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AF Legal Group Ltd (ASX:AFL)

ALERT: Price-sensitive ASX Announcement for AFL
Current share price for AFL : $0.155 0.025 (19.23%)+
Announcement
Release
13 Nov 2025 9:14AM
Price at Release
$0.130
Full Release
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Summary
The Q1 FY26 quarterly update for AF Legal Group Ltd highlights a record revenue of $9.0 million, marking a 43% increase compared to the same period last year. The company's Normalised NPBT attributable to owners rose significantly by 116% to $0.782 million. The growth is attributed to increased revenue across all practice areas, the addition of new legal professionals, and high retention rates. The quarter benefited from fewer public holidays, contributing to stronger results. Project Titan was noted to be on budget, contributing $299k in costs for the quarter. Looking forward, Q2 is expected to see slight revenue softening due to seasonal factors but is projected to remain strong compared to the previous year.
Key Points
  • Q1 FY26 record revenue of $9.0 million, up 43% from Q1 FY25.
  • Normalised NPBT for Q1 FY26 was $0.782 million, up 116% from Q1 FY25.
  • Growth in revenue across all practice brands, including Family Law and Contested Wills & Estates.
  • Significant growth in legal team with a 50% increase in fee earners year-on-year.
  • High retention rates and new senior hires contributed to revenue growth.
  • Project Titan costs of $299k were incurred, remaining on budget.
  • Q2 revenue expected to soften slightly due to seasonal holidays but remain better than the previous year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.