chart
Suncorp Group’s Market Position
Suncorp stands out in the front ranking of financial services providers in Australia and New Zealand. Hence, it is one of the few groups operating in the segments of insurance, banking, and wealth management.
In return, buy-back issuance is a show of confidence in the group. This also translates to an assurance to share out returns to shareholders.
Being present for Daily ASX announcements offer no scope for suspicion, hence conduct the notion of corporate governance.
What Does The Buy-Back Mean For Investors?
A buy-back increases earnings per share as the number of shares on issue is reduced. The program reiterates management’s confidence in the project’s future performance.
Nevertheless, investors should observe that market trends can still influence the share price. Buy-backs are but one of many tools in capital allocation. Suncorp’s ongoing buy-back points to long-term shareholder value.
Suncorp’s Market Capitalisation And Share Price
Suncorp Group Limited (ASX: SUN) holds a market capitalisation of approximately A$22.20 billion, reflecting its strong presence in the Australian financial sector. Its shares recently traded near A$20.53 on the ASX.
These figures highlight the significance of its A$400 million buy-back program, where even modest repurchases can influence per-share performance. With substantial market value and strong trading activity, Suncorp’s buy-back adds weight to its ongoing capital management strategy.
What Are The Next Steps For Suncorp?
Unless earlier completed, the program is to continue until 30 June 2026. Daily notification shall be lodged with the ASX in compliance with listing requirements. The pace of buy-backs may fluctuate with market conditions and trading volumes. Investors are advised to keep apprised of further ASX announcements for updates.
Suncorp will continue to aim at optimising the use of capital against long-term shareholder returns. This way, the group remains aligned with investor expectations as well as industry practice.
Also Read: Orica Limited Announces Daily Update on On-Market Share Buy-Back
FAQs
1.How much does the total buy-back program amount to?
There is a proposal to buy back shares to the tune of AUD 400 million.
2.How many shares had been bought back on 2 October 2025?
On 2 October 2025, a total of 262,161 ordinary fully paid shares had been purchased.
3.When will this buy-back end?
The plan shall end on 30 June 2026 unless otherwise terminated earlier.
4.Who does the repurchases on behalf of Suncorp?
The repurchases are done by Barrenjoey Markets Pty Ltd.
