Euroz Hartleys Posts $10.3M Net Profit, Near $99M Revenue in FY2025

A Year of Recovery and Growth

Euroz Hartleys Group Limited has emerged from a challenging two-year period with a notably strong financial performance in the 2025 fiscal year. The company reported a net profit after tax of $10.3 million, marking an impressive 87.7% increase over the previous year. This surge reflects a modest but meaningful improvement in market activity and trading volumes, despite some volatility in the second half of the year attributed to the so-called “Trump Tariff Sell Off.”

Revenue for the year reached $98.7 million, just shy of the internal $100 million budget, underscoring the company’s improving operational leverage. This financial discipline and market responsiveness have positioned Euroz Hartleys as a leading player in Western Australia’s private wealth, institutional, and corporate finance sectors.

Driving Revenue Through Brokerage and Capital Markets

Brokerage revenues, a key barometer of the firm’s health, rose by 7.2%, buoyed by gains in both Wholesale and Private Wealth segments. Meanwhile, Equity Capital Markets (ECM) activity, closely tied to the metals and mining sector, saw total raisings climb to approximately $1.6 billion, up from $1.4 billion the previous year. This translated into a 13.9% increase in ECM revenues, highlighting the company’s ability to capitalize on market windows despite overall subdued ECM activity.

Advisory revenues, a smaller and more cyclical part of the business, declined by 5.9%. However, management expressed optimism about a rebound driven by renewed focus and investment in this area, particularly leveraging their significant corporate client base.

Strong Momentum into FY2026

The first four months of the new financial year have started on a high note, with unaudited net profit after tax soaring 66% to around $8.3 million on revenues of $48.9 million. This robust performance was supported by completed advisory mandates for companies like Ramelius, SRG, and Alkane, alongside steady ECM capital raisings totaling $737 million. Notable transactions included $200 million for Rox Resources and $150 million for Amplitude Energy.

ASX broking revenues also surged by 32.6% compared to the same period last year, reflecting a successful team-based approach and strong institutional block trading activity. Funds Under Management (FUM) increased to approximately $4.9 billion as of October 31, 2025, continuing the trend of organic growth.

Capital Returns and Community Commitment

In August 2025, Euroz Hartleys returned approximately $23 million to shareholders via a capital return of 14 cents per share, completing a two-year strategic review aimed at optimizing the company’s balance sheet. The firm’s balance sheet remains robust, with cash and investments totaling $91.3 million as of October 31, 2025, providing a strong foundation for ongoing operations and growth.

Beyond financial metrics, Euroz Hartleys continues to invest in its people and community. The company’s graduate program and succession planning efforts underscore a commitment to talent development, while its charitable foundation donated over $420,000 to Western Australian causes in the past year, bringing total donations to over $4.4 million since inception.

Looking Ahead

Executive Chairman Andrew McKenzie expressed confidence in the company’s strategic positioning, citing a positive outlook tied to commodity prices, the Western Australian economy, and increasing demand for comprehensive financial advice. However, he cautioned that future performance will remain sensitive to market sentiment and ECM activity, factors that require close monitoring as the year progresses.