Sequoia Financial Group (SEQ) H2 2026 earnings summary

Executive summary

• Reported a net statutory loss before tax of $8.7m for FY26, compared to a $5.8m profit before tax in FY25.

• Revenue declined 15% year-over-year to $105.4m, primarily due to lower commission revenue and a significant reduction in adviser numbers.

• Operating profit (normalised EBITDA) fell to $4.4m from $9.8m in FY25.

• Statutory net loss after tax was $8.6m, compared to a $3.2m profit after tax in FY25.

Financial highlights

• Revenue: $105.4m, down from $124.1m in FY25.

• Operating profit: $4.4m, down from $9.8m in FY25.

• Net profit before tax: $(8.7)m, compared to $5.8m in FY25.

• Net profit after tax: $(8.6)m, compared to $3.2m in FY25.

• Earnings per share: (6.97) cents, down from 2.59 cents in FY25.

Outlook and guidance

• Priority for FY27 is resolving legal matters related to InterPrac and pursuing selective growth opportunities.

• Focus will shift to leveraging diversified operations for a broader earnings base once legal issues are resolved.