Sequoia Financial Group (SEQ) H2 2025 earnings summary

Executive summary

• EBITDA for FY2025 reached $9.9 million, up 13.7% year-over-year, reflecting operational improvements and cost reductions, despite divesting five business units.

• Revenue held steady at $124.1 million after divestments, with normalized business growing on a like-for-like basis.

• Net profit before tax was $5.84 million, with a $4.2 million goodwill impairment; net profit after tax was $3.2 million.

• Funds under advice surged to $18 billion, up from $12.5 billion in FY24, with over 60% on investment platforms.

• Full-year fully franked dividend of 4.0 cents per share declared, with a 60% payout ratio.

Financial highlights

• Normalized EBITDA rose to $9.9 million, up 13.7% year-over-year.

• Revenue stable at $124.1 million, not reflecting the impact of five divestments.

• Net profit after tax was $3.2 million, impacted by a $4.2 million goodwill write-down.

• Net assets at $48.5 million, with $4.3 million in cash and $16 million in strategic investments.

• Basic EPS at 2.6 cents, down from 18.1 cents in FY24.

Outlook and guidance

• Targeting 10% net growth in adviser numbers and 10% increase in revenue per adviser over the next 12 months.

• Plans to grow salaried advice business by 25% in adviser numbers and double EBITDA over the next year.

• Legal documents business aims for 10% organic client growth and market share increase from 10% to 15%.

• Ongoing technology and compliance investments, including AI and governance enhancements.

• Focus on operational efficiency, platform synergies, and disciplined capital management.