Rf Capital Group Inc. ( (GMPXF) ) has released its Q4 earnings. Here is a breakdown of the information Rf Capital Group Inc. presented to its investors.
RF Capital Group Inc. is a TSX-listed wealth management company operating under the Richardson Wealth Limited brand, known for providing strategic wealth advice and investment solutions to high net worth individuals and families across Canada.
In its fiscal 2024 earnings report, RF Capital Group Inc. announced a 5% increase in revenue to $369.3 million, driven by a 12% growth in Assets Under Administration (AUA) to $39.5 billion. The company also reported a significant turnaround in net income from a loss of $9.8 million in 2023 to a profit of $0.6 million in 2024.
Key financial highlights include a 4% decrease in adjusted EBITDA to $57.3 million, despite a 4% increase in gross margin and a 6% rise in adjusted operating expenses. The company also improved its free cash flow to $18.5 million from a negative $2.6 million the previous year, and net working capital increased by 9% to $88.7 million.
Looking ahead, RF Capital Group Inc. plans to continue its recruitment momentum and focus on supporting advisory teams while exploring opportunities for acquisitions or partnerships. The company expects interest revenue to stabilize later in 2025 and remains committed to finding cost efficiencies to enhance profitability.
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