Propel Funeral Partners Limited (PFPLF) Q2 2026 Earnings Call Transcript

SA Transcripts158.57K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Propel Funeral Partners Limited (PFPLF) Q2 2026 Earnings Call February 23, 2026 6:30 PM EST Company Participants Lilli Gladstone - Co-CEO & DirectorArash Noaeen - Chief Financial OfficerFraser Henderson - Co-Chief Executive Officer & Executive Director Conference Call Participants Elizabeth Miliatis - Macquarie ResearchJames Bales - Morgan Stanley, Research Division Presentation Operator Thank you for standing by, and welcome to the Propel Funeral Partners Limited H1 FY '26 Results Briefing. [Operator Instructions] I would now like to hand the conference over to Ms. Lilli Rayner, Co-CEO. Please go ahead. Lilli GladstoneCo-CEO & Director Thanks, Alaric. Good morning, everyone, and thanks for joining Propel's FY '26 half year results briefing. It's a pleasure to present to you today alongside my fellow Co-Founder and Co-CEO, Fraser Henderson; and Propel's CFO, Arash Noaeen. First and foremost, we'd like to acknowledge client families who have farewelled loved ones, particularly those who have suffered a recent loss. We also extend our thanks to Propel's staff for their continued commitment to providing essential and caring funeral and related services to the communities we serve across Australia and New Zealand. In terms of the agenda for the presentation lodged with the ASX this morning, I'll summarize the first half results and then provide a brief overview of Propel's business. Arash will cover the financials in more detail, including providing color on the debt refinance announced earlier today. Fraser will touch on industry trends, acquisitions and conclude with the outlook for the remainder of FY '26, and then we'll take questions at the end of the presentation. Turning to Slide 6 for a summary of the results. Revenue increased 3.1% to $118.8 million on the back of a 3% increase in total funeral volumes, including acquisitions. Comparable average revenue per funeral was circa 2% above the PCP, noting that network average revenue per