Bell Financial Group (BFG) H1 2024 earnings summary

Executive summary

• Net profit after tax rose 50.1% to $16.6 million for the half-year ended 30 June 2024 compared to $11.1 million in the prior corresponding period.

• Revenue from ordinary activities increased 18.3% year-over-year to $138.7 million.

• Fully franked interim dividend of 4.0 cents per share declared, up from 3.0 cents last year, payable 10 September 2024.

Financial highlights

• Total revenue and income reached $138.7 million, up from $117.3 million in the prior period.

• Profit before income tax was $23.8 million, up from $16.2 million year-over-year.

• Basic and diluted EPS increased to 5.2 cents from 3.5 cents.

• Net tangible assets per share rose to $0.29 from $0.27.

Outlook and guidance

• No significant events or circumstances have arisen post-period that would affect future operations or financial position.