Bell Financial (ASX:BFG) reported a stellar financial performance for the full year ended Dec. 31, 2025, underscored by a 17.1% increase in net profit after tax to $36 million.
The results highlight a particularly powerful second half, with H2 FY25 profits surging by 185.3% compared to the first half of the year.
The growth was fueled by an 8.2% rise in group revenue, reaching $299.2 million, while earnings per share climbed to 11.3 cents.
The company’s strategic reorganisation into two primary pillars—Markets and Platforms—appears to be paying immediate dividends.
The newly formed Platforms division, which integrates technology and product services, emerged as the group's primary engine for stability and growth.
It contributed 71.9% of the total NPAT and saw revenue jump 13.3% to $97.2 million.
Co-CEO Arnie Selvarajah noted that this division provides a "scalable, recurring revenue" base that balances the more cyclical nature of the Markets division.
The group completed the migration of approximately 75,000 Macquarie Online Trading accounts to Bell Direct, with over 65% of those clients already active.
Meanwhile, the Markets division navigated a volatile early year to capitalise on a reopening IPO window, with Equity Capital Markets raising $1.6 billion across 82 transactions.
At the time of reporting, Bell Financial's share price was $1.39.