• Revenue up 19% to $12.7 million, a new half-year record
• Profit after tax down 50% to $282k due to one-off legal costs
• Successful integration of two Armstrong Legal acquisitions
• Continued investment in technology and talent retention

AF Legal Group Ltd reported a strong financial performance for the half-year ended 31 December 2024 (H1 FY25), with revenue reaching a new record of $12.7 million, up 19% compared to the prior corresponding period (pcp). However, profit after tax attributable to owners fell 50% to $282k, impacted by one-off business acquisition costs and legal defence fees totaling $447k. Despite these one-off charges, the company continued its steady profitable growth, with normalised net profit before tax attributable to owners of $561k, double the H2 FY24 result. The company successfully integrated the two Armstrong Legal acquisitions completed in Q2 and Q4 FY24, which contributed to the revenue growth. The business also saw positive trends in new client growth, with digital lead flow increasing significantly across the group. The company continued to invest in technology, with the selection of preferred providers for its 'Project Titan' to replace its practice and document management systems. This is expected to drive further efficiency and growth opportunities. The company remains optimistic about an increasing profitable trend for H2 FY25 and beyond, supported by the successful integration of the Armstrong Legal acquisitions, continued focus on talent retention, and the upcoming technology transformation.

The company expects continued profitable growth across H2 FY25, building on the strong H1 FY25 performance.

The company remains optimistic about an increasing profitable trend for H2 FY25 and onwards, supported by the successful integration of the Armstrong Legal acquisitions, continued focus on talent retention, and the upcoming technology transformation.