• Revenue up 21% to $49.4M
• Profit after tax up 62% to $4.6M
• Dividends increased 5% to 1.66 cps total
• Acquired $17M in revenue over 3 years

Over the past year, Prime Financial Group Limited (Prime) has made significant strides in positioning itself as a leader in financial mid-markets. The company achieved approximately $50 million in revenue, with a run rate revenue exceeding $55 million from continuing operations. This marks a significant milestone, more than doubling the run rate revenue and surpassing the three-year goal set in FY22. Prime maintained a steady headcount in its centralised/shared services, ensuring robust support for business growth. The company's largest M&A transaction in the past three years, valued at approximately $10 million in revenue (Lincoln Indicators), underscores its strategic focus on expansion. In total, Prime acquired $17 million in revenue over the last three years (4 transactions), dedicating additional resources to M&A and integration activities to support this growth trajectory. The company's asset management capability saw a substantial increase in funds under management (FUM) by approximately $600 million, via Lincoln, which also contributed to an expanded high-net-worth (HNW) client base, by a factor of 10X, adding 3,300 new clients. Prime's Wealth offering significantly expanded to include investment research, paid subscriptions, and additional equity managed funds/solutions. The company also continued to deepen its support for business owners across financing, funding, growth, succession, and accounting needs. A comprehensive technology review was undertaken, leading to initiatives focused on data consolidation, CRM enhancements, and efficiency improvements, including the piloting of AI tools.

Prime is targeting $100M in revenue and a 30% Underlying EBITDA margin by FY28-30.

Prime remains committed to its client-centric ethos, integrating advanced technology and digital tools while preserving the personal touch and trusted relationships that set it apart. The company is well-positioned to support the impending transfer of wealth and ownership, with an estimated 400,000 businesses expected to undergo succession in the next decade.