Prime Financial Group Limited (AU:PFG) has released an update.
Prime Financial Group Ltd reported a solid performance for FY24, with a revenue increase of 21% to $40.8 million and an 18% rise in underlying EBITDA to $10.2 million, driven by strong growth in Wealth and Business segments and positive impacts from recent acquisitions. The company successfully integrated Altor and EPM into its ‘OneConnected’ model, enhancing cross-referral capabilities and client services. Looking forward, Prime is on track to achieve its ambitious revenue goals of $50 million in FY25 and aims to double that within the following 3-5 years.
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