Prime Financial Group (PFG) H2 2025 earnings summary

Executive summary

• Achieved 21% revenue growth year-over-year to AUS 49.4 million for FY25, surpassing guidance and driven by both organic growth and acquisitions.

• Funds under management increased 58% to AUS 1.9 billion, supported by the Lincoln Indicators acquisition which added 3,300 clients.

• Net profit after tax and amortization rose 42% to AUS 5.9 million; reported EPS up 37% to 1.87 cps.

• Underlying EBITDA rose 17% to AUS 11.9 million, and reported EBITDA up 39% to AUS 10.6 million.

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

Financial highlights

• Ongoing revenue from continuing operations at AUS 55 million.

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

• Dividend increased 5% to AUS 0.0089 per share; total annual dividend up 4% to 1.66 cps.

• Revenue per FTE up 6% to AUS 220,000; labor costs stable at 55% of revenue.

• Operating cash flow decreased to AUS 2.9 million from AUS 5.7 million due to higher working capital.

Outlook and guidance

• Targeting AUS 100 million in revenue and a 30% underlying EBITDA margin by FY 2028–2030, with 65%-75% of growth expected from acquisitions.

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

• Growth expected to continue through further M&A, organic expansion, and technology-driven efficiencies.

• EBITDA margin expected to return to 30% as scale increases and shared services costs stabilize.

• Guidance for FY 2026 to be provided at AGM in November; continued focus on growth and M&A pipeline.