Fiducian Group's Annual General Meeting overview

Fiducian Group (ASX:FID) held its 28th Annual General Meeting on October 17, 2024, revealing robust financial growth for the year ending June 30, 2024. The company reported an 11% rise in net revenue to $60.6 million and a 17% increase in Underlying Net Profit After Tax to $17.7 million. Statutory Net Profit After Tax saw a 22% increase, reaching $15 million. Fiducian's Funds Under Management, Advice, and Administration also grew significantly, underscoring its strong market position.

Fiducian Group's strategic outlook and future goals

Fiducian Group has demonstrated significant financial and operational growth, as indicated by its increased revenue and net profit figures. The company's strategic emphasis on long-term double-digit growth through the principles of People, Profit, and Planet, alongside its expansion in financial planning and platform administration, highlights its future ambitions. The declared 30% higher fully franked dividend reflects its strong financial health and commitment to shareholders. With continued enhancements in IT systems and a focus on community engagement, Fiducian aims to maintain its growth trajectory while navigating economic challenges.

Executive insights on Fiducian's performance

Fiducian's strategic focus on People, Profit, and Planet has delivered exceptional outcomes. Our clean balance sheet and debt-free status position us well for sustained growth. We are pleased with the expansion in our financial planning network and the recognition from Forbes Asia affirms our strong market standing. Our commitment to offering high compliance and service standards remains unwavering.