Latest Financial Services Industry News

Centrepoint Alliance has agreed to acquire client books from Cairns Wealth and Pinnacle Wealth, expanding its salaried advice business and Queensland presence. The $3 million deal is expected to add $0.6 million in EBIT and be earnings accretive in FY27, supported by a new $10 million NAB acquisition facility.

Pepper Money Limited reported a record-breaking 2025 financial year, driven by strong growth in originations and assets under management, alongside enhanced ESG reporting and a significant acquisition proposal.

Kelly Partners Group Holdings has announced an on-market buy-back of up to 300,000 ordinary shares, aiming to optimise capital structure without requiring shareholder approval.

Qualitas Real Estate Income Fund (QRI) has declared a distribution for August 2025, delivering an annualised yield of 6.32% based on its net tangible assets. The fund continues to focus on mortgage-backed real estate loans across Australia, aiming to provide steady income and capital preservation.

The Australian Wealth Advisors Group Ltd (AWAG) reported a 13% revenue increase and a $1.2 million profit before tax in FY2025, driven by strategic Equity Partnership Scheme investments and a strong funds under management base.

WAM Microcap Limited reported a robust 27% increase in net profit for FY2025, driven by strong portfolio returns and sustained dividend payments. The company’s investment strategy continues to outperform the market, underpinning an optimistic outlook for micro-cap equities.

Credit Corp Group Limited has announced a fully franked ordinary dividend of AUD 0.36 per share for the six months ending June 2025, signaling steady returns for investors.

Tyro Payments has announced the resignation of CEO Jon Davey, who will remain for up to six months to ensure a smooth leadership transition. Davey’s tenure saw significant transformation and strategic groundwork for future expansion.