Centrepoint Alliance (ASX: $CAF) FY24 Trading Update

Centrepoint Alliance Limited (ASX: $CAF) has provided a trading update for FY24, forecasting the upper end of the previously guided range with an expected EBITDA pre LTI and one-off costs between $8.75m and $9m. The company attributes this performance to growth in licensee services revenue, prudent expense management, and the successful integration of Financial Advice Matters Group Pty Ltd ('FAM'). Centrepoint Alliance also continues to lead the market in financial adviser recruitment with 556 authorised representatives as at 9th May 2024.

Executive Commentary on FY24 Trading Update

The Company is pleased to report a strong financial performance for FY24, with a forecasted EBITDA pre LTI and one-off costs at the upper end of the guidance range. This performance is underpinned by growth in licensee services revenue, ongoing prudent expense management, and the successful integration of FAM. Additionally, our continued leadership in financial adviser recruitment reflects the attractiveness of our offering in the market. We are optimistic about the future and look forward to providing further details when we release the FY24 results in August.

Summary of Centrepoint Alliance (ASX: $CAF) FY24 Trading Update

Centrepoint Alliance (ASX: $CAF) has announced a strong financial performance for FY24, with a forecasted EBITDA pre LTI and one-off costs at the upper end of the guidance range. The company attributes this performance to growth in licensee services revenue, prudent expense management, and the successful integration of FAM. Furthermore, Centrepoint Alliance continues to lead the market in financial adviser recruitment, reflecting the company's attractiveness in the industry. The company is optimistic about the future and plans to release further details with the FY24 results in August. Centrepoint Alliance also aims to launch its own open architecture investment platform branded 'IconiQ' early in FY25, indicating a positive outlook for the company's growth and expansion.