Prime Financial Group (PFG) H1 2025 earnings summary

Executive summary

• Achieved 25% year-over-year revenue growth to AUD 22.9 million in H1 FY25, driven by strong Wealth segment performance and recent acquisitions Altor Capital and EPM.

• Underlying EBITDA rose 8% to AUD 4.1 million; reported EBITDA up 102% to AUD 3.4 million, reflecting operational leverage and acquisition contributions.

• Interim dividend increased 3% to 0.77 cps, with a Dividend Reinvestment Plan available and 48% of shares owned by staff and associates.

• Over 70% of revenue is recurring, underpinned by a diversified client base and cross-segment service delivery.

• On track to reach AUD 50 million revenue in FY25 and targeting AUD 100 million within 3–5 years.

Financial highlights

• Total revenue grew 25% year-over-year to AUD 22.9 million; Wealth segment up 41% to AUD 12.0 million, Business segment up 12% to AUD 10.9 million.

• Underlying EBITDA increased 8% to AUD 4.1 million; reported EBITDA up 102% to AUD 3.4 million.

• Reported EPS improved to 0.46 cps from -0.02 cps in H1 FY24.

• Interim dividend of 0.77 cps, fully franked, up from 0.75 cps.

• Net operating cash flow was AUD 0.8 million; net debt at AUD 11.0 million, with AUD 30 million undrawn from a AUD 41 million facility.

Outlook and guidance

• Targeting 15–20% annual growth in revenue and underlying EBITDA, with 3–5% dividend growth.

• On track to double annual revenue from AUD 26 million in FY22 to AUD 50 million in FY25, and again to AUD 100 million within 3–5 years.

• Second half of the year historically stronger, with margin expected to recover to 25%–26% and significant uplift in H2 FY25.

• Focus remains on organic growth, scaling new services, and executing EPS-accretive acquisitions.