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Propel Funeral Partners (ASX:PFP)

ALERT: Price-sensitive ASX Announcement for PFP
Current share price for PFP : $3.200 -1.68 (-34.43%)+
Announcement
Release
24 Feb 2026 9:21AM
Price at Release
$4.880
Full Release
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Summary
Propel Funeral Partners announced its 1H FY26 results, highlighting its strategic acquisitions and financial stability. During the first half of FY26, Propel completed two key acquisitions in New Zealand: Jones & Co and Broadway, and Jacobsen, broadening its services in the funeral and memorial industry. The company reported $653.1 million in total assets with a gearing ratio of approximately 29%, and extended its $275 million debt facilities with Westpac Banking Corporation to October 2029. Propel also established a new $50 million Accordion Facility, enhancing its funding position to $182 million. The company anticipates benefiting from favorable demographics in Australia and New Zealand, as well as its acquisition activities in the fragmented death care industry. Propel expressed gratitude towards its clients and employees for their continued support and service.
Key Points
  • Completion of key acquisitions in New Zealand.
  • Total assets reported at $653.1 million.
  • Debt facilities extended to October 2029 with Westpac.
  • New $50 million Accordion Facility established.
  • Gearing ratio approximately 29%.
  • Strong funding position with $182 million in funding capacity.
  • Focus on favorable demographics and acquisition opportunities.
  • Acknowledgment of client trust and employee commitment.
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.