Bell Financial Group (BFG) H2 2025 earnings summary

Executive summary

• Achieved strong financial performance in 2025, with net profit after tax of $36.0 million, up 17.1% year-over-year, and revenue of $299.2 million, up 8.2%.

• Sustained client growth driven by onboarding new clients, efficiency improvements, and expansion of recurring revenue streams.

• Funds under advice reached a record $92.1 billion, up 7.3% year-over-year.

• Delivered increased shareholder value through higher EPS and DPS, with EPS rising 17.7% to 11.3¢ and DPS up 19% to 9.5¢.

• Finished the year with $146.0 million in net cash and no operating debt.

Financial highlights

• Revenue reached $299.2m, up 8.2% year-over-year; NPAT was $36.0m, up 17.1%.

• EPS rose 17.7% to 11.3¢; DPS increased 19% to 9.5¢, fully franked.

• Funds under advice grew 7.3% to $92.1b; NPAT margin expanded by 90bps to 12.0%.

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

• 2H25 profit was $26.7m, up 185.3% sequentially from 1H25.

Outlook and guidance

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

• Focus on building a scalable Platforms division with recurring revenue and launching new digital applications and investment products.

• Expansion into holistic advice and broader wealth management services.

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