Prime Financial Group (PFG) H2 2025 earnings summary

Executive summary

• Achieved 21% revenue growth to $49.4M for FY25, surpassing guidance, with strong contributions from both organic growth and acquisitions.

• Underlying EBITDA rose 17% to $11.9M, and reported EPS increased 37% to 1.87 cps year-over-year.

• Funds under management increased 58% to $1.9B, driven by organic growth and the Lincoln Indicators acquisition, which added $600M FUM and 3,300 high net worth clients.

• Continued to build scale and capability via the 'OneConnected' strategy, integrating technology, cross-selling, and expanding the client base.

• Team size stable at 225, with extended ownership to overseas staff.

Financial highlights

• Revenue reached $49.4M for FY25; ongoing revenue from continuing operations now at $55M.

• Underlying EBITDA margin was 24%, down from 25% prior year and 30% three years ago.

• Dividend increased 5% to 0.89 cps; total annual dividend up 4% to 1.66 cps.

• Revenue per FTE up 6% to $220K; labor costs stable at 55% of revenue.

• Operating cash flow decreased to $2.9M from $5.7M due to higher working capital.

Outlook and guidance

• Targeting $100M in revenue by FY28–30, with 65%-75% of growth expected from acquisitions and a 30% underlying EBITDA margin.

• Organic growth expected to remain at 6%-10% annually.

• Plans to invest in people, data, technology, AI, and platform scalability.

• Guidance for FY26 to be provided at AGM in November; continued focus on growth and M&A pipeline.