Half Yearly Report and Accounts

Open PDF
Stock EUROZ Hartleys Group Ltd (EZL.ASX)
Release Time 25 Feb 2025, 3:28 p.m.
Price Sensitive Yes
 Euroz Hartleys Group Ltd reports strong half-year results
Key Points
  • Net profit after tax up 501.42% to $6.255 million
  • Brokerage income up 8.3% to $16.157 million
  • Wealth management fees up 15.7% to $10.943 million
  • Corporate finance revenues up 79.6% to $23.640 million
Full Summary

Euroz Hartleys Group Limited has reported a net profit after tax (attributable to members) of $6,255,000 for the 6 months to 31 December 2024, up 501.42% from $1,040,000 in the previous corresponding period. Euroz Hartleys is a leading Western Australia stockbroking, research, wealth management, institutional and corporate finance business, and the company is pleased to report an improved six months trading and overall solid profitability for the first half of the financial year. This result demonstrates the strong operational leverage of the company's underlying business during a half year in which overall market volumes and Equity Capital Market (ECM) transactions are still below longer-term averages. Brokerage income for the half-year was up 8.3% to $16,157,000, wealth management fees were up 15.7% to $10,943,000, and corporate finance revenues were up 79.6% to $23,640,000. ECM raisings were up 94.5% to $964,759,000. The company's combined Funds Under Management as at 31 December 2024 was $4,188,261,000, increasing from $3,892,068,000 as at 30 June 2024, reflecting the company's ongoing focus to build recurring revenue streams.

Guidance

The company reminds investors that its second half-year performance and final dividend will be dependent on market sentiment, commodity prices and ECM activity.