IBA Media Release: IBA Annual Report 2024–25 showcases strong year of impact and growth 

Indigenous Business Australia (IBA) has released its Annual Report for 2024–25 which shows Aboriginal and Torres Strait Islander people across Australia are driving economic success, and building financial independence and long-term, economic prosperity. 

The report showed that IBA achieved every KPI, and outlines key activities and achievements, including: 

• Distribution of $389.9 million in capital and capability development 

• Support for 2,956 individuals through IBA products, employment, or procurement opportunities 

• Access to networks, knowledge, and capability-building services for 4,018 people.
   

IBA reported total consolidated assets of $2.4 billion, an increase of $107 million from the previous financial year. This growth was primarily driven by the expansion of the loan portfolio, with increased lending activity.  

2024–25 marked the 50th anniversary of the Indigenous home ownership program. Since inception, IBA and its predecessors have supported over 22,000 families—benefiting more than 75,000 Aboriginal and Torres Strait Islander people. This year alone, more than $290 million in home loans were approved. 

First Nations businesses are thriving with support from IBA’s business solutions program. In 2024–25, $77 million in business finance was delivered to 172 businesses, helping create or sustain 791 jobs. 185 businesses accessed external support, and more than 860 participants joined 80+ workshops nationwide.  

First Nations organisations are building long-term prosperity through IBA’s investment platforms, with $84.3M in IREIT distributions, strong IPF returns of 11.5% and 7.1%, and seven new co-investors joining. 

IBA Chair Darren Godwell said: “IBA is evolving into an Indigenous economic powerhouse—fulfilling its legislative mandate and unlocking new possibilities for future generations.  

“We are proud to stand with First Nations people across Australia in shaping a future defined by strength, resilience, and prosperity." 

The Annual Report also highlights IBA’s commitment to sustainability and impact, with the release of its fourth Impact Report focused on financial wellbeing, its first ESG strategy, and the comprehensive Pathways Through Housing and Business reports. 

View the full IBA Annual Report 2024–25 here.

Media contact: Katie Hoskins 02 9207 6362 or katie.hoskins@iba.gov.au