Prime Financial Group (PFG) investor relations material

Executive summary

• Achieved revenue growth of 22% year-over-year to AUD 60.5 million, with recurring revenue rising to 85% of total revenue from 70% in the prior year.

• Underlying EBITDA increased 18% to AUD 13.9 million, with margin stable at 24%.

• Operating cash flow rose 47% to AUD 4.3 million, demonstrating improved earnings conversion.

• Net profit after tax (NPAT) declined 15% to AUD 3.9 million, primarily due to a company tax rate increase from 25% to 30%.

• Board declared a fully franked full-year dividend of AUD 0.0172 per share, up 4% year-over-year.

Financial highlights

• Revenue per FTE rose 25% to AUD 276,000.

• NPATA (adjusted for tax change) increased 22% to AUD 6.6 million.

• Reported EPS declined 20% to 1.49 cps, but would have been 1.96 cps (up 5%) excluding the tax rate change.

• Net assets increased to AUD 61.2 million; net debt rose to AUD 20.6 million, with debt to underlying EBITDA at 1.5x.

• Funds under management reached AUD 1.9 billion.

Outlook and guidance

• Targeting AUD 100 million revenue by FY 2028-2030, focusing on organic growth in wealth, SMSF, and accounting segments.

• Continued emphasis on business simplification, operational efficiency, and technology enablement to drive margin improvement.

• Organic growth to be driven by Wealth, Accounting, and SMSF services, with selective acquisitions planned.

• No formal FY 2027 guidance provided, but management remains confident in achieving set milestones.

• FY27 expected to support future margin improvement and operating leverage.