Key points
- Revenue of $60.5M, up 22% YoY
- Recurring Revenue from existing customers of 85%, up 21%
- Underlying EBITDA (Members) of $13.9M, up 18% YoY
Full summary
Prime Financial Group Ltd announced its FY26 results, showcasing significant growth across various metrics. The company reported a revenue of $60.5 million, up 22% year-on-year, driven by growth in existing service lines and acquisitions. Recurring revenue from existing customers increased to 85%, up from 70% in FY25. Underlying EBITDA (Members) stood at $13.9 million, a 18% increase from the prior corresponding period. Despite a tax rate increase to 30%, which impacted NPATA and EPS, the company maintained a strong financial performance with net operating cash flow of $4.3 million, up 47%. The company also declared a final dividend of 0.92 cps, up 3%, taking the total FY26 fully franked dividend to 1.72cps.
Guidance
Underlying EBITDA (Members) of $13.9M, up 18% YoY
Outlook
Prime's growth agenda will be driven by continued simplification, disciplined M&A, deeper integration, scalable products, technology enablement, improved client service and account management, and a keen focus on earnings and cashflow growth.