Fiducian Group (FID) H1 2025 earnings summary

Executive summary

• Achieved record net inflows of AUD 186 million in platform administration for H1 FY2025, driven by organic growth and acquisitions.

• Funds under management, advice, and administration (FUMAA) reached AUD 14.37 billion, up 11% year-over-year, with strong growth across all segments.

• Underlying NPAT increased 20% to AUD 9.88 million; statutory NPAT up 26% to AUD 8.63 million compared to the prior year.

• Underlying EBITDA margin improved from 29% to 31%, with underlying EBITDA up 20–22% year-over-year.

• Dividend payout policy remains at 60–80% of underlying NPAT, with H1 FY2025 dividend at AUD 0.219 per share, up 20% from the previous year.

Financial highlights

• Operating revenue reached AUD 44.34 million, up 14% year-over-year; net revenue was AUD 33.6 million, up 15%.

• Gross margin improved to 76% (from 75%); underlying EBITDA margin rose to 31% (from 29%).

• Basic EPS (UNPAT): 31.4 cents; Basic EPS (NPAT): 27.4 cents, both showing strong growth.

• FUMAA up 11% to AUD 14.37 billion, with consistent growth from organic and inorganic inflows.

• Cash and cash equivalents increased to AUD 28.9 million as of 31 December 2024.

Outlook and guidance

• Expectation of continued growth in funds under management and administration, with a focus on sustainable, predictable expansion and adviser network growth.

• Targeting 100–150 financial advisors, aiming for AUD 1 billion in new inflows annually.

• Auxilium platform positioned to disrupt competitors and attract independent advisors, with a strong pipeline and early traction.

• Anticipate higher average FUM and revenue in H2 FY2025 due to seasonality and market growth assumptions of 6–6.5%.

• Full year results announcement scheduled for 18 August 2025.