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Kelly Partners Group Holdings Ltd.
(Sydney:KPG)
Kelly Partners Group Holdings Ltd. (KPG) vs. iShares MSCI Australia ETF (EWA)
Kelly Partners Group Holdings Ltd. Business Overview & Revenue Model
Kelly Partners Group Holdings Ltd. Earnings Call Summary
Kelly Partners Group Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 145.67M | 134.61M | 108.14M | 86.52M | 64.86M | 48.91M |
| Gross Profit | 26.44M | 26.01M | 53.90M | 14.71M | 16.66M | 14.02M |
| EBITDA | 41.25M | 37.20M | 31.69M | 24.92M | 24.14M | 18.38M |
| Net Income | 3.03M | 3.41M | 3.52M | 3.93M | 5.56M | 4.62M |
Balance Sheet | ||||||
| Total Assets | 233.63M | 198.96M | 159.32M | 132.59M | 106.64M | 67.61M |
| Cash, Cash Equivalents and Short-Term Investments | 3.36M | 6.87M | 3.27M | 5.33M | 2.97M | 4.04M |
| Total Debt | 152.32M | 101.88M | 79.75M | 72.66M | 53.74M | 31.85M |
| Total Liabilities | 161.97M | 132.48M | 106.96M | 97.12M | 72.69M | 42.46M |
| Stockholders Equity | 29.72M | 28.42M | 22.64M | 20.54M | 20.70M | 17.95M |
Cash Flow | ||||||
| Free Cash Flow | 28.80M | 28.74M | 21.33M | 16.85M | 10.11M | 12.76M |
| Operating Cash Flow | 32.20M | 31.27M | 25.61M | 19.50M | 17.58M | 15.08M |
| Investing Cash Flow | -30.17M | -19.78M | -14.82M | -11.33M | -20.93M | -4.45M |
| Financing Cash Flow | -10.32M | -11.39M | -5.95M | -14.95M | 3.58M | -11.00M |
Kelly Partners Group Holdings Ltd. Technical Analysis
Kelly Partners Group Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$201.88M | 5.06 | 12.32% | 4.11% | 27.05% | 520.93% | |
75 Outperform | AU$1.01B | 14.94 | 31.30% | 5.51% | 11.64% | 18.08% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | AU$217.32M | 43.95 | 10.41% | 0.11% | 24.47% | 21.28% |
Kelly Partners Group Holdings Ltd. Corporate Events
Kelly+Partners has entered a strategic partnership with UK-based specialist consultancy Hello AI Collective, taking a 50.10% controlling stake in a new entity that will operate the Hello AI business while founder Daniel Boyles retains 49.90% and becomes Head of AI. The Hello AI unit, which has run-rate revenues of £500,000 and focuses on practical AI deployment for professional services firms and private businesses, will keep its brand while providing AI services across Kelly+Partners’ global network.
The deal is structured in line with Kelly+Partners’ Partner‑Owner‑Driver model and includes a minimum 10-year commitment from Boyles to lead group-wide AI strategy, capability development and client deployment. While the board deems the transaction financially non-material at inception, management positions it as a key step in embedding proprietary AI across operations, boosting productivity, enabling AI-enabled advisory services, and enhancing the group’s long-term competitive position and growth prospects in technology-driven accounting and advisory services.
The most recent analyst rating on (AU:KPG) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.
Kelly Partners Group Holdings has disclosed changes in director Brett Kelly’s interests, including a small on-market acquisition of 1,803 ordinary shares and the disposal of 950,000 shares held via HSBC Custody Nominees, for proceeds of about $7.3 million. Following the transactions, Kelly and his associated entities continue to hold substantial stakes in the company through multiple vehicles, while one of his key entities, Kelly Investments 1 Pty Ltd, has entered into a Master Loan Agreement and Deed of Security that allows it to borrow against pledged shares and later recover them, underscoring the use of equity-backed funding without relinquishing long-term economic exposure.
The most recent analyst rating on (AU:KPG) stock is a Hold with a A$5.50 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.
Kelly Partners Group Holdings founder Brett Kelly has modestly increased his stake in the company through an on‑market purchase of 1,835 ordinary shares on 6 March 2026. The transaction, executed via Kelly Investments 1 Pty Ltd for consideration of $10,151.15, lifts his indirect holding in that vehicle to 13,800,217 shares while leaving other related holdings unchanged.
The move marginally boosts insider ownership and may be read by investors as a signal of confidence in the company’s prospects, given it is a voluntary market purchase rather than part of a structured issuance or plan. No changes were reported in Kelly’s interests in contracts or other securities, indicating this was a straightforward acquisition with limited immediate impact on the firm’s capital structure.
The most recent analyst rating on (AU:KPG) stock is a Hold with a A$6.00 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.
Kelly Partners Group Holdings Limited has disclosed a change in managing director Brett Kelly’s relevant interests in the company’s securities, reflecting a small on-market purchase rather than any disposal. The filing outlines his various direct and indirect holdings through personal, family, superannuation and nominee accounts, which remain substantial after the latest transaction.
