Propel Funeral Partners posts steady H1 gains and secures cheaper long-term funding

Propel Funeral Partners Ltd. ( (AU:PFP) ) just unveiled an announcement.

Propel Funeral Partners reported modest first-half FY26 growth, with revenue up 3.1% to $118.8 million, operating EBITDA up 1.3% to $30.3 million, and operating NPAT up 1.2% to $12.4 million, while maintaining stable funeral volumes and average revenue per funeral on a comparable basis. The group lifted its fully franked interim dividend to 7.5 cents per share, benefited from recent New Zealand acquisitions, and highlighted strong cash conversion.

The company extended the maturity of its $275 million debt facilities to October 2029 on improved pricing, added a new $50 million accordion facility, and now has $182 million of funding capacity, leaving leverage comfortably within covenant limits. Management signalled continued focus on bolt-on acquisitions in Australia and New Zealand, aiming to capitalise on favourable demographics and industry fragmentation, though the timing of further deals remains uncertain.

The most recent analyst rating on (AU:PFP) stock is a Buy with a A$5.90 price target. To see the full list of analyst forecasts on Propel Funeral Partners Ltd. stock, see the AU:PFP Stock Forecast page.

More about Propel Funeral Partners Ltd.

Propel Funeral Partners Ltd is a death care services provider operating funeral homes, crematoria, cemeteries, and related memorial services across Australia and New Zealand. The company pursues a growth strategy centred on acquisitions of funeral service businesses and social infrastructure in a highly fragmented market, supported by ownership of substantial freehold property assets and long-term bank funding arrangements.

Average Trading Volume: 113,562

Technical Sentiment Signal: Buy

Current Market Cap: A$684.3M

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