Propel Funeral Partners Ltd
ASX:PFP
Propel Funeral Partners Ltd
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.
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.
Revenue Growth: Revenue grew 3.1% to $118.8 million, driven by a 3% increase in total funeral volumes, including acquisitions.
Profitability: Operating EBITDA rose to $30.3 million and operating NPAT increased to $12.4 million.
Dividend: Interim dividend increased to $0.075 per share, up from $0.074, with an 83% payout ratio.
Margins: Operating EBITDA margin was 25.5%, down 0.5 percentage points from the prior period, mainly due to acquisitions and revenue mix.
Cash Flow: Cash flow conversion remained strong at over 95%.
Balance Sheet: Net debt stood at $142.8 million with a gearing ratio of 29% and a pro forma net leverage ratio of 2x post-refinancing.
Funding: Debt facilities extended to October 2029 with improved pricing, and funding capacity increased to $182 million.
Acquisitions: Two acquisitions completed in H1 FY26, adding three locations; total committed on acquisitions since IPO reached $306 million.
Outlook: Easier volume comps expected in H2 due to prior period contraction; no major surprises so far in Q3.
