Kelly Partners lifts revenue and underlying earnings as acquisitions expand footprint

Kelly Partners Group Holdings Ltd. ( (AU:KPG) ) has provided an announcement.

Kelly Partners Group Holdings reported a 17% rise in revenue to $75.99 million for the half-year to 31 December 2025, but statutory profit attributable to owners fell 15.5% to $2.11 million and total comprehensive income declined sharply. Underlying NPATA, which management says better reflects core earnings by excluding amortisation and non-recurring items, increased 12.8% to $5.56 million, highlighting stronger operational performance despite accounting charges and one-off costs.

The group continued its acquisition-driven expansion, buying several accounting and outsourced services businesses across New South Wales, the United States, and the Philippines that added $4.82 million in revenue and $0.46 million in profit before tax and amortisation over the period. No dividends were paid or declared for the half-year, and net tangible assets per share remained negative, underscoring a balance sheet heavily influenced by intangibles from acquisitions and the company’s reliance on earnings growth rather than asset backing for shareholder value.

The most recent analyst rating on (AU:KPG) stock is a Hold with a A$6.50 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.

More about Kelly Partners Group Holdings Ltd.

Kelly Partners Group Holdings Limited operates accounting and outsourced accounting services businesses, with a focus on professional services for clients in Australia and an expanding presence in the United States and the Philippines. The group grows through acquisitions of local accounting firms, integrating them into its network to broaden its geographic reach and service offering.

Average Trading Volume: 125,397

Technical Sentiment Signal: Sell

Current Market Cap: A$258.5M

Learn more about KPG stock on TipRanks’ Stock Analysis page.