Key points
- FY26 revenue grew 29% to $35.5m
- Underlying profit rose 32% to $1.82m
- FY27 started with average weekly revenue above $730k
- One-off costs of $0.7m impacted H2 profit
- Investments in systems, people, and leadership made in FY26
Full summary
Af Legal Group Ltd's FY26 results showed strong growth with revenue up 29% to $35.5m and underlying profit rising 32% to $1.82m. The second half of the year saw flat revenue as growth normalized, and underlying profit was impacted by $0.7m of one-off costs. FY27 has started well, with average weekly revenue exceeding $730k. The company invested heavily in systems, people, and leadership in FY26 to support future growth. Net assets grew to $10.8m, and operating cash flow was $1.5m. The outlook for FY27 is positive, with expected continued revenue growth and improved operating leverage.
Guidance
FY27 revenue growth expected, operating leverage to improve
Outlook
FY27 is anticipated to see further revenue growth. Operating leverage is expected to improve with a largely fixed cost base, leading to bottom-line growth exceeding top-line growth.