Count (CUP) H1 2025 earnings summary

Executive summary

• Achieved strong half-year FY2025 results with statutory revenue up 54% to $73.9m and statutory profit attributable to shareholders rising 541% to $4.0m, driven by robust demand, organic and inorganic growth, and successful integration of Diverger assets.

• Delivered organic and M&A growth across all business segments, with more than 155,000 clients served and a strong pipeline of future opportunities.

• Completed integration of Diverger, closed the integration office, and migrated future opportunities into business-as-usual functions, exceeding cost synergy estimates.

• Completed six acquisitions, including bolt-on deals and divested underperforming assets to uplift returns.

• Interim dividend increased 17% to 1.75 cents per share, fully franked, with a Dividend Reinvestment Plan introduced.

Financial highlights

• Revenue increased by 54% year-over-year to $73.9m; underlying EBITA grew to $13.9m, up 141%; statutory EBITA reached $12.5m, up 168%.

• Underlying NPAT attributable rose to $5.0m, a 541% increase year-over-year.

• Underlying EBITA margin improved from 13% to 19% year-over-year.

• Operating cash flow before interest and tax was $11.8m (+117%); net operating cash flow was $8.8m (+162%).

• Funds Under Advice reached $36.2b (+6%); Funds Under Management at $3.5b (+12%).

Outlook and guidance

• Focus on driving organic revenue growth, leveraging unified sales and marketing, and integrating technology platforms.

• On track to deliver more than $4m in annualized cost synergies for the full year.

• Strategic plan targets leadership in integrated accounting and wealth services, with continued disciplined and selective acquisition strategy.

• Positioned to benefit from industry megatrends, including increased demand for wealth advice and succession planning needs.

• Increased debt facility by $10m to support ongoing inorganic growth strategy.