Bell Financial Group reports 44% fall in half-year net profit
Make us a preferred source
Make us a preferred source on Google
The news: Bell Financial Group has reported a 44% decline in net profit after tax for the first half of 2025 when compared to the previous corresponding period and has declared a 3 cent per share fully franked interim dividend.
The numbers: Bell Financial posted net profit after tax of $9.3 million for the first half of 2025. Revenue also fell 12.5% year on year to $121.5 million.
The Technology & Platforms and Products & Services divisions posted a 12% gain in revenue and 17.5% gain in net profit after tax collectively, contributing to 38% of group revenue and 100% of first half earnings.
The Broking (Retail & Institutional) division meanwhile faced a 23.5% decline in revenue resulting in a $2.8 million after tax loss.
The fully franked interim dividend of 3 cents per share is lower than the 4 cents declared in 2024. The record date is 28 August.
The context: Bell Financial said broking and equity capital markets revenues were “impacted by volatility across global markets”, but has seen a strong market rebound in July.
The Technology & Platforms division was buoyed by the transition of about 75,000 accounts from Macquarie Online Trading, which was completed in February.
In the first four months following the migration, about 60% of migrated clients had been active on the platform.
What they said: “Growth in the recurring revenue divisions remains strong, and is set to continue as we transform into a more diversified wealth management business with multiple, scalable revenue streams,” Bell Financial Group co-CEO Dean Davenport said.
