Prime Financial Group reported a 22% increase in total revenue to $60.5 million for the fiscal year ended June 30, 2026, driven by a 37% surge in wealth segment revenue to $35.6 million. Recurring income accounted for 85% of total revenue, up from 70% in the prior year, reflecting the company’s shift toward stable revenue streams.
Underlying earnings before interest, tax, depreciation and amortization for members rose 18% to $13.9 million, though reported net profit after tax fell 15% to $3.9 million due to a higher corporate tax rate, which increased from 25% to 30% in FY26. Adjusted for the tax change, underlying net profit would have grown 11% to $5.1 million. Earnings per share declined 20% to 1.49 cents on a reported basis, while adjusted EPS rose 5% to 1.96 cents.
Operating cash flow increased 47% to $4.3 million, and revenue per full-time employee grew 25% to $276,000. Total assets expanded to $110.7 million, while net assets rose to $61.2 million. Group net debt increased to $20.6 million, lifting the debt-to-EBITDA ratio to 1.5 times from 1.3 times in FY25.
The wealth segment accounted for $35.6 million of revenue, up 37%, while the business segment contributed $23.7 million, a 2% increase. Revenue from contracts with customers grew 20% to $59.3 million, and other revenue surged 372% to $1.2 million. Capital advisory revenue, however, declined 61%.
Prime Financial declared a final dividend of 0.92 cents per share, fully franked at the 30% tax rate, marking a 3% increase over the prior year’s final dividend. The full-year dividend totaled 1.72 cents per share, up 4% from FY22. The record date for the final dividend is set for September 3, 2026, with payment scheduled for September 28, 2026.
The company’s share price rose 1.16% to $0.218 following the results presentation, which was delivered on August 26, 2026. Prime Financial operates with 197 team members and manages $1.9 billion in funds under management.
