• Strong financial performance driven by organic adviser growth, the full year impact of the FAM acquisition, and disciplined cost management
• Licensee Services growth despite tightening recruitment conditions, with 556 advisers and net growth of +7 over the six months
• NPS at an all-time high of +47 reflecting a high level of adviser satisfaction

Centrepoint Alliance Ltd reported a strong financial performance in H1 FY25, with gross revenue of $159.7m, up 14% on H1 FY24, and net revenue of $20.1m, up 20% on the prior period. This was driven by organic adviser growth, the full year impact of the acquisition of Financial Advice Matters Group Pty Ltd (FAM), and disciplined cost management. The company's Licensee Services division continued to grow, with 556 advisers and net growth of +7 over the six-month period, despite tightening recruitment conditions. The NPS reached an all-time high of +47, reflecting a high level of adviser satisfaction. The salaried advice business is fully integrated, with a uniform operating model, and the IconiQ investment and superannuation platform was successfully launched in November 2024, with Ventura Investment Management Limited as the operator of the IDPS and promoter of the Super Wrap. The portfolio returns for the IconiQ portfolios outperformed their investment objectives over the 12 months to December 2024. The company reported EBITDA (excluding LTI, one-off costs, and the FAM contingent consideration release) of $5.3m, up 29% on H1 FY24, and NPBT of $4.9m, up $2.5m on the prior period.

The company provided earnings guidance for FY25 in the range of EBITDA $10.25m to $10.5m.

The company's strength in its core licensee services business, combined with new strategic initiatives, positions it well for growth. The dislocation in the market continues to create recruitment opportunities, and the company's focus on higher recurring margins through strategic initiatives is expected to drive future growth.