Stock of the Day: Bell Financial Group (ASX: BFG)

January 16 2025

FutureGate | Bell Financial Group (ASX: BFG) has delivered impressive financial results, with FY24 revenue expected to increase by 12%, reaching $276 million, compared to $247 million in FY23. The company's profit after tax is forecasted to rise 26% to $30.7 million, up from $24.3 million in FY23. In addition, Bell Financial last dividend was

distributed at 4.0¢ per share, reflecting a 33% increase from the first half of FY23. These figures underscore the company’s robust growth in financial performance. Funds under advice have grown to $80.5 billion, highlighting the strength of its advisory business. As of June 30, 2024, the company holds $111.5 million in net cash, excluding cash profits expected from the second half of 2024. Bell Financial is also set to acquire 100% of Selfwealth, a strategic move that could further boost its market position. With a market capitalization of $433 million, Bell Financial Group demonstrates significant growth potential, driven by a solid balance sheet, strong cash reserves, and expanding business operations.