Count Limited’s Aggressive M&A Strategy Faces Market Uncertainties Ahead
Count Limited reported robust FY2025 financial results marked by significant revenue and profit growth, underpinned by strategic acquisitions and organic expansion. The positive momentum continues into FY2026 Q1 with further gains and a solid M&A pipeline.
- FY2025 underlying EBITA up 67% to $27.7 million
- Funds under advice grew 11% to $37.8 billion
- Completed six acquisitions in FY2026, deploying $3.7 million
- FY2026 Q1 revenue increased 12.5% to $42.3 million
- Net debt remains manageable at 0.8x underlying EBITA
Strong Financial Performance in FY2025
Count Limited has delivered a standout financial year for FY2025, showcasing impressive growth across key metrics. The company reported an underlying EBITA of $27.7 million, a 67% increase from the prior year, alongside an 89% rise in underlying net profit after tax. Revenue surged 28% to $143.6 million, reflecting both organic growth and the impact of strategic acquisitions.
Funds under advice reached $37.8 billion, up 11%, while funds under management climbed 24% to $3.9 billion. These figures underscore Count’s expanding footprint in wealth management and investment services, driven by its refreshed strategic plan focused on advice, education, expertise, and equity partnerships.
Momentum Carries into FY2026 Q1
The positive trajectory has continued into the first quarter of FY2026. Unaudited results show revenue rising 12.5% to $42.3 million and underlying EBITA increasing 12.7% to $7.6 million compared to the same period last year. This growth was fueled by strong organic inflows, market movements, and the integration of recent acquisitions, including the transition of $889 million in Count Portfolios.
Count’s Equity Partnership segment remains a key growth driver, benefiting from seasonality and an expanding client base. The company’s diversified service offerings, including investment solutions, education, and outsourcing, have contributed to a solid performance across its business units.
Active M&A Strategy and Capital Efficiency
Count has maintained an active merger and acquisition strategy, completing six acquisitions so far in FY2026 and deploying $3.7 million in capital. The company highlights a strong pipeline of opportunities and notes some market valuation distortions caused by private equity activity, positioning itself as a value-driven partner for firms seeking growth.
Net debt remains well controlled at 0.8 times underlying EBITA, providing ample headroom for further acquisitions. Count’s focus on capital efficiency and integration is expected to fuel continued expansion of its equity partnerships and funds under management.
Strategic Outlook and Growth Opportunities
Looking ahead, Count aims to deepen client relationships through its accounting and wealth management services, enhance platform adoption, and expand its education and outsourcing capabilities. The company’s strategic pillars and enablers emphasize innovation, operational excellence, and a client-centric approach to sustain momentum in a competitive market.
While market conditions remain uncertain, Count’s diversified business model and disciplined execution provide a solid foundation for growth in FY2026 and beyond.
Bottom Line?
Count Limited’s strong FY2025 results and proactive M&A approach set the stage for sustained growth, but market volatility remains a watchpoint.
Questions in the middle?
- How will Count integrate its recent acquisitions to maximize synergies?
- What impact could market volatility have on funds under management growth?
- How will Count’s strategic pillars translate into competitive advantage in FY2026?
