Bell Financial Group Limited · ASX:BFG
Bell Financial — H1 2026 Earnings Presentation
26 slides from Bell Financial's earnings presentation, Aug 13, 2026
Slide 1: Bell Financial Group Ltd – 1H26 Results Presentation
13 August 2026 ASX Market Announcements Office ASX Limited Level 27, 39 Martin Place Sydney NSW 2000 Bell Financial Group Ltd – 1H26 Results Presentation Attached is a copy of the 1H26 Results Presentation for release to the market. Release of announcement authorised by: Board of Bell Financial Grou
Slide 2: 1H26 Results
1H26 Results Bell Financial Group Ltd (ASX:BFG) A diversified financial services and wealth management business, with strong growth potential driven by an ongoing focus on clients, technology and products. August 2026
Slide 3: Agenda
Agenda 1 1H26 Highlights 2 Our strategies 3 1H26 Results summary 4 Performance by Division 5 Outlook A Appendix
Slide 4: 1H26 Highlights
1 1H26 Highlights BELL FINANCIAL GROUP
Slide 5: Key messages
Key messages 1 Record 1H earnings driven by stronger market conditions and trading activity 2 Five strategic priorities delivering measurable business transformation 3 Bell Potter Private Wealth and Bell Cash Account successfully launched 4 Strong balance sheet supports future growth and shareholder
Slide 6: 1H26 Highlights
1H26 Highlights Revenue Net profit after tax Earnings per share Interim dividend per share $165.6m $21.7m 6.8¢ per 5.0¢ per 36.3% increase on 1H25 133.3% increase on 1H25 share share 134.5% increase on 1H25 66.7% increase on 1H25 Platforms Division Funds under advice NPAT margin expansion Return on
Slide 7: Our strategies
2 Our strategies BELL FINANCIAL GROUP
Slide 8: Core strategies
Core strategies Five core strategies driving growth and building a more diversified, resilient business Transition to Bell Product design / Digital asset Strategic Team culture Potter Private Wealth innovation transformation M&A Core strategic objectives • Transition clients to Bell • Develop invest
Slide 9: Bell Potter Private Wealth
Bell Potter Private Wealth Complete wealth management solution Key features of the Bell Potter Private Wealth offering PORTFOLIO SERVICE STRUCTURE Extensive investment menu 01 Australian & international shares, fixed income, property, alternatives, IPOs and A consolidated view of your cash, direct s
Slide 10: Bell Cash Account
Bell Cash Account An integrated, ANZ-backed cash solution embedded in the new Bell Potter Private Wealth service that is designed to simplify trade settlement and put idle cash to work Wha t i s t he oppor t unity? Grow our market share of deposits by integrating a modern cash account. Our goal is t
Slide 11: 1H26 results summary
3 1H26 results summary BELL FINANCIAL GROUP
Slide 12: Financial performance
Financial performance Revenue and NPAT growth driven by improved equity and capital markets performance and increased trading volumes $m 1H26 1H25 Variance Revenue ($m) Revenue 165.6 121.5 36.3% 3.9 (1.2) Adjusted revenue2 161.0 115.7 39.2% 41.4 Operating expenses 132.2 105.9 24.8% 165.6 121.5 EBITD
Slide 13: Historical financial performance
Historical financial performance Strong market conditions drive record 1H earnings • The Markets Division performance reflects stronger global markets sentiment compared to 1H25. o A return of investor confidence in 2H25 has carried into 1H26. • The Platforms Divisions positive momentum continues wi
Slide 14: Balance sheet
Balance sheet Strong balance sheet with $118.3m in company held cash and no core debt $m 30 June 2025 31 December 2025 Valuation metrics at June 20261 Cash – Bell Financial Group 118.3 146.0 Market capitalisation $445.8m Cash – Client funds 151.1 88.2 Trade and other receivables 241.7 82.1 EV/EBITDA
Slide 15: Funds under advice (FUA)
Funds under advice (FUA) Record client inflows drive continued growth in FUM • Funds under advice (FUA)1 has marginally declined since 31 December 2025 (down 0.8%), primarily as a result of the decline in the value of the Australian equity market of 0.4% over the same period. • Funds under managemen
Slide 16: Performance by Division
4 Performance by Division BELL FINANCIAL GROUP
Slide 17: Markets Division – summary
Markets Division – summary Positive market sentiment seen in 2H25 has carried into 1H26 $m 1H26 1H25 Variance • Strong retail and institutional broking activity, consistent with the momentum seen in Revenue 110.8 69.4 59.7% 2H25, drove revenue to $55.6m, an increase of 27.5%. • Equity Capital Market
Slide 18: Platforms Division – summary
Platforms Division – summary Revenue and earnings continued to grow, demonstrating the resilience and scalability of the Platforms segment. $m 1H26 1H25 Variance • Revenue increased 8.4% to $50.2m, while NPAT grew 9.1% to $13.2m. Revenue 50.2 46.3 8.4% • Revenue growth continues across all business
Slide 19: Platforms Division – operating metrics
Platforms Division – operating metrics Continued growth across platform assets, lending and cash products • An increase in the number of contract notes for Online Broking / Third Party Clearing resulted in a profit margin increase for the 6 months to 23.4% (vs 21.3% pcp). • The increase in Bell Pott
Slide 20: Outlook
BELL FINANCIAL GROUP
Slide 21: Outlook
Outlook • Markets: Australian and global markets remain exposed to geopolitical tensions, inflationary pressures and central bank policy decisions, which are likely to result in ongoing market volatility. • Bell Potter Private Wealth: Build on early momentum following the 1 July launch, with continu
Slide 22: Appendix
Appendix BELL FINANCIAL GROUP
Slide 23: Appendix A - definitions
Appendix A - definitions Interim dividend payout ratio is calculated as the total dividend for the half year divided by the NPAT for the half year. Interim dividend yield is based on the interim dividend paid for the financial year, dividend by the BFG share price at the end of the financial year. E
Slide 24: Appendix B – key dates
Appendix B – key dates Results release date Thursday, 13 August 2026 Ex-dividend date Wednesday, 26 August 2026 Record date Thursday, 27 August 2026 Payment date Tuesday, 8 September 2026 23
Slide 25: Important Disclaimer
Important Disclaimer The material contained in this presentation has been prepared by Bell Financial Group Limited ABN 59 083 194 763 (Bell Financial Group) and is general background information about the businesses, operations and activities of Bell Financial Group and its subsidiaries, current as
Slide 26: Bell Financial Group
BELL FINANCIAL GROUP