Euroz Hartleys Group (EZL) H2 2025 earnings summary

Executive summary

• Net profit attributable to members rose to $10.26 million for FY25, up from $5.47 million in FY24, with basic EPS at 6.54 cents versus 3.5 cents prior year.

• Revenue increased 10.6% year-over-year to $98.68 million, driven by higher brokerage, underwriting, and wealth management fees.

• Funds under management (FUM) grew 14.3% to $4.45 billion, reflecting strong organic growth and new strategies in wealth management.

• Final fully franked dividend of 3.5 cps declared, bringing total FY25 dividend to 5.5 cps, up from 4.75 cps in FY24.

Financial highlights

• Brokerage revenue up 7.2% to $31.53 million; underwriting and placement fees up 13.9% to $38.55 million.

• Wealth management revenue increased 12.8% to $22.07 million; FUM at $4.45 billion, up from $3.89 billion.

• ECM raisings totaled $1.64 billion (up from $1.41 billion); corporate advisory revenue down 5.9% to $2.14 million.

• Net assets at 30 June 2025 were $114.19 million; working capital at $68.21 million.

• Cash and financial assets at fair value totaled $91.7 million; no debt.

Outlook and guidance

• Optimism for continued FUM growth and increased recurring revenues, leveraging a positive WA economy and commodities outlook.

• Focus remains on adviser team investment, succession, and culture to drive resilience and growth.

• Directors confident in financial position to support expansion amid market volatility and below-average activity.