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AF Legal Group Ltd (ASX:AFL)

ALERT: Price-sensitive ASX Announcement for AFL
Current share price for AFL : $0.125 -0.035 (-21.88%)+
Announcement
Release
30 Apr 2026 8:24AM
Price at Release
$0.160
Full Release
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Summary
In the Q3 FY26 quarterly update, AF Legal Group Ltd reported revenue of $8.7 million, representing a 24% increase from the same period last year. However, revenue slightly decreased by 1.6% compared to the previous quarter. The normalized net profit before tax attributable to the owners was $284k, a decrease of $68k from Q3 FY25. The quarter was affected by seasonal factors like summer holidays and court closures, and the company invested in five new Accredited Specialists, impacting short-term profitability. Cash and cash equivalents decreased by $1.0 million due to lease liabilities and repayments. Project Titan, an upgrade to a new management system, is on track and expected to improve operations. The company anticipates stronger performance in Q4 and remains committed to its growth strategy through organic and acquisition means.
Key Points
  • Q3 FY26 revenue of $8.7 million, up 24% year-on-year.
  • Normalized NPBT of $284k, down $68k from last year.
  • Seasonal impacts from holidays and court closures.
  • Investment in five new Accredited Specialists.
  • Cash decreased by $1.0 million due to financial obligations.
  • Project Titan on track for completion, enhancing management systems.
  • Anticipated strong performance in Q4.
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.