Bell Financial Group (BFG) investor relations material

Executive summary

• Net profit after tax for the half year was $21.7 million, up between 132.4% and 133.3% year-over-year, driven by strong market conditions and trading activity.

• Revenue reached $165.6 million, a 36.4% increase compared to the prior corresponding period.

• Record earnings per share of 6.8 cents, up 134.5% year-over-year, enabled a higher dividend payout.

• Fully franked interim dividend of 5.0 cents per share declared, up from 3.0 cents in the prior interim period.

• Five strategic priorities are delivering measurable business transformation, including product innovation and digital transformation.

Financial highlights

• Revenue: $165.6 million (up from $121.5 million year-over-year); NPAT: $21.7 million (up from $9.3 million year-over-year).

• Earnings per share increased 134.5% to 6.8¢; interim dividend up 66.7% to 5.0¢ per share.

• Return on equity improved to 12.2%, up 112.8% year-over-year.

• EBITDA margin rose to 20.1% from 12.8%; NPAT margin increased to 13.1% from 7.7%.

• Funds under advice at $91.4b, a slight 0.8% decrease since December 2025, mainly due to lower Australian equity market values.

Outlook and guidance

• Markets expected to remain volatile due to geopolitical tensions, inflation, and central bank policies.

• Diversified business model and expansion into holistic wealth management are expected to support resiliency.

• Ongoing development of digital client portals and assessment of strategic acquisition opportunities.

• Planned launch of new model portfolios and digital applications in 2H26.

• Directors report no matters or circumstances post-period end that may significantly affect future operations.