• Revenues up 22.8% to $64.9 million
• Underlying NPATA up 12.0% to $4.9 million
• Acquired 4 new accounting and networking businesses

Kelly Partners Group Holdings Limited has reported a strong financial performance for the half-year ended 31 December 2024. Revenues from ordinary activities increased by 22.8% to $64.9 million, while profit for the half-year attributable to the owners of the company increased by 27.6% to $2.5 million. The company's underlying Net Profit After Tax before Amortisation (Underlying NPATA) attributable to owners also increased by 12.0% to $4.9 million. During the period, the group acquired four new accounting and accounting networking businesses in the United States and United Kingdom, which contributed $4.8 million in revenues and $41,000 in net profit before tax and amortisation. The company's Partner-Owner-Driver model, which sees Kelly Partners and the operating partners respectively own a 51%/49% interest in the operating businesses, continues to drive long-term strategic alignment and growth. The group's key financial metrics, including Return on Equity, Return on Invested Capital, and Earnings per Share, remain strong and demonstrate the company's ability to deliver superior returns to shareholders.

The company expects to maintain its strong financial performance, with the acquired businesses contributing to continued revenue and earnings growth. The group is targeting an EBITDA margin of 35% for its operating businesses and 5% per annum growth in earnings from both its accounting and complementary businesses.

Kelly Partners Group remains focused on executing its growth strategy, which includes improving the earning power of its operating businesses, further increasing earnings through acquisitions, growing its accounting and complementary businesses, and repurchasing shares when available at a meaningful discount to intrinsic value. The company is well-positioned to continue delivering strong returns to shareholders.