Half Yearly Results and Financial Report (incl Appendix 4D)
| Stock | Fiducian Group Ltd (FID.ASX) |
|---|---|
| Release Time | 17 Feb 2025, 8:27 a.m. |
| Price Sensitive | Yes |
Fiducian Group Ltd reports strong half-year results
- Revenue grew by 14% to $44.3 million
- Funds Under Management, Advice and Administration (FUMAA) increased by 11% to $14.4 billion
- Statutory Net Profit After Tax (NPAT) was 26% higher at $8.6 million
Fiducian Group Limited (FGL) has reported its financial results for the half-year ended 31 December 2024. Compared to the corresponding period in 2023, the Group's revenue grew by 14% to $44.3 million, and Funds Under Management, Advice and Administration (FUMAA) increased by 11% to $14.4 billion. Statutory Net Profit After Tax (NPAT) was 26% higher at $8.6 million, while Underlying Net Profit After Tax (UNPAT), a measure of the Group's cash earnings, was 20% higher at $9.9 million. The increase in FUMAA was driven by strong growth in the Group's platform administration offering, funds under management, and funds under advice. Expenses grew by 10.7%, reflecting the Group's continued investment in its operations. The Group's diversified fund performances and rankings compared to their peer group fund managers were strong, with the Zenith Survey reporting top quartile rankings for the Group's funds across various time periods. The Group continues to support the community through financial sponsorships of amateur and junior sporting teams, as well as charitable endeavors. Fiducian is also proud to be an equal opportunity employer, with a diverse workforce comprising employees from over 31 countries. The Board has declared an interim fully franked dividend of 21.90 cents per share, reflecting the Group's confidence in the future growth prospects of the business.
Fiducian Group Limited expects to continue to grow its Funds Under Management, Advice and Administration (FUMAA) through organic growth and acquisition of client bases in the 2025 financial year.
The Group remains cautiously optimistic about the future, with a balanced approach to its diversified funds and a bias towards international equities. The longer-term outlook for the technology sector remains positive, and the Group is well-positioned to benefit from continued investment in areas such as artificial intelligence, manufacturing, life sciences, and sustainable energy.