• Revenue in line with FY24 at $124.1m
• Operating profit up 13.7% to $9.9m
• Funds under advice grew to $18bil, up from $12.5bil in FY24
• Final dividend of 2 cents per share, taking full year dividends to 4 cents per share

Sequoia Financial Group Limited (ASX: SEQ) ('Sequoia' or 'Company'), an integrated financial services company, today released its results for the full year ended 30 June 2025 (FY25). The Group reported operating profit of $9.9m for the year, an increase of 13.7% on the prior year. FY25 revenue was in line with the previous year despite five divestments in 2024, however net profit before tax was $5.9m, compared to a loss after tax of $1.5m in FY24, reflecting the improved strength of core operations. The Group maintained a strong balance sheet at year's end with net cash of $4.4m and further ASX listed investments totaling over $16m. Sequoia is therefore pleased to deliver another solid return to shareholders and declared a final dividend of 2 cents per share, taking full year dividends to 4 cents per share, all fully franked. The company further simplified its operational structure by reducing from four Divisions to two, thus lowering shared costs and improving efficiency. This also provided Sequoia with a leaner operating model from which it can generate strong future business growth. Funds under advice grew significantly to approximately $18bil at the end of FY25, driven by the industry trend of advisers moving from a transactional revenue model to annual service fees based on funds under management. The Group's investments in associates Euree Asset Management (20.0%) and Morrisons Securities (20.0%) also continued to perform well.

Sequoia expects to continue benefiting from the ever growing $4 trillion Australian superannuation market, with anticipated continued funds under advice growth for the foreseeable future. The company also expects margins in its Legal and Administration Services operations to remain strong as it continues to improve its technological solutions and shared platforms provide scale across the group.

Sequoia enters the new financial year with positive momentum, having strengthened its products and services available to both self-employed and salaried advisers. The company's focus is to build high-margin, recurring revenue streams that align with its adviser and accountant clients.