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Showing 71 - 80 of 230 results for "EBITDA"

Advice firms trading at premium: Broker

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
... and regional areas that earn $3 million or more in revenue and are not co-located with the buyer can fetch between 5x-7x EBITDA. For risk and super-only practices, buyers are willing to pay between 1.75x-2.5x recurring revenue. Practices that earn client ...

Capital markets spearhead next recession: CIO

KARREN VERGARA  |  FRIDAY, 3 MAR 2023
... said. This equates to being overleveraged by 5-7x net debt over earnings before interest, depreciation and amortisation (EBITDA), meaning the sector is up to its head with the "junkiest of junk" investments. Infrastructure and real estate also vulnerable ...

Praemium sees record earnings jump

CHLOE WALKER  |  MONDAY, 27 FEB 2023
Praemium recorded a 52% uplift in EBITDA, with chief executive Anthony Wamsteker saying it's reflective of strategic decisions paying off. Praemium reported a statutory net profit after tax of $9.1 million and a record EBITDA of $11.4 million - ...

Centrepoint Alliance scoping for scale

JAMIE WILLIAMSON  |  FRIDAY, 24 FEB 2023
... the back of organic licenced adviser growth and the ClearView Advice acquisition. The group said it achieved a normalised EBITDA of $3.8 million, up 52% on its FY22 results. It said much of the result was due to increased scale of the business - something ...

HUB24 grows FUA to $73bn

ANDREW MCKEAN  |  TUESDAY, 21 FEB 2023
... decreased to $17.2 billion at 31 December 2022. Underlying net profit after tax (NPAT) grew 87% to $26.6 million and underlying EBITDA was $49.9 million, up 68% on 1H22. Statutory NPAT was $15.5 million, an 85% increase, including $2.8 million (after ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
... half, saying several "abnormal items" will negatively impact its bottom line. In November, the group said it was expecting EBITDA in the first half of between $4 million to $5 million. Today, the group said its EBITDA for 1H23 is now expected to be about ...

Netwealth FUA sits at $58bn

JAMIE WILLIAMSON  |  THURSDAY, 13 OCT 2022
... billion for FY22, an increase of 32.4%. It also recorded underlying operating net cashflows of $90.8 million and underlying EBITDA of $88.2 million.

Acquisitions underpin WT Financial Group results

CASSANDRA BALDINI  |  TUESDAY, 27 SEP 2022
WT Financial Group (WTL) EBITDA jumped to $3.92 million for FY22 from just $36,000 in FY21, driven by its recent acquisitions. WTL managing director Keith Cullen attributed the positive results to its B2B restructure and the acquisition of Synchron ...

Link acquisition deal terminated

ANDREW MCKEAN  |  MONDAY, 26 SEP 2022
... administrator also reaffirmed its FY23 guidance with revenue projected to increase by a low single digital percentage, operating EBITDA projected to be approximately 8-10% higher than FY22 and operating EBIT projected to be 10-12% higher than FY22. At ...

Link Group acquires HS Pensions

ANDREW MCKEAN  |  TUESDAY, 30 AUG 2022
... Looking ahead, Bhatia said after a year of consolidation and resetting, the group was well positioned to deliver operating EBITDA growth over the medium term, underpinned by its scale, expertise and proprietary technology platforms. "Our core businesses ...