• Centrepoint Alliance acquired Financial Advice Matters Group in 2023
• Earnout period of 12 months based on minimum EBIT contribution of $1.5m
• Unaudited EBIT for first 12 months is $1.1m, no further consideration to be paid

Centrepoint Alliance Limited (ASX: CAF) has announced that in accordance with the Share Purchase Agreement entered into to acquire 100% ownership of Brisbane based financial advice firm Financial Advice Matters Group Pty Ltd (FAM), the total consideration payable comprised of 20% that was subject to deferred incentives and performance hurdles over a 12-month period post completion. This 12-month period has now completed at the end of November, and the Company has calculated the EBIT contribution which has been reviewed by its external auditor BDO. The unaudited EBIT for the first 12 months is $1.1m, and the Company advises that no further consideration will be paid to FAM shareholders as the minimum EBIT target of $1.5m was not met. As a result, the Company will release provisions for this payment previously reported in its Financial Statements for the year ending 30 June 2024, with a resultant $1.3m one-off increase on profit before tax during 1H25.