• Underlying revenue up 33.5% to $106.30M
• Underlying NPBT up 35.8% to $2.45M
• Interim dividend of 0.20 cents per share declared

WT Financial Group Limited ('WTL' or 'the Company') has provided indicative results for the half year to 31 December 2024 (H1 FY25), reporting a 33.5% increase in revenue & other income for the underlying business over the prior corresponding period (PCP) to $106.30M (PCP $79.60M) and a 35.8% increase in underlying net profit before tax to $2.45M (PCP $1.81M). The Company's earnings before interest & tax (EBIT) for the underlying business is expected to be up 19.6% to $2.79M (PCP $2.33M) after Total Operating Expenses of $6.95M (PCP $5.38M) and Depreciation & Amortisation of $268k (PCP $320k). Cash and cash equivalents were $7.06M on 31 December 2024 ($5.3M on 31 December 2023) net of cash payments of $1.02M in July 2024 related to a prior acquisition and cash dividend payments of $1.46M in October 2024. The Board anticipates declaring a fully franked interim dividend of 0.20 cents per share, bringing dividends declared in the past 12 months to 0.70 cents. There will be a nil net impact from one-off income/expenses, resulting in an expected Statutory NPBT of $2.45M, in line with the underlying NPBT.

The Company is expecting to report a 33.5% increase in revenue & other income for the underlying business to $106.30M and a 35.8% increase in underlying net profit before tax to $2.45M for the half year to 31 December 2024.

The outlook for the advice profession and the Company is very positive as growing demand for quality financial and personal risk insurance advice continues to see revenue and profitability increase. The Company is also experiencing increasing demand from practices for advice and support for M&A initiatives to enable them to achieve scale and drive operational efficiencies, margins, and asset values.