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Propel Funeral Partners (ASX:PFP)

ALERT: Price-sensitive ASX Announcement for PFP
Current share price for PFP : $3.180 -1.7 (-34.84%)+
Announcement
Release
24 Feb 2026 9:19AM
Price at Release
$4.880
Full Release
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Summary
Propel Funeral Partners has reported its 1H FY26 results, highlighting strong growth and strategic acquisition activities. The company completed two acquisitions in New Zealand during this period, deploying approximately $306 million in total acquisitions since its IPO in FY18. Propel's operating EBITDA increased to $30.3 million, reflecting a robust performance despite a -3% contraction in comparable funeral volumes. The firm maintained a strong cash flow conversion and an operating EBITDA margin above 25%. Propel's growth strategy is supported by a diversified network of 208 locations across Australia and New Zealand, with a solid funding capacity of $182 million, including a new $50 million Accordion Facility. The company is well-positioned to benefit from favorable demographic trends and continues to explore further acquisition opportunities in the highly fragmented funeral services market.
Key Points
  • Propel Funeral Partners completed two acquisitions in 1H FY26.
  • Total acquisition deployment since IPO is approximately $306 million.
  • Operating EBITDA increased to $30.3 million.
  • -3% contraction in comparable funeral volumes was observed.
  • Strong cash flow conversion and operating EBITDA margin exceed 25%.
  • The company operates 208 locations across Australia and New Zealand.
  • Funding capacity includes a $50 million Accordion Facility.
  • Favorable demographic trends support growth strategy.
  • The industry remains highly fragmented, offering acquisition opportunities.
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.