Key points
- Revenue increased by 22% to $60.5M
- Profit declined by 15% to $3.9M
- Dividend increased by 4% to 1.72 cps
- Company tax rate increased to 30%
- Net tangible asset per security declined to -2.61 cents
Full summary
Prime Financial Group Ltd (PFG) has released its FY26 Annual Report, highlighting a 22% revenue increase to $60.5M, up from $49.5M in FY25. Despite this, profit declined by 15% to $3.9M due to a change in the company tax rate to 30% from 25%. Earnings Per Share (EPS) also dropped from 1.87 cents per share in FY25 to 1.49 cents per share in FY26, though this would have been 1.96 cents per share without the tax change. The company declared a fully franked final dividend of 0.92 cents per ordinary share, bringing the total dividends declared for the year to 1.72 cents per share, up from 1.66 cents per share in FY25. The net tangible asset per security declined to -2.61 cents from -2.81 cents in FY25.
Guidance
Revenue increase of 22% to $60.5M, profit decline of 15% to $3.9M, dividend increase of 4% to 1.72 cps
Outlook
PFG aims to grow to $100M in revenue by FY28-FY30, focusing on ideal clients, scalability, and technology enablement.