Kelly+Partners Group Holdings Ltd (ASX:KPG) Reports 24.5% Revenue Growth in FY25
Financial Performance
Kelly+Partners reported a 24.5% increase in revenue for FY25, reaching $134.6 million. The underlying attributed NPATA rose by 13.0% to $9.1 million, while the underlying EBITDA grew by 14.7% to $34.4 million. Cashflow from operations increased by 23.3% to $24.9 million.
Operational Achievements
The company expanded its global presence to Ireland, now operating in Australia, Hong Kong, USA, and Ireland with 660 team members, including 102 partners. Kelly+Partners completed six acquisitions in FY25, contributing to a projected annual run rate of $150.0 million. Additionally, two more accounting firms joined post 30 June 2025. The digital client app has been successfully launched, and the company secured a $4.1 million internal equity capital raise from 41 existing partners.
Executive Comments
Founder & CEO Brett Kelly stated: “We continue to invest in order to deliver world class people, client and community impact. Our clients over the next 25 years are all going to have to earn a return on a global basis and will need their accountants to help them operate in this new global world.
To that end, we have been able to grow our Australian business to $100m+ revenue (No. 19 largest accounting firm in Australia [AFR]) and we look to expand our international presence to the US and the UK, where we see significant opportunities exist (Australia’s two largest expat communities). As such, we have invested heavily in our structure, our people, our brand and our digital infrastructure to facilitate this growth.
This market position as ‘Australia’s global accounting firm for Private Business Owners’ will take effort to build out in the short term, investment in the medium term, and ultimately be a valuable differentiated market position over the long term that is inspiring to the talent we seek to attract, develop and have help us build the accounting firm of the future.”
Motley Fool contributor Kiarra Jackson has positions in Kelly Partners Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Kelly Partners Group. The Motley Fool Australia has recommended Kelly Partners Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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