• Revenue up 12.0% to $115.2 million
• Operating NPAT up 21.1% to $12.2 million
• Interim dividend of 7.4 cents per share, up 2.8% on PCP

Propel Funeral Partners Ltd reported a strong financial performance in the first half of FY25, with revenue up 12.0% to $115.2 million and operating net profit after tax increasing 21.1% to $12.2 million compared to the prior corresponding period. The company's funeral volumes increased 8.6% year-on-year, with a 2.6% rise in comparable average revenue per funeral. Gross profit margin improved from 69.4% to 70.0%, while operating costs increased 15.2% due to the impact of recent acquisitions and changes to executive remuneration. Depreciation, interest expense, and acquisition costs were lower compared to the prior period. The company declared an interim dividend of 7.4 cents per share, up 2.8% on the prior corresponding period. Propel completed the acquisition of Decra Art Headstones & Monuments in New Zealand and entered into an agreement to acquire Twentymans Funeral Services and Thames Crematory, also in New Zealand. The company also acquired four freehold properties during the period.

Propel Funeral Partners continues to benefit from the growing and ageing population in Australia and New Zealand, with its diversified portfolio of funeral, cemetery, and cremation services. The company remains focused on integrating recent acquisitions and exploring further growth opportunities to drive long-term shareholder value.