Propel Funeral Partners Limited (ASX:PFP) Announces 1H FY25 Financial Results
Financial Performance
Propel Funeral Partners reported a 12.0% increase in revenue for the first half of FY25, reaching $115.2 million. Operating EBITDA grew by 9.2% to $29.9 million, while Operating NPAT increased by 21.1% to $12.2 million. Cash flow conversion stood at 96.1%.
Growth and Acquisitions
Propel completed three acquisitions in FY25 YTD, adding nine locations in New Zealand. Since its IPO, Propel has committed approximately $302 million to acquisitions, enhancing its market position in a highly fragmented industry.
Executive Changes
Albin Kurti, Managing Director and Co-Founder, announced his retirement effective 31 August 2025 after 14 years with the company. Propel will implement a succession plan to ensure a smooth leadership transition.
Outlook
Propel expects to benefit from favourable demographics in Australia and New Zealand, a strong funding position, and potential future acquisitions. The company remains committed to its growth strategy, supported by significant funding capacity and a diversified network.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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