Fiducian Group (FID) H1 2026 earnings summary

Executive summary

• Funds under management, advice, and administration (FUMAA) increased 9% to AUD 15.6 billion, driven by strong market performance and net inflows of AUD 178 million from in-house advisors.

• Revenue rose 9% to AUD 48.5 million, with underlying net profit up 17% to AUD 11.5 million and statutory NPAT up 15% to AUD 9.9 million.

• Dividend of AUD 0.255 per share declared, up 16% and representing 70% of underlying net profit.

• The company maintains a strong balance sheet with AUD 35.7 million in cash, supporting acquisitions and operational resilience.

• Enhanced SMA offering launched, platform fees to be reduced from July 2025, and several EPS-accretive acquisitions completed.

Financial highlights

• Operating revenue for H1 FY2026 was AUD 48.5 million, up 9% year-over-year; net revenue up 11% to AUD 37.1 million.

• Underlying EBITDA grew 18% to AUD 16.1 million, with a margin of 33%; gross margin increased to 77%.

• Statutory NPAT up 15% to AUD 9.9 million; basic EPS based on UNPAT up 16% to 36.5 cents.

• 10-year CAGR: revenue up 13%, underlying net profit and EPS up 13.6%.

• All business segments—platform administration, funds management, and financial planning—showed strong performance.

Outlook and guidance

• Consistent long-term growth trajectory with annualized top-line revenue growth of 13% and EPS growth of 13.6% over the past decade.

• If current market levels persist, average funds could rise by over AUD 400 million, potentially adding more than AUD 2 million in annualized revenue.

• Targeting break-even in financial planning by year-end, with current annualized loss reduced to AUD 300,000–400,000.

• Ongoing focus on efficiency gains, AI integration, and expanding advisor capacity to drive future profitability.

• The Board remains confident in continued business strength through organic growth and acquisitions, supported by a positive economic outlook.