Appendix 4D and FY25 H1 Financial Report
| Stock | Centrepoint Alliance Ltd (CAF.ASX) |
|---|---|
| Release Time | 24 Feb 2025, 9:20 a.m. |
| Price Sensitive | Yes |
Centrepoint Alliance Reports Strong H1 FY25 Results
- Revenue from contracts with customers up 13.8% to $159.5m
- Profit before tax and non-controlling interests up over 100% to $4.9m
- Interim dividend of 1.25 cents per share, fully franked
Centrepoint Alliance Ltd has reported strong financial results for the first half of FY25, with revenue from contracts with customers up 13.8% to $159.5m and profit before tax and non-controlling interests increasing by over 100% to $4.9m. The company's core licensee and self-licensed services businesses continue to perform well, with net adviser growth of seven and only a slight decline of three self-licensed firms. The company's salaried advice businesses, FAM and Xseed, have been fully integrated and are showing strong growth. The company's new IconiQ Investment and Superannuation platforms were successfully launched during the period, providing a complete platform solution for advisers. Service levels have also shown significant improvement, with a reduction in average turnaround time and an increase in the percentage of enquiries closed within two days. The company's overall group net promoter score stands at an all-time high of 47, reflecting the exceptional service levels. The company has continued to expand its technology offering and has an active internal AI working group that is rolling out AI tools to enhance adviser efficiency. The company is also well-positioned to benefit from upcoming regulatory changes aimed at alleviating various cost burdens faced by financial advisers and customers.
Centrepoint Alliance Ltd reported revenue from contracts with customers of $159.5m for the first half of FY25, up 13.8% from the prior comparative period. Profit before tax and non-controlling interests was $4.9m, up over 100% from the prior comparative period.
The company continues to demonstrate strong performance and resilience in a dynamic market environment. The group's strength in its core businesses, combined with strategic initiatives, technological advancements, cybersecurity enhancements, and regulatory compliance, positions it well for sustained growth and success.