Garry Crole, CEO and Managing Director of Sequoia Financial Group (ASX:SEQ) presents on the group’s FY25 financial results.
The results showed a net profit before tax of $5.84m and an EBITDA of $9.9m, a 13.7% increase on FY24 despite the divestment of five business units.
Reported net profit after tax was $3.2m, impacted by a $4.2m goodwill write-down in the licensee services business, but the company maintained a 60% dividend payout ratio, declaring 4 cents per share.
Funds under advice reached $18bn, with around 60% on investment platforms. The board highlighted consistency in dividends and share buybacks, supported by a strong balance sheet with $48.5m in net assets, $16m in strategic ASX investments, and $17.8m in franking credits.
