Centrepoint Alliance sees profit lift 25%

Centrepoint Alliance has reported positive FY26 results, reflecting growth across all sectors of the business.

Centrepoint Alliance lifted normalised EBITDA by 16% to $12.3 million in FY26, with the financial advice services provider also improving its operating margin as it continues to invest in technology and compliance.

The ASX-listed company reported a 5.2% increase in net revenue to $43 million for the year ended June 30, while normalised EBITDA margin rose 29%, up from 26% a year earlier.

Net profit after tax increased 25% to $6.4 million, while net profit before tax was $7.3 million, broadly in line with FY25 and 22% higher after excluding a $1.3 million contingent consideration release recognised in the prior year.

Recurring revenue accounted for 88% of net revenue, while Centrepoint ended the year with $14.4 million in cash.

Chief executive John Shutteworth said the result reflected continued profitable growth across the business.

"FY26 was another year of profitable growth for Centrepoint, with higher adviser fee revenue and continued growth in Salaried Advice supporting a 16% increase in normalised EBITDA," Shuttleworth said.

"Disciplined cost management and operating leverage lifted our normalised EBITDA margin to 29%, while allowing us to continue investing in technology, compliance capability and future growth."

The company's authorised representative network grew to 576 advisers, representing net growth of five during the year.

Salaried Advice revenue increased 22% to $10.3 million supported by higher fees, improved adviser productivity and the contribution from the Brighter Super advice review book.

Centrepoint said management expenses increased just 1.3% during the year despite continued investment in technology, artificial intelligence and compliance capabilities.

The company has provided FY27 normalised EBITDA guidance of between $14.5 million and $15.5 million.

The board also declared a fully franked final dividend of 1.75 cents per share, taking fully franked ordinary dividends for FY26 to three cents per share.