• Total revenue up 25%, driven by strong performance in Wealth and Business segments
• Reported EBITDA up 102%, driven by robust earnings from acquisitions
• Underlying EBITDA up 8%, reflecting investment in service offerings and positive acquisition contribution

Prime Financial Group Ltd (Prime - ASX:PFG), an Advice, Capital and Asset Management Group, today announced its results for the half year ended 31 December 2024 (H1 FY25). H1 FY25 highlights include total revenue of $22.9 million, up 25% on the prior corresponding period (pcp), driven by a strong performance in the Wealth segment (up 41%) and Business segment (up 12%), as well as contributions from acquisitions. Reported EBITDA was $3.4 million, up 102% on pcp, driven by a robust earnings performance from FY24 acquisitions and lower one-off costs versus the pcp. Underlying EBITDA (members) was $4.1 million, up 8% on pcp, reflecting continued investment in building out service offerings, growth in existing service lines, and the positive contribution from acquisitions. The integration of acquisitions, Altor Capital and Equity Plan Management, is progressing successfully, with the new businesses seamlessly fitting into the 'OneConnected' model. Prime is on track to deliver its FY25 guidance, including 15-20%+ revenue and underlying EBITDA growth, dividend growth of 3-5%, and a goal of reaching $50 million in group revenue this year and then doubling it to $100 million within the next 3-5 years.

Prime is on track to deliver FY25 guidance of 15-20%+ revenue and underlying EBITDA growth, and dividend growth of 3-5%. The company is also targeting group revenue of $50 million in FY25 and then doubling revenue again to $100 million within 3-5 years.

Prime enters the second half of the year with strong momentum and is well placed for a significant uplift in margin and profitability in H2, supported by ongoing organic growth, new service offerings, further EPS-accretive acquisitions, and realising scale efficiencies from the full-year contributions of recent acquisitions. The company is also targeting greater investment in technology to drive further efficiencies and synergies and increase cross-sell.