Count (CUP) H2 2024 earnings summary

Executive summary

• Achieved strong operational performance in FY2024, driven by organic growth, acquisitions, and successful integration of Diverger.

• Funds under advice grew 104% to $34.2B and funds under management reached $3.2B.

• Completed 15 acquisitions, expanding scale and service offerings across all segments.

• Final dividend maintained at 2.25 cents per share, fully franked.

Financial highlights

• Statutory revenue increased 22% year-over-year to $111.8M.

• Underlying EBITA rose 61% to $16.6M, with margin improvement to 15% from 11% in FY2023.

• Underlying NPAT attributable to shareholders up 68% to $5.8M.

• Statutory NPAT attributable was $1.1M, reflecting transaction and integration costs.

• Underlying NPATA attributable to shareholders increased 68% to $8.0M.

Outlook and guidance

• Focus on full integration of Diverger and delivery of cost and revenue synergies in FY2025.

• Plans to drive organic revenue growth, especially in financial planning and wealth segments.

• Continued expansion in services through cross-selling and CRM consolidation.