Euroz Hartleys Group (EZL) H1 2025 earnings summary

Executive summary

• Net profit after tax for the half-year ended 31 December 2024 was $6.26 million, up from $1.04 million in the prior corresponding period.

• Improved trading and solid profitability achieved despite market volumes and ECM transactions remaining below long-term averages.

• Diverse revenue streams and focus on recurring revenues highlighted as key strengths.

Financial highlights

• Revenue increased to $52.92 million from $39.74 million year-over-year.

• Basic EPS rose to 3.97 cents from 0.66 cents; diluted EPS to 3.81 cents from 0.63 cents.

• Cash and financial assets at fair value totaled $92.93 million as of 31 December 2024, with zero debt.

• Fully franked final dividend of 3 cents per share paid in August 2024; interim dividend of 2 cents per share approved and paid in February 2025.

Outlook and guidance

• Management expects continued organic growth in Funds Under Management (FUM) in the coming half-year.

• Ongoing focus on developing new strategies to drive FUM and consolidating wealth products.