Euroz Hartleys Group (EZL) investor relations material

Executive summary

• Revenue increased 43.6% year-over-year to $141.7 million, driven by strong performance in both Capital Markets and Private Wealth divisions.

• Net profit after tax attributable to members rose 62.4% to $16.7 million, with basic EPS up to 10.74 cents from 6.54 cents.

• The group declared a fully franked full-year dividend of 7.5 cents per share, up from 5.5 cents last year.

• Entered a binding agreement to sell the Capital Markets business to Bank of Montreal for $145 million, with completion expected in Q4 2026.

Financial highlights

• Brokerage revenues increased 41.2% to $44.5 million; underwriting and placement fees up 51.5% to $58.4 million.

• Corporate advisory revenues surged 190.2% to $6.2 million; performance and management fees up 1,136% to $2.8 million.

• Wealth management fees rose 13.8% to $25.1 million; Funds Under Management (FUM) grew 16.1% to $5.16 billion.

• Net tangible assets per share decreased to $0.382 from $0.498, a 23.3% decline.

• Cash and investments at year-end totaled $86.9 million; no debt.

Outlook and guidance

• Post-sale, the group will focus on Private Wealth under the Euroz Hartleys and Entrust Wealth Management brands.

• Strategic alliance with BMO to maintain connectivity between Private Wealth and Capital Markets clients.

• Directors expect continued FUM growth and increased recurring revenues.

• Ongoing investment in adviser teams and technology to support future growth.