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Propel Funeral Partners Ltd
ASX:PFP

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Propel Funeral Partners Ltd
ASX:PFP
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Price: 4.93 AUD 0.82% Market Closed
Market Cap: 680.2m AUD

Propel Funeral Partners Ltd
Investor Relations

Propel Funeral Partners Ltd. engages in the provision of death care related services. The company is headquartered in Sydney, New South Wales. The company went IPO on 2017-11-23. The firm owns funeral homes, cemeteries, crematoria and related assets in Queensland, New South Wales, Victoria, Tasmania, South Australia, Western Australia, and New Zealand. The firm provides services to individuals and families dealing with, or preparing for, death and bereavement. This includes the collection and transfer of the deceased, mortuary services, arranging and conducting a funeral, cremation, burial, and memorialization .The Company operates in approximately 136 locations, including 32 cremation facilities and 9 cemeteries. The operates through two geographic segments: Australian operations and New Zealand operations.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Feb 23, 2025
AI Summary
Q2 2025

Revenue Growth: Propel reported 1H FY25 revenue of $115.2 million, up 12% year-on-year, driven by increased funeral volumes and pricing.

Profitability: Operating EBITDA grew 9.2% to $29.9 million, and operating NPAT rose 21.1% to $12.2 million.

Cash Flow: Cash conversion remained strong at 96.1%.

Dividend: An interim dividend of $0.074 per share was declared, fully franked and up from $0.072 in the prior half.

M&A Activity: 9 new locations added year-to-date with $6.1 million deployed on acquisitions in the first half; acquisition pipeline remains solid.

Outlook: Company expects to benefit from favorable demographic trends and maintains a positive start to 2H FY25, with January revenue up over 10% year-on-year.

Leadership Transition: Managing Director Albin Kurti announced his retirement effective end of August, with succession planning underway.

Key Financials
Revenue
$115.2 million
Operating EBITDA
$29.9 million
Operating NPAT
$12.2 million
Gross Margin
70%
Operating Cash Flow Conversion
96.1%
Dividend per share (Interim)
$0.074 per share
Net Debt
$123.8 million
Net Leverage Ratio
1.9x
Gearing Ratio
26%
Available Funding Capacity
$144 million
Total Funeral Volumes
up 8.6%
Comparable Average Revenue per Funeral
up 2.6%
Earnings Call Recording
Other Earnings Calls
2025

Management

Mr. Albin Kurti
Group CEO, MD & Director
No Bio Available
Ms. Lilli Gladstone
CFO & Head of Finance
No Bio Available
Mr. Fraser Henderson
Head of Mergers & Acquisitions, General Counsel, Company Secretary and Executive Director
No Bio Available
Mr. Peter Dowding
Independent Non-Executive Director
No Bio Available

Contacts

Address
NEW SOUTH WALES
Sydney
03, L 18. 135 King Street
Contacts