Can Count Limited Maintain Momentum Amid Rapid Expansion and Integration?

Strong FY25 Performance Anchored by Strategic Acquisitions

Count Limited has delivered a standout financial year in FY2025, showcasing the strength of its integrated accounting and wealth management business model. The company reported a 67% increase in underlying EBITA to $27.7 million and an 89% rise in underlying net profit after tax attributable to shareholders, reaching $10.9 million. These gains were underpinned by both organic growth and a series of strategic acquisitions, with 11 transactions completed during the year deploying approximately $11 million in capital.

Central to this success was the integration of Diverger, which not only expanded Count’s service capabilities but also delivered cost synergies of $5.1 million; significantly above the initial $3 million target. This efficiency gain contributed to improved margins, with the Equity Partnership segment’s average EBITA margin rising from 21% to 23%, while the Services segment maintained a robust 30% margin.

Robust Organic Growth and Industry Recognition

Count’s organic growth remains strong, with funds under management (FUM) within its Count Investment Solutions division reaching $5.1 billion as of 1 October 2025. This growth is supported by demographic tailwinds such as an ageing population and increasing wealth complexity, which drive demand for integrated financial advice and wealth services.

The company’s leadership in the sector was further validated by multiple industry awards during the year, including the CoreData 2025 Advice Network of the Year and recognition as a finalist for the 2025 IMAP Award for innovation. These accolades underscore Count’s commitment to operational excellence and a customer-centric culture.

Positive Momentum into FY26 and Strategic Outlook

Early indicators for FY2026 are encouraging, with unaudited Q1 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. The company has already completed six acquisitions in FY26, maintaining a healthy pipeline of opportunities to fuel further expansion.

Count’s net debt to underlying EBITA ratio stood at a conservative 0.8x as of 30 June 2025, providing ample capacity to support ongoing M&A activity. The company’s integrated business model; combining accounting, wealth management, and corporate services; remains central to its strategy, enabling deeper client relationships and enhanced returns.

Looking ahead, Count is focused on growing its Equity Partnerships segment, expanding wealth revenues, and enhancing its service platform, including financial licensing, education, IT managed services, and outsourcing. These initiatives position the company to capitalize on the intergenerational wealth transfer megatrend and evolving client needs.

Celebrating 45 Years with a Clear Vision

As Count Limited marks 45 years of Australian ownership and operation, CEO Hugh Humphrey expressed confidence in the company’s disciplined execution and strategic clarity. With strong industry tailwinds and a robust growth pipeline, Count is well positioned to continue delivering value to shareholders and clients alike.