• Continuing operations net profit after tax increased 137% to $3.6m
• Operating revenue down 3.5% to $60.6m as non-core businesses divested
• Continuing operating profit down 14.6% to $2.7m

Sequoia Financial Group Limited has reported its results for the first half of the 2025 financial year. The company's continuing operations net profit after tax increased 137% to $3.6m, while operating revenue declined 3.5% to $60.6m as the group divested non-core businesses. Operating profit decreased 14.6% to $2.7m. The company's Licensee and Adviser Services Division saw revenue from Financial Planning increase, but this was offset by weaker trading across Corporate Finance and the closure or sale of other businesses. The Legal and Administration Services Division continued to experience strong growth. Sequoia implemented several technological improvements across its media, licensee, specialist investments and documents businesses, which improved operational efficiency and allowed the company to streamline processes and reduce staffing levels. The restructuring of Sequoia into two reporting Divisions has also created operating efficiencies, with the company expecting to save approximately $1.5m per annum in employment costs from reduced headcount. The Board declared an interim fully franked dividend of 2.0 cents per share, reflecting confidence in the company's financial position. Sequoia remains focused on leveraging growth opportunities in its key Licensee and Adviser Services and Legal and Administration Services Divisions, with plans to pursue high-return investments, acquisitions, and partnerships to accelerate expansion.

Sequoia Financial Group expects to deliver a stronger operating profit in the second half of the 2025 financial year, based on the company's current financial position and expectations.

Sequoia Financial Group sees strong growth opportunities ahead, driven by the increasing need for financial advice as more Australians approach retirement, and the company's focus on streamlining operations and investing in technology to improve efficiency and expand market share in its core Licensee and Adviser Services and Legal and Administration Services Divisions.