stock market board with results in digital text
Source: Pexels
  • The Agency posts record half-yearly results.
  • Unaudited $1.6M EBITDA, with $883,000 for December quarter.
  • $1.54M in positive operational cash flow.
  • Total group revenue rose 15% to $29M.
  • Gross commission income at $38.1M.

The Agency Group (ASX: AU1) recently posted record growth figures.

With positive numbers all around, The Agency stated in a release to the ASX they were pleased with their performance, which:

“… further cemented the company’s position as one of the fastest growing real estate company nationally.”

Yet to be audited, the Agency’s earnings before interest, tax, depreciation and amortisation (EBITDA) came in at $1.6M for HY21.

The company also posted $29.1M for combined group revenue during HY21, group revenue for December quarter alone at $15.5M up on the previous quarterly record of $13.6M.

Selling a combined $2.2B worth of property for HY21, the Agency’s gross commission income of $38.1M eclipsed the full-year results for 2020, which came in at $47.9M.

Source: The Agency

The strong growth is despite ongoing turbulence in the background.

 The Property Tribune previously reported on The Agency’s short-lived period of voluntary administration over $385,000 of debt, and the injunction that stopped administrators until an upcoming court hearing on the first of February.

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