Bell Financial Group Ltd
ASX:BFG

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Bell Financial Group Ltd
ASX:BFG
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Price: 1.3 AUD Market Closed
Market Cap: 413.3m AUD
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Income Statement

Earnings Waterfall
Bell Financial Group Ltd

Revenue
277.5m AUD
Cost of Revenue
-32.1m AUD
Gross Profit
245.4m AUD
Operating Expenses
-202.4m AUD
Operating Income
42.9m AUD
Other Expenses
-13.1m AUD
Net Income
29.9m AUD

Income Statement
Bell Financial Group Ltd

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Income Statement
Currency: AUD
Dec-2008 Jun-2009 Dec-2009 Jun-2010 Dec-2010 Jun-2011 Dec-2011 Jun-2012 Dec-2012 Jun-2013 Dec-2013 Jun-2014 Dec-2014 Jun-2015 Dec-2015 Jun-2016 Dec-2016 Jun-2017 Dec-2017 Jun-2018 Dec-2018 Jun-2019 Dec-2019 Jun-2020 Dec-2020 Jun-2021 Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024
Revenue
Revenue
176
N/A
159
-10%
207
+30%
216
+4%
200
-7%
198
-1%
156
-21%
135
-13%
136
+1%
149
+9%
159
+7%
151
-5%
155
+3%
168
+8%
178
+6%
178
0%
187
+5%
191
+3%
206
+7%
217
+5%
220
+2%
241
+10%
254
+5%
266
+5%
299
+12%
300
+0%
292
-3%
270
-7%
238
-12%
246
+4%
247
+0%
277
+12%
Gross Profit
Cost of Revenue
(19)
(14)
(9)
(8)
(10)
(10)
(10)
(9)
(7)
(6)
(5)
(5)
(4)
(4)
(4)
(5)
(4)
(4)
(5)
(5)
(5)
(5)
(6)
(8)
(5)
(3)
(2)
(4)
(5)
(13)
(16)
(32)
Gross Profit
156
N/A
145
-8%
198
+37%
207
+5%
191
-8%
188
-1%
146
-22%
126
-13%
129
+2%
143
+10%
154
+8%
146
-5%
151
+3%
164
+8%
174
+6%
173
0%
183
+6%
187
+3%
201
+7%
212
+5%
215
+2%
237
+10%
248
+5%
259
+4%
295
+14%
297
+1%
290
-2%
266
-8%
232
-13%
234
+1%
231
-1%
245
+6%
Operating Income
Operating Expenses
(134)
(125)
(157)
(164)
(158)
(158)
(133)
(126)
(133)
(139)
(143)
(139)
(143)
(149)
(151)
(152)
(157)
(161)
(170)
(175)
(179)
(192)
(200)
(207)
(226)
(229)
(226)
(214)
(193)
(194)
(193)
(202)
Selling, General & Administrative
(125)
(115)
(146)
(153)
(146)
(146)
(122)
(115)
(121)
(128)
(134)
(130)
(133)
(138)
(140)
(141)
(146)
(150)
(158)
(163)
(168)
(175)
(179)
(185)
(205)
(208)
(204)
(193)
(171)
(171)
(171)
(180)
Depreciation & Amortization
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(2)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(1)
(6)
(10)
(11)
(11)
(11)
(12)
(11)
(11)
(11)
(11)
(11)
Other Operating Expenses
(8)
(8)
(9)
(10)
(10)
(11)
(10)
(10)
(10)
(10)
(8)
(8)
(9)
(10)
(9)
(10)
(10)
(10)
(11)
(11)
(10)
(11)
(11)
(12)
(11)
(10)
(10)
(10)
(11)
(12)
(12)
(12)
Operating Income
23
N/A
20
-13%
41
+111%
43
+5%
33
-25%
30
-9%
13
-57%
1
-95%
(4)
N/A
4
N/A
11
+192%
7
-30%
9
+17%
15
+75%
23
+52%
21
-7%
25
+18%
26
+5%
31
+18%
37
+18%
36
-3%
45
+25%
48
+8%
51
+7%
68
+33%
68
-1%
64
-5%
52
-18%
39
-25%
40
+2%
38
-6%
43
+14%
Pre-Tax Income
Interest Income Expense
(1)
(2)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
0
0
0
0
0
0
2
0
(1)
0
0
0
(1)
(2)
0
(1)
0
(1)
0
(2)
0
(2)
0
Total Other Income
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
0
0
0
0
0
0
0
0
Pre-Tax Income
21
N/A
18
-15%
40
+121%
42
+6%
32
-25%
29
-9%
12
-59%
(0)
N/A
(4)
-1 233%
4
N/A
11
+184%
7
-30%
9
+17%
15
+75%
23
+52%
23
+2%
25
+8%
25
+1%
31
+23%
37
+19%
36
-4%
43
+22%
47
+7%
47
+2%
67
+41%
68
+1%
63
-7%
52
-17%
37
-29%
40
+8%
35
-11%
43
+21%
Net Income
Tax Provision
(7)
(6)
(13)
(13)
(10)
(9)
(4)
(0)
1
(2)
(4)
(3)
(3)
(4)
(6)
(7)
(8)
(8)
(10)
(12)
(11)
(13)
(14)
(15)
(20)
(20)
(19)
(16)
(11)
(12)
(11)
(13)
Income from Continuing Operations
15
12
27
29
22
20
8
(1)
(3)
2
7
4
6
11
16
16
17
17
21
26
25
30
32
33
47
47
44
37
26
28
24
30
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(0)
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
15
N/A
12
-18%
27
+129%
29
+7%
22
-26%
20
-10%
8
-61%
(1)
N/A
(3)
-440%
2
N/A
7
+183%
5
-34%
6
+29%
11
+81%
16
+51%
16
0%
16
+4%
17
+1%
21
+25%
25
+19%
24
-1%
30
+25%
32
+6%
33
+1%
47
+42%
47
+1%
44
-6%
37
-17%
26
-30%
28
+7%
24
-12%
30
+23%
EPS (Diluted)
0.06
N/A
0.05
-17%
0.11
+120%
0.11
N/A
0.08
-27%
0.07
-13%
0.02
-71%
-0.01
N/A
-0.01
N/A
0.01
N/A
0.02
+100%
0.01
-50%
0.02
+100%
0.05
+150%
0.06
+20%
0.06
N/A
0.06
N/A
0.06
N/A
0.08
+33%
0.09
+13%
0.08
-11%
0.1
+25%
0.1
N/A
0.1
N/A
0.15
+50%
0.15
N/A
0.14
-7%
0.11
-21%
0.08
-27%
0.09
+13%
0.08
-11%
0.09
+13%

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