On 26 February 2026, Kelly acquired 1,478 ordinary shares on market into the Brett & Rebecca Kelly Superannuation Fund at a cost of about $9,000, marginally increasing that vehicle’s stake. While the transaction is modest in size, it reinforces continued insider ownership and may be read by investors as a signal of ongoing confidence in the company’s prospects and alignment between management and shareholders.
The most recent analyst rating on (AU:KPG) stock is a Hold with a A$7.50 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.
Kelly Partners Group Holdings Ltd., listed on the ASX under the code KPG, has ordinary fully paid shares and operates in the broader financial and professional services arena. The company serves a client base that typically requires accounting, advisory, and related services, positioning it within a competitive but stable professional services market.
The company has announced a new on-market share buy-back of its ordinary fully paid shares under ASX Appendix 3C. The move signals that management considers the current share price attractive and is prepared to return capital to shareholders, potentially improving earnings per share and capital management flexibility for investors over time.
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.
Kelly Partners Group Holdings reported 1H26 results showing expansion to 710 team members, 105 partner businesses across five countries, and revenue run rate growth to $76 million from $65 million a year earlier. The firm increased free cash flow per share to 12.1 cents, modestly lifted revenue per headcount, and continued to compound returns through a combination of organic growth and return on invested capital, despite a slight decline in combined ROIC plus organic growth versus the prior period.
The company’s share base rose marginally to 45.2 million, while returns on invested capital edged down to 20.8% from 22.2%, indicating strong but slightly moderating capital efficiency as the network scales. Overall, the results highlight continued top-line growth and geographic expansion, suggesting a strategy focused on building scale in professional services while maintaining disciplined capital allocation for stakeholders.
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.
Kelly Partners Group Holdings reported first-half 2026 revenue of $76.0 million, up 17.0% year on year, with underlying NPATA attributable to the parent rising 12.8% to $5.6 million and underlying EBITDA up 10.8% to $19.3 million. Growth was driven mainly by acquisitions, which contributed 12.8 percentage points of revenue expansion alongside 4.2% organic growth, though higher borrowing to fund deals lifted net debt to $77.1 million and increased gearing to 1.79 times underlying EBITDA.
The group continued its international expansion, completing six partnerships across Australia and the U.S. and establishing a Philippine BPO platform with more than 1,150 seats to support global operations. Its U.S. businesses now generate about $25 million, or 15% of group revenue, while strong Net Promoter Scores well above industry averages and a rising AFR ranking to 17th among Australia’s top accounting firms underscore its strengthening brand and challenger position in the mid-market advisory sector.
Operationally, Kelly Partners is leveraging technology and sector specialisation to deepen client engagement, rolling out Microsoft 365 Copilot to boost productivity and launching a mobile app tailored for McDonald’s owner-operators. Despite a modest decline in group EBITDA margins due to investment and integration costs, cash flow from operations improved and owner earnings increased, supporting the firm’s long-term strategy of compounding book value and scaling its partner-owner-driver model across key growth markets.
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.
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.
Kelly+Partners Group Holdings, an ASX-listed specialist chartered accounting network, has expanded from two Australian offices to 41 operating businesses across 42 locations worldwide, serving over 25,000 SME clients with a team of more than 700 staff and 100 partners. Its distinctive Hold Co structure and Partner-Owner-Driver model underpin a consolidation strategy that has reshaped over 50 external firms and launched more than 30 greenfield practices, aiming to address structural challenges in the accounting industry and support small and mid-sized enterprises.
The company announced it will release its financial results for the half year ended 31 December 2025 on 11 February 2026 and will host a group investor presentation the same day. The scheduled update gives investors and other stakeholders a forthcoming checkpoint on KPG’s growth trajectory and operational performance as it continues to build scale and influence in the Australian and global accounting market.
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.
Kelly Partners Group Holdings Limited has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent trading activity in its securities. The company confirmed it is not relying on any disclosure exceptions, has no alternative explanation for the price movements, and affirmed its compliance with ASX Listing Rule 3.1 and its internal continuous disclosure policy, seeking to reassure the market and stakeholders about the transparency of its disclosures.
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.
Kelly Partners Group Holdings has disclosed changes in the shareholdings of its founder and director Brett Kelly, detailing a series of transfers between his direct and indirect holdings and various custodial arrangements over the period 19–22 December 2025. The notice shows that a significant portion of Kelly’s directly held ordinary shares was moved into structures involving custodians and lenders as security under loan and pledge agreements, signalling a reorganisation of his personal financing and security arrangements rather than a straightforward sale, and clarifying his ongoing economic interest in the company for investors monitoring board and insider ownership.
The most recent analyst rating on (AU:KPG) stock is a Hold with a A$10.00 price target. To see the full list of analyst forecasts on Kelly Partners Group Holdings Ltd. stock, see the AU:KPG Stock Forecast page.