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Showing 81 - 90 of 230 results for "EBITDA"

Michael Heine steps back at Netwealth

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 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. As of this month, it has $60 billion in funds under administration, the platform said. The board has ...

HUB24 delivers record profit, growth

ANDREW MCKEAN  |  TUESDAY, 23 AUG 2022
... underlying NPAT of $35.9 million, up 133% from the year prior. Releasing results today, it also had an underlying group EBITDA of $70.4 million (up 92% on FY21) and an underlying platform EBITDA of $62.3 million (up 64% on FY21). HUB24 reported record ...

Equity Trustees confirms AET acquisition

CASSANDRA BALDINI  |  MONDAY, 22 AUG 2022
... funds under management and boosting overall revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) by more than a third. It added the acquisition will be funded through a combination of debt and equity. This includes $125 ...

Netwealth reports record inflows

ANDREW MCKEAN  |  FRIDAY, 15 JUL 2022
... and trusts transitioning." Netwealth added it remains in a strong financial position with a highly profitable and strong EBITDA margin, very high levels of recurring revenue and low capital expenditure. As of 30 June 2022, member accounts for Netwealth ...

Link rejects Dye & Durham takeover bid

ANDREW MCKEAN  |  MONDAY, 11 JUL 2022
... also announced that its 2023 financial fear revenue is projected to increase by a low single-digit percentage. "Operating EBITDA is currently projected to be around 8-19% higher than FY2022 and operating EBIT is currently projected to be around 10-12% ...

Practice valuations to normalise: Report

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... practices with north of $3 million in revenue that is not co-located with the buyer are getting anywhere between 5x and 7x EBITDA. Meanwhile, a business with client fees between $2000 and $3000 per annum could sell for 1.5x to 2.2x recurring revenue ...

HUB24 continues growth trajectory

ELIZABETH MCARTHUR  |  TUESDAY, 22 FEB 2022
... period. The company reported NPAT of $14.2 million for the period, up 103% on the first half of 2021. Group underlying EBITDA also improved, up 80% to $29.7 million. During the period, HUB24's acquisitions of Xplore Wealth, Class and Ord Minnett PARS ...

Mainstream shareholders vote in favour of Apex

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... enterprise value for Mainstream of around $415 million, including transactions costs and net debt and is equivalent to 36x EBITDA guidance. It follows an intense bidding war set off by Apex making a superior offer to SS&C's original bid of $2 per ...

CountPlus takes stake in firm

ANNABELLE DICKSON  |  WEDNESDAY, 1 SEP 2021
... acquisition comes after CountPlus recorded a 59% drop in net profit to $7.1 million in its full-year results last week. Statutory EBITDA was down 28% to $2.08 million while revenue from operating activities was up 3% to $80.5 million. CountPlus subsidiary ...

Mainstream revenue up 18%

KANIKA SOOD  |  FRIDAY, 27 AUG 2021
... year. The firm said all revenue growth was organic and driven by demand in Australia, Asia and the United States. Operating EBITDA rose 27% to $20.4 million. However, FY21 EBITDA of $3.2 million was 66% lower than previous year, driven by costs of proposed ...