Count Limited FY2024 achievements and strategies

Count Limited (ASX:CUP) has demonstrated significant progress and resilience in FY2024, as reported in their Annual General Meeting. The company successfully acquired Diverger Limited, enhancing its Wealth and Services sectors. Despite economic challenges, Count Limited continues to deliver solid financial results, including a $34.2 billion funds under advice and a $3.2 billion funds under management. The company remains focused on strategic acquisitions and operational excellence.

Count Limited's strategic direction and future goals

Count Limited has solidified its market position through strategic acquisitions, notably the acquisition of Diverger Limited, and maintaining strong financial metrics. The company serves over 101,100 clients with $34.2 billion in funds under advice and $3.2 billion in funds under management. The focus remains on acquisitions and organic growth, with a robust pipeline aligned with strategic priorities. Challenges such as labor resource constraints and interest costs are actively managed. The Board is committed to enhancing shareholder value through continued growth in CARE SMAs and MDAs, which totaled $3.4 billion as of September 2024.

Leadership insights on Count Limited's progress

During the 2024 Annual General Meeting of Count Limited, Non-Executive Chair Ray Kellerman addressed shareholders, highlighting the significant accomplishments and strategic initiatives of the company throughout the fiscal year 2024 (FY2024). The year was marked by the successful acquisition of Diverger Limited, which has bolstered the company's scale and depth, particularly in its Wealth and Services sectors. Despite challenges such as economic fluctuations, labor resource constraints, wage inflation, and interest costs, Count Limited has maintained its focus on operational excellence and strategic growth.