• Revenue $60.6m, down 3.5% on PCP
• NPAT $3.6m, +136.8% on PCP
• Operating cashflow +61.9% on PCP
• Interim dividend of 2.0 cents per share, fully franked

Sequoia Financial Group Limited (ASX: SEQ) has released its first half Financial Results for FY25 (1HFY25). While Operating Profit (normalized EBITDA) declined 14.6% to $2.7m, Net Profit After Tax from continuing operations was $3.6m, up 137% on the prior corresponding period. Revenue was $60.6m, down 3.5% on the previous corresponding period, due to changes made within the Licensee and Adviser Services Division, including the closure and divestment of some businesses. This was partially offset by continued growth in the Legal and Administration Services Division, which achieved operating profit growth of 70% over the prior corresponding period. The company has also undertaken a restructuring into two Divisions, which has simplified the business model and driven significant cost efficiencies, including a reduction in headcount of more than 10%. The Board has declared an interim fully franked dividend of 2.0 cents per share, reflecting the group's strong balance sheet, high franking credit balance, and confidence in delivering a stronger 2HFY25 operating profit. Looking ahead, the company expects the remainder of FY25 to be strong as it realises the full value of recent changes and continues to execute on its key strategic initiatives.

The company expects the remainder of FY25 to be strong as it realises the full value of recent changes and continues to execute on its key strategic initiatives.

Sequoia is well positioned to meet the rising demand for advice as more Australians focus on building and protecting their wealth for retirement. The scale and broad range of services available to accountants and financial advisers is anticipated to drive further growth, provide opportunities for industry consolidation, and deliver cost-effective advice to more Australians.