Indicative Results Presentation Deck
Stock | WT Financial Group Ltd (WTL.ASX) |
---|---|
Release Time | 6 Feb 2025, 11:04 a.m. |
Price Sensitive | Yes |
WTL Reports Strong H1 FY2025 Results
- Underlying revenue up 33.5% to $106.3M
- Underlying NPBT up 35.8% to $2.45M
- Interim dividend of 0.20 cents per share declared
WT Financial Group Limited (WTL) has provided an update on its indicative results for the half-year to 31 December 2024 (H1 FY2025). The company is expecting to report a 33.5% increase in underlying revenue and other income to $106.3 million, and a 35.8% increase in underlying net profit before tax to $2.45 million, compared to the prior corresponding period. The strong performance was driven by growth across the company's B2B and B2C divisions. WTL's centralised hub model has enabled operational efficiencies, while the company's multi-brand strategy has allowed it to serve a broad adviser and client base. The company has also continued to execute on its acquisition and integration strategy, further strengthening its position as one of the largest financial adviser networks in Australia. Looking ahead, WTL is well-positioned to capitalise on industry tailwinds, including the supply-demand imbalance for financial advice and the continued growth in Australia's superannuation assets. The Board has declared an interim dividend of 0.20 cents per share, bringing total dividends declared in the past 12 months to 0.70 cents per share.
WTL is expecting to report a 33.5% increase in underlying revenue and other income to $106.3 million, and a 35.8% increase in underlying net profit before tax to $2.45 million for the half-year to 31 December 2024.
WTL is well-positioned to capture the significant upside in the Australian financial advice and wealth management sector, driven by rising demand for advice and continued industry consolidation. The company's centralised hub model, multi-brand strategy, and proven track record in M&A integration provide a strong foundation for future growth.