• Kelly Partners Group Holdings completes partnership with accounting firm in Narrandera, NSW
• New Kelly Partners entity (Kelly Partners Narrandera) formed, with KPG owning 50.10% and existing partner owning 49.9%
• Demonstrates Kelly Partners' ability to manage transitions and introduce new partners

Kelly Partners Group Holdings Limited (ASX:KPG) has announced the completion of a partnership with an accounting firm that operates in Narrandera, NSW. A new Kelly Partners entity (Kelly Partners Narrandera) has been formed to acquire 100% of the business, of which Kelly Partners Group Holdings Limited owns 50.10% and an existing Kelly Partners' operating partner owns 49.9%. The current partner of the business will continue as a consultant to the business and has committed to a minimum 3-year period. This partnership is not material to KPG, but it confirms the attractiveness of Kelly Partners' ability to assist in succession and its Partner-Owner-Driver® model to owners of accounting businesses. Founder and CEO of Kelly Partners, Brett Kelly, stated that the company is 'humbled to be chosen by this well-established partnership to assist with their succession' and that this 'demonstrates our ability to manage the transition and the introduction of a new partner confirming the attractiveness of the Kelly+Partners offering and our Partnership-Owner-Driver® model.' Kelly Partners has completed 6 partnerships in the current financial year, with a total revenue to the Group of $18.7m to $22.2m, representing 13.9% to 16.5% of the Group's FY25 revenue of $134.6m. The current annual run rate revenue of the Group, including the above acquisitions, is estimated at $163m.

The current annual run rate revenue of the Kelly Partners Group, including the Narrandera acquisition, is estimated at $163m.