Af Legal Group Limited · ASX:AFL
Af Legal — FY2025 Earnings Presentation
13 slides from Af Legal's earnings presentation, Aug 29, 2025
Slide 1: FY25 – Results Investor Presentation
FY25 – Results Investor Presentation 29 August 2025 1
Slide 2: FY25 Highlights
FY25 Highlights ▪ FY25 Revenue growth of 27% (v FY24) ▪ Normalised NPBT attributable to the owners of AF Legal for FY25 of $1.4 million ▪ Acquisition in October 2024 of Armstrong Legal Criminal & Family Law practices ▪ Cultural transition to one that is people-first focused and practice-led ▪ Projec
Slide 3: Revenue momentum building, as is underlying profitability
Revenue momentum building, as is underlying profitability Half Year Revenue ($000) Average Weekly Revenue ($000) Normalised NPBT attributable ($000) 605 540 494 483 465 821 14,896 622 561 510 12,706 388 271 10,951 10,710 10,054 344 8,827 8,615 8,369 (407) (463) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 4: Revenue growth has accelerated during FY25
Revenue growth has accelerated during FY25 Half Year Revenue ($000) ▪ FY25 Revenue $27.6 million up by $5.9 million or 27% on the prior year (FY24: $21.7m) ▪ excluding Armstrong impact (CWE comparable from Q4 FY25) FY25 was up 11% ▪ Revenue of $14.9 million for H1 FY25 represents our 14,896 12,706 h
Slide 5: Revenue continues to hit new highs with more to come
Revenue continues to hit new highs with more to come Average Weekly Revenue ($000) ▪ Average Weekly Revenue (AWR) for Q4 FY25 above $600k for the first time, at $605k per week across Q4 but even 605 higher towards the end of the quarter 540 ▪ Momentum is building in Family Law which was up 494 465 4
Slide 6: Our underlying profitable growth turnaround gains pace
Our underlying profitable growth turnaround gains pace ▪ Normalised NPBT attributable to owners of AF Legal Group over the past 2.5 years months has totalled $2.8 million ▪ This represents a significant contrast to the preceding two and a half years which produced a loss of ($0.4 million) ▪ Historic
Slide 7: FY25 our best year for both revenue and underlying profitability
FY25 our best year for both revenue and underlying profitability $'000 FY25 H2 FY25 H1 FY25 FY24 FY23 FY22 FY21 ▪ Normalised NPBT attributable to the owners of AF Revenue 27,602 14,896 12,707 21,661 18,881 16,983 11,009 Average Weekly Revenue [AWR] (excl. 531 573 977 417 363 327 212 Legal Group for
Slide 8: Statement of Profit or Loss
Statement of Profit or Loss Consolidated Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2025 2025 2024 $'000 $'000 Revenue 27,604 21,862 ▪ Statutory P&L as contained in the Annual Report Expenses ▪ Profit is best viewed from a normalised point of view, please C
Slide 9: Balance Sheet
Balance Sheet Consolidated Statement of Financial Position As at 30 June 2025 30-Jun-25 30-Jun-24 $'000 $'000 ASSETS CURRENT ASSETS ▪ Net Total assets at $9.8 million (30 June 2024: $10.0m) Cash and cash equivalents 2,213 2,317 Trade and other receivables 11,064 9,543 ▪ Notable movements across FY25
Slide 10: Cash Flow
Cash Flow Consolidated Statement of Cash Flows For the year ended 30 June 2025 2025 2024 $'000 $'000 ▪ Operating Cash delivered a full year inflow of $2.9 million Cash Flows from Operating Activities driven by strong revenue growth & our continued focus Receipts from customers 26,397 20,050 Payments
Slide 11: Focus and Outlook
Focus and Outlook People-first culture New Client Activity Profitability Proven growth model ▪ GPTW lift to 84% in Oct-24 (Aug-23: ▪ Sponsorship & Executive Producer ▪ Improving Normalised Profitability ▪ Expand into new regions and 53%) of Millie Vs – The Film created by trend continued in H2 FY25
Slide 12: Our Growth Strategy
Our Growth Strategy Grow bottom-line profitability through increased revenues delivering improved returns due to relatively fixed cost base and associated operating leverage advantages Family Law - ▪ Growing existing Family Law (FL) practices through team ▪ Entered 2 new markets opening new serviced
Slide 13: Thank You
Thank You Legal baUeCOG Australi: AFL 5 BBFamily BBikoraos SEN Armstrong = Watts McCray 12 Lawyers Lawyers