Prime Financial’s FY25: $49.4M Revenue, 17% EBITDA Growth, 58% FUM Jump
Prime Financial Group delivered a robust FY25 performance, with revenue climbing 21% and Funds Under Management soaring 58% following a key acquisition. The company sets sights on doubling revenue within five years.
- FY25 revenue reached $49.4 million, up 21%
- Underlying EBITDA increased 17% to $11.9 million
- Funds Under Management jumped 58% to $1.9 billion
- EPS rose 37% to 1.87 cents per share
- Plans to double revenue to $100 million in 3-5 years
Strong Financial Momentum
Prime Financial Group Limited has reported a solid set of results for the fiscal year 2025, underscoring its growing footprint in the financial services sector. Revenue climbed 21% year-on-year to $49.4 million, while underlying EBITDA rose 17% to $11.9 million. These gains reflect both organic growth and strategic acquisitions, positioning Prime as a formidable player in wealth and asset management.
Reported earnings per share surged 37% to 1.87 cents, signaling improved profitability and operational efficiency. Meanwhile, net profit after tax and amortisation (NPATA) jumped 42%, reinforcing the company’s strong bottom-line performance.
Acquisition Fuels Growth
A standout driver of Prime’s growth was the acquisition of Lincoln Indicators, which significantly expanded the company’s Funds Under Management (FUM) by approximately $600 million. This acquisition not only boosted FUM to $1.9 billion; a 58% increase; but also multiplied the high net worth client base tenfold, adding 3,300 new clients. The integration of Lincoln Indicators is progressing well, contributing positively to Prime’s overall financial health.
Strategic Investments and Future Outlook
Looking ahead, Prime’s leadership is focused on investing in people, data, technology, artificial intelligence, and platform scalability. These investments aim to enhance operational efficiencies and enable cross-delivery of products and services, supporting sustainable growth. The company also plans to continue pursuing earnings-per-share accretive acquisitions that align with its OneConnected business model.
Managing Director and Chairman Simon Madder emphasized the company’s ambition to double revenue to $100 million within three to five years, targeting an underlying EBITDA margin of 30%. This bold goal reflects confidence in the company’s strategic direction and the foundations laid over the past year.
Dividend Growth and Financial Stability
Prime declared a final dividend of 0.89 cents per share, up 5%, bringing the total dividend for FY25 to 1.66 cents per share, a 4% increase from the prior year. The company maintains a conservative debt-to-EBITDA ratio of 1.3 times, indicating a balanced approach to leverage as it scales.
With a strong balance sheet, expanding client base, and clear growth strategy, Prime Financial Group appears well-positioned to capitalize on opportunities in the mid-market financial advisory and asset management space.
Bottom Line?
Prime’s FY25 results set a confident stage for ambitious growth, but execution on technology and acquisitions will be key to hitting the $100M revenue target.
Questions in the middle?
- How will Prime’s investments in AI and technology translate into measurable efficiency gains?
- What are the risks and integration challenges associated with future acquisitions?
- Can Prime sustain its dividend growth while aggressively pursuing expansion?
