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, up from $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.

• No significant subsequent events or changes in operations identified post-period end.

Financial highlights

• Total revenue and income reached $138.7 million, compared to $117.3 million in the prior year.

• 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 year-over-year.

• Net tangible assets per share rose to $0.29 from $0.27 at 30 June 2023.

• Cash and cash equivalents at 30 June 2024 were $204.1 million, down from $216.8 million at 31 December 2023.

Outlook and guidance

• Directors believe there are reasonable grounds for the Group to pay its debts as they become due.

• No guidance provided for future periods, but no material uncertainties identified.