Gross revenue was actually down circa $4.5m in the second half but lower payout to firms made up most of that. EBIT was slightly down on 1st half. If you look at declining adviser numbers terminal revenue run rate in June was down again. There are challenges in finding growth. Increase in adviser numbers and increased revenue capture from firms the key to growth in the absence of any new revenue streams.
Ann: FY2023 Indicative Results, page-3
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