Count (CUP) H1 2026 earnings summary

Executive summary

• Statutory revenue rose 12% year-over-year to AUD 82.8 million, with underlying EBITA up 19% to AUD 16.6 million and underlying NPAT attributable up 45% to AUD 7.2 million; statutory NPAT surged 133% to AUD 9.2 million.

• Strong growth in the wealth segment and robust M&A activity, including nine acquisitions in the half and integration of Count Adelaide and WSC Group, contributed to higher interim dividends and increased funds under management.

• Continued focus on scaling, operational efficiency, leveraging technology for productivity and compliance, and disciplined execution of the integrated three-segment strategy.

Financial highlights

• Funds under advice grew 11% to AUD 40.2 billion, and funds under management surged 49% to AUD 5.3 billion.

• Underlying EBITDA margin improved to 20%; statutory EBITDA up 50% to AUD 18.7 million.

• Interim dividend increased 14% to AUD 0.02 per share, fully franked.

• Operating cash flow conversion around 90%, with operating cash flow for 1H26 at AUD 15.4 million, up 75% year-over-year.

• Earnings per share rose 131% to 5.49 cents.

Outlook and guidance

• Strategic plan targets AUD 10 billion FUM and 50% take-up of outsourcing and education products within five years.

• Priorities include scaling employed planners, executing disciplined M&A, accelerating investment solutions, and deepening service uptake.

• Robotics and AI to drive productivity and compliance, with ongoing vigilance for technology risks.

• Management expects continued strong demand for wealth advice and investment solutions, supported by industry tailwinds and regulatory reforms.