• Solid results in improved market conditions, with 26.4% increase in profit after tax
• Recurring revenues from Technology & Platforms and Products & Services businesses continue to grow strongly
• Funds Under Advice close the year at a record $85.8 billion

Bell Financial Group (ASX:BFG) reported a solid set of results for the 2024 financial year, with a 26.4% increase in profit after tax to $30.7 million. This was driven by growth across all business divisions, including Retail and Institutional Broking, Products & Services, and Technology & Platforms. The company's recurring revenue businesses, Technology & Platforms and Products & Services, continued to deliver strong performance, contributing 31% of group revenue and 70% of group profit. Funds Under Advice, including Portfolio Administration Services, superannuation assets, sponsored holdings and the Bell Potter Capital margin loan book, all hit record highs in 2024, closing the year at $85.8 billion. The company's balance sheet remains strong, with $130 million in cash and no core debt. The improved market conditions and strong financial performance enabled the company to increase the full-year dividend to 8.0 cents per share (fully franked), representing a gross yield of 8.5% based on the 31 December 2024 share price.

The company remains focused on unlocking its growth potential by investing in its people, technology, and product offerings. It sees ongoing opportunities to expand the distribution of its products and services through both internal and external avenues, as well as exploring new growth opportunities. The company's market-leading proprietary technologies are expected to continue providing scale, reliability, and cost efficiencies, supporting the company's margin expansion.