Upon completion of its acquisition of Diverger on 1 March 2024, Count will be one of the largest advisory businesses in Australia, the company says.
In releasing the firm’s half-year financial results for the six months ending 31 December 2023, Count CEO Hugh Humphrey noted the company will have more than 550 financial advisers “…materially increasing earnings both through scale and through more diversified service offerings” (see: Count Acquires Diverger).
Among the key half year results the company highlighted were:
- Revenue increased by 6% compared to the prior period, driven by both organic and acquisitive growth
- Underlying Earnings Before Interest, Tax and Amortisation up by 9% to $5.436m mainly attributable to improved EBITA margins of 21.4% in the Accounting segment
- Completion of seven growth transactions to date (excluding Diverger) with two additional transactions announced since 31 December 2023
- Statutory profit for the period increased by 135% to $2.014m
Humphrey says the strong performance is particularly pleasing “…as the Company simultaneously delivers one of the most significant transformations in our 44-year history.”
He added that Count continues its strategic execution to build capability and drive growth across its three segments of Accounting, Wealth and Services.
“These results are a strong endorsement of this focus, with the most exciting phase still to come as we complete the acquisition of Diverger on 1 March.”
