Bell Financial Group (BFG) H2 2025 earnings summary

Executive summary

• Achieved strong financial performance in 2025, with growth across all business divisions and continued expansion of recurring revenue streams.

• Sustained client growth driven by onboarding new clients and efficiency improvements supporting margin growth.

• Delivered increased shareholder value through higher EPS and DPS.

Financial highlights

• Revenue reached $299.2m, up 8% year-over-year; NPAT was $36.0m, up 17%.

• EPS rose 18% to 11.3¢; DPS increased 19% to 9.5¢.

• Funds under advice grew 7% to $92.1b; NPAT margin expanded by 90bps to 12.0%.

• Return on equity improved by 200bps to 20.3%.

• Cash balance at $146.0m; net assets at $254.8m.

Outlook and guidance

• Positive start to 2026 with favorable market conditions, though geopolitical and inflationary pressures persist.

• Focus on completing client migration to the Praemium platform and launching new digital applications and investment products.

• Continued pursuit of external growth opportunities aligned with strategic objectives.