In its full-year results released on the ASX on Thursday, Fiducian reported a jump in gross revenue to $80.8 million from $73.3 million a year earlier.

Statutory net profit after tax (NPAT) was $15 million, up from $12.3 million a year ago, while underlying NPAT rose from $15.1 million to $17.7 million. EBITDA added 26 percent to $26.1 million.

Assets under management, administration and advisory (FUMAA) increased 10 percent year over year to $13.5 billion.

In the executive chairman's report published on the ASX, Inderjit Singh said: "The board remains cautious but is confident that the future of the business is positive and is likely to continue to strengthen through organic growth and acquisition of customer bases that can benefit by Fiduciary process."

As a result, Singh announced a fully franked dividend for the 2024 financial year of 39.3 cents, a 30 percent increase on the previous financial year.

"Our focus remains on building a business with a solid foundation and growth strategies to enable expansion of existing capacity and leveraging our controlled base with relatively low fixed costs." This strategy has benefited us in tough and uncertain times with increasing revenues and growing profits,” Singh said.

Looking at its financial planning business, Fiducian said it saw net inflows from its advisory network of $281 million in its 2023-24 financial year results, helping to boost its statutory NPAT.

Over the year, advisory funds rose from $4.6 billion in June 2023. to $4.8 billion in June 2024.

"In contrast to FY23, we had steadily growing markets and consistent positive net flows from our financial advisor network, which helped us achieve an increase in net income of 11 percent compared to FY23," the firm said.

“Practice managers focus on helping our financial advisors grow their revenue, attract more clients and build their business. Our focus will remain on generating inflows through organic and inorganic growth as further client base acquisitions continue to be negotiated.”

Shares in the business are up 18% since the start of 2024. and have increased by 19% in one year.