• Expands Prime's wealth offering and distribution reach, adding 3,300 high-net-worth investors
• Consistent with Prime's strategy of growth through complementary, EPS-accretive acquisitions
• Acquisition expected to contribute $10M-$11M in annualized revenue with 15-20% EBITDA margin

Prime Financial Group Ltd (ASX:PFG) has announced the acquisition of Lincoln Indicators, a leading investment research, portfolio, and funds management business. The acquisition significantly expands Prime's wealth offering and distribution reach, adding 3,300 high-net-worth investors, representing a 10x increase on current levels. The additional tools and services, including research and information for self-directed investors through to managed investment solutions/funds, complement Prime's existing full Investment, Wealth Management and SMSF services. The acquisition is consistent with Prime's strategy of growth through complementary and EPS-accretive acquisitions that increase customer diversification and recurring revenue with significant cross-sell opportunities. With annualized revenue of $10M-$11M and an expected EBITDA margin of 15-20% (pre synergies), the acquisition represents a step up in size compared to Prime's previous acquisitions. The cash consideration for the acquisition will be funded from the company's operating cashflow, debt facilities, and cash reserves. The transaction is expected to contribute to Prime's revenue and earnings growth in FY25, with the majority of the revenue being recurring.

The acquisition is expected to contribute $10M-$11M in annualized revenue with an EBITDA margin of 15-20% (pre synergies) in the first year.

Prime is focused on driving organic growth across its core services and scaling up recent service offerings, while continuing to explore EPS-accretive acquisitions that build scale and services. The company expects to generate 15-20%+ revenue and underlying EBITDA growth each year, along with dividend growth of 3-5%.