Key points
- Revenue and other income up 32.8% to $106.4 million
- Underlying EBIT up 27.9% to $3.0 million
- Underlying NPBT up 43.3% to $2.6 million
Full summary
WT Financial Group Limited (ASX: WTL) has reported its financial results for the half-year ended 31 December 2024. The company's statutory revenue and other income increased by 32.8% to $106.4 million, while underlying EBIT grew by 27.9% to $3.0 million and underlying NPBT was up 43.3% to $2.6 million. The company's B2B services division, which includes its wealth management, retirement planning and personal risk insurance advice services, continues to be the key driver of growth, with the integration of previous acquisitions contributing to the strong performance. While statutory NPAT declined by 3.8% to $2.11 million due to a higher tax expense, the result was in line with the company's expectations and market guidance. The company has also declared a fully franked dividend of 0.20 cents per share for the period. Looking ahead, the company is well positioned to achieve organic growth through aiding the growth of existing advice practices, product and service innovation, and the recruitment of more leading advice practices.
Guidance
The company expects to deliver continued growth in revenue, EBIT and NPBT for the 2025 financial year, with the B2B services division remaining the key driver.
Outlook
The company is well positioned to achieve organic growth through aiding the growth of existing advice practices, product and service innovation, and the recruitment of more leading advice practices.