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Showing 61 - 70 of 232 results for "EBITDA"

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... after tax (NPAT) plummet from a $52.7 million profit to a $137.5 million loss for FY23, alongside a decrease in statutory EBITDA from $142.7 million to $89.6 million. Revenue for FY23 marginally rose to $625.7 million from $615.6 million in the prior ...

Prime to acquire boutique fund manager

KARREN VERGARA  |  MONDAY, 12 FEB 2024
... consideration of $1.5 million but a purchase price not exceeding $4.2 million payable. This is subject to Altor achieving an annual EBITDA of $700,000 over a three-year period. Altor earns an annualised revenue of about $1.8 million. Altor operates three ...

GSFM to distribute Access Capital Partners offering to HNWs

CHLOE WALKER  |  FRIDAY, 8 DEC 2023
... segregated accounts. Key drivers of value are pricing discipline, controlled levels of leverage, combined with turnover and EBITDA growth, achieved organically and/or using a buy-and build model. "This strategy reflects ACP's investment philosophy that ...

Praemium plummets on weak financial outlook

ANDREW MCKEAN  |  THURSDAY, 23 NOV 2023
... operational transformation review that's expected to yield cost savings. Praemium expects a considerable uptick in underlying EBITDA from its strategic initiatives, with most benefits projected to be realised in the next financial year. However ...

Robo-adviser reaches US$50bn milestone

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... management, catering to 700,000 investors. The US robo-adviser boasted that as it continues to diversify offerings, its EBITDA margins sit above 40% and is on track to grow revenue by over 140% in 2023. It has expanded its digital advice offering into ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... Australian investors, testing the waters for its private credit strategies that directly lend to companies with an average EBITDA of US$190 million. Its clients include sovereign wealth funds, pension funds, foundations, endowments, and family offices. ...

Centrepoint names new chair, borrows $10m for M&A

CASSANDRA BALDINI  |  WEDNESDAY, 23 AUG 2023
... expansion and a $20.7 million contribution from the ClearView Advice acquisition. Centrepoint Alliance further reported EBITDA also jumped 6% to $7.6 million from the PCP, also driven by the ClearView Advice acquisition and organic licensee fee growth. ...

HUB24 profits surge 64%

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... increase in the number of advisers on its books. Reporting to the ASX today, the platform has also had an underlying group EBITDA of $102.4 million, up 45% on FY22, and underlying platform EBITDA of $85.1 million, up 37% on FY22. It also recorded a statutory ...

Iress sells MFA business, reports $140m loss

CASSANDRA BALDINI  |  MONDAY, 21 AUG 2023
... higher salaries due to inflation, and higher spend on contract staff as part of the transformation strategy. Additionally, EBITDA dropped by 55% to $29.4 million from $59.5 million in the prior corresponding period while revenues increased by 2% to $315 ...

Sequoia hires chief operating officer

JAMIE WILLIAMSON  |  TUESDAY, 8 AUG 2023
... results ahead of its official results later this month. It said revenues of about $130 million are expected, as well as EBITDA of $5.5 million and normalised of $9.9 million.