Bell Financial Group (BFG) AGM 2025 summary

Opening remarks and agenda

• Meeting held virtually on 21 May 2025, confirming quorum and introducing directors, co-CEOs, company secretary, and auditor.

• Shareholders could vote and ask questions online; agenda included 2024 reports, remuneration report, director re-election, and a Q&A session.

Financial performance review

• FY2024 profit after tax was AUD 30.7 million, up 26.4% from 2023; revenue reached AUD 276.4 million, up 11.9%.

• Funds under advice hit AUD 85.8 billion, up 7.5% year-on-year; return on equity rose to 18.3%.

• Technology & Platforms and Products & Services contributed 31% of revenue and 70% of profit.

• All business divisions contributed to 9.8% revenue growth.

• Group maintained a strong balance sheet with AUD 130 million in cash, no core debt, and a market capitalisation of AUD 430 million at year-end.

Dividend announcements

• Full-year 2024 dividend increased to AUD 0.08 per share, fully franked, yielding 8.5% based on year-end share price.

• AUD 25.7 million in fully franked dividends paid in 2024.