InvestSMART

Centrepoint Alliance Limited (ASX:CAF)

ALERT: Price-sensitive ASX Announcement for CAF
Current share price for CAF : $0.390 0.02 (5.41%)+
Announcement
Release
26 Aug 2026 7:59AM
Price at Release
$0.370
Full Release
download
Summary
Centrepoint Alliance Limited (ASX: CAF) announced the acquisition of a 51% controlling interest in South East Queensland (SEQ) Advice Group Pty Limited. This acquisition aligns with Centrepoint's strategy to increase direct participation in financial advice earnings and involves an option to increase ownership to 75% based on performance metrics. Initially, the acquisition is expected to contribute approximately $0.6 million to Centrepoint's EBITDA on an annualized basis, with a pathway to $1.9 million by the financial year 2031. SEQ, established in 2015, provides comprehensive financial advice in Queensland and will continue to operate under its existing management, with Centrepoint supporting its growth and succession plans. The transaction is set to change control on 1 September 2026, subject to the fulfillment of certain conditions.
Key Points
  • Centrepoint acquires 51% of SEQ Advice Group.
  • Acquisition aligns with strategy to grow financial advice earnings.
  • Option to increase ownership to 75% based on performance.
  • Initial EBITDA contribution of $0.6m, potential to reach $1.9m by FY31.
  • SEQ Advice Group established in 2015 with offices in Bundaberg and Brisbane.
  • SEQ continues under current management post-acquisition.
  • Centrepoint to support SEQ with technology and business capabilities.
  • Transaction completion expected on 1 September 2026.
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.