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Propel Funeral Partners (ASX:PFP)

ALERT: Price-sensitive ASX Announcement for PFP
Current share price for PFP : $3.230 -0.31 (-8.76%)+
Announcement
Release
4 Jun 2026 8:24AM
Price at Release
$3.540
Full Release
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Summary
Propel Funeral Partners Limited, the second largest provider of death care services in Australia and New Zealand, has announced the acquisition of three funeral service providers in New Zealand. These acquisitions, valued at up to approximately AUD 9.1 million, include Evans Funeral Services, Leishman Funeral Services, and Collingwood Funeral Home. This strategic expansion is expected to be completed by Q4 FY26 or Q1 FY27 and to be earnings accretive in the first year. Additionally, Propel has issued its FY26 guidance, projecting revenue between AUD 225 million and AUD 230 million, and operating EBITDA from AUD 54.5 million to AUD 56.5 million. The guidance is based on a slight increase in the number of funerals performed and assumes stable gross margins and operating costs, along with anticipated foreign exchange impacts due to a stronger Australian dollar against the New Zealand dollar.
Key Points
  • Propel Funeral Partners announces three acquisitions in New Zealand.
  • The acquisitions total up to approximately AUD 9.1 million.
  • Completion expected in Q4 FY26 or Q1 FY27.
  • FY26 revenue guidance between AUD 225 million and AUD 230 million.
  • Operating EBITDA for FY26 expected between AUD 54.5 million and AUD 56.5 million.
  • Stable gross margins and operating cost increases of about 2.5% anticipated.
  • Foreign exchange impacts due to a strengthening Australian dollar expected to affect revenue and operating EBITDA.
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.