Strong EBITDA Performance
Operating earnings (EBITDA) before integration and restructuring were $53.5 million, up 11.6% year‑on‑year; including integration and restructuring costs EBITDA was $51.7 million, also up ~11%.
Revenue Growth
Total revenues were $128.9 million, up 7.3% year‑on‑year, driven by growth in Smart and Wealth Technologies.
Wealth Technologies Momentum
Wealth Technologies delivered notable growth: Annual Recurring Revenue (ARR) up 22.2%, Funds Under Administration (FUA) up 23.1%, 13 client transitions completed, and operating earnings up 31.1% to $6.3 million.
Smart (Funds Management) Outperformance
Smart operating earnings increased 30.9% to $29.3 million, supported by a 20.3% increase in average FUM and FUM‑based revenue growth; Smart revenue growth cited at roughly 17.8% in the presentation.
Improved Profitability and Margins
Operating margin improved to 41.5% (positive jaws achieved with revenue rising 7.3% and costs up 4.5%); free cash flow increased to $26.5 million, up 25% year‑on‑year.
Dividend Increase
Board declared a higher final dividend of $0.033 per share, bringing the full‑year fully imputed dividend to $0.063 per share (up from $0.061 in FY2024).
Dairy Derivatives and GDT Recovery
Dairy derivatives saw strong activity (lots traded up 22.2%), with Global Dairy Trade (GDT) auction platform insourcing delivering expected savings and a return to underlying profitability in H2.
Healthy Balance Sheet and Cash Usage
Cash generation supported settlement of the QuayStreet earn‑out from existing cash (no new debt) and enabled dividend payout; acquisition loan reduced to $15 million and one revolving facility of $7.5 million expected to be paid down.
Operational and People Progress
Staff engagement remained strong at 4.36; Gender Pay Gap reduced to 11.1% (from 13.8% excluding CEO and RegCo); several senior leadership promotions and organizational maturity highlighted.