WTL.ASX: WTL AUDIT REVIEWED HALF-YEAR RESULTS

WTL AUDIT REVIEWED HALF-YEAR RESULTS

Stock	WT Financial Group Ltd (WTL.ASX)
Release Time	26 Feb 2025, 9:07 a.m.
Price Sensitive	Yes

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WT Financial Group Reports 33.7% Increase in Underlying Revenue and 43.3% Rise in Underlying NPBT

Key Points

Underlying revenue & other income up 33.7% to $106.40M
Underlying NPBT up 43.3% to $2.59M
Declared 0.2 cents per share dividend

Full Summary

WT Financial Group Limited ('WTL' or 'the Company') has reported its audit reviewed Appendix 4D and Interim Report for the half year to 31 December 2024 (H1 FY25). The Company has reported a 33.7% increase in underlying revenue & other income over the prior corresponding period (PCP) to $106.40M (PCP $79.60M) and a 43.3% increase in underlying net profit before tax to $2.59M (PCP $1.81M). Underlying Earnings before interest & tax (EBIT) was up 27.9% to $2.99M (PCP $2.34M) after Total Operating Expenses of $6.99M (PCP $5.45M) and Depreciation & Amortisation of $294k (PCP $320k). Statutory NPBT was $2.59M, an increase of 14.7% on the PCP Statutory NPBT of $2.26M. The Company has declared a 0.2 cents per share dividend, bringing dividends declared in the past 12 months to 0.70 cents per share. The Company had a total of 342.19M shares, 1.5M options, and 1M performance rights on issue on 31 December 2024.