Prime Financial Group expands financial capacity

Prime Financial Group (ASX:PFG) has increased its debt facility with Westpac Banking Corporation to $41.4 million, up from $24.4 million. This enhancement aims to support the company's strategic growth through acquisitions and bolster working capital.

Outlook on Prime Financial's future plans

The increase in Prime Financial Group's debt facility is structured over a three-year term and supports the company's strategic goals. Prime is dedicated to expanding its acquisition pipeline, with ambitions to grow revenue by 15-20% in the fiscal year 2025 and double its revenue to $100 million in the next 3-5 years. The company emphasizes prudent financial management as it seeks growth opportunities in its core services of Accounting & Business Advisory, Wealth Management, SMSF, and Capital. With a presence in Melbourne, Sydney, and Brisbane, and its head office in Southbank, Victoria, Prime Financial Group is well-positioned for future expansion.

Executive insights on financial strategy

The revised facility aligns with our strategic objectives to expand our acquisition pipeline and achieve revenue growth. We are committed to prudent financial management while pursuing growth opportunities.