Centrepoint Alliance forecasts a projected EBITDA of AU$7.6 million for FY23

Centrepoint Alliance Limited (ASX: CAF), a prominent provider of financial advice and business services to firms across Australia, has issued an earnings update. The company projects an EBITDA of AU$7.6 million for FY23, excluding LTI awards, one-off costs, and asset sales. This reflects an AU$0.4 million (5.6%) increase compared to FY22, showcasing improved business performance achieved through economies of scale.

As of May 2023, Centrepoint Alliance holds a cash balance of AU$14.4 million, considering the payment of an AU$0.5 cents interim ordinary dividend and an AU$0.5 cents special dividend in March 2023. With 512 authorized representatives operating under CAF licenses and an estimated 771 advisers supporting 200 self-licensed practices, Centrepoint Alliance continues to strengthen its position as a top choice for advisers. The company ranks as the third largest licensee in the industry.

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