Prime Financial FY26 slides: revenue jumps 22%, recurring income hits 85%

Prime Financial Group (ASX:PFG) released its FY26 results on August 26, 2026, highlighting a year of notable growth despite tax rate changes impacting earnings. The integrated advice and investment firm saw a 22% increase in revenue to $60.5 million, with recurring income accounting for 85% of total revenue, up from 70% the previous year.

Shares rose 1.16% to $0.218 after the presentation, though the stock remains near its 52-week range of $0.21 to $0.275. With $1.9 billion in assets under management and 197 employees, Prime is focused on simplification, core business growth, and selective acquisitions. In FY26, total revenue rose 22% to $60.5 million, with productivity per full-time employee increasing 25% to $276,000.

Operating cash flow surged 47% to $4.3 million, and underlying EBITDA for members grew 18% to $13.9 million. However, EBITDA margin remained flat at 24% due to a tax rate change from 25% to 30%. The company's strategic initiatives included service consolidation, a single enterprise CRM system, and substantial recurring revenue growth.

Revenue from contracts with customers grew 20% to $59.3 million, while other revenue jumped 372% to $1.2 million. Prime aims to reach $100 million in revenue by FY28-FY30, emphasizing core service expansion over new business lines.