Key highlights

  • Propel Funeral Partners Ltd (ASX:PFP) shares were priced at $2.62 as at 22 October 2026, down 1.13% on the day and down approximately 47.91% over the past year.
  • Propel reported FY26 revenue of $226.6 million, in line with the prior year, and operating EBITDA of $55.3 million, down 1.6%, in its 25 August 2026 release.
  • Operating NPAT was $20.7 million, down 4.0%, and total dividends were 14.4 cents, fully franked.

As at 22 October 2026, Propel Funeral Partners Ltd (ASX:PFP) shares were priced at $2.62, down 1.13% on the day, and the share performance data shows the stock down approximately 47.91% over the past year. Propel Funeral Partners is an Australian and New Zealand funeral services operator. Propel reported FY26 revenue of $226.6 million, in line with the prior year, and operating EBITDA of $55.3 million, down 1.6%, in its 25 August 2026 release.

About Propel Funeral Partners Ltd: business overview

Propel Funeral Partners Limited owns and operates funeral homes, crematoria and cemeteries across Australia and New Zealand, and grows through acquisitions of funeral businesses.

FY26 results

In an ASX announcement dated 25 August 2026, Propel reported revenue of $226.6 million, up 0.3%, within guidance of $225–230 million, and operating EBITDA of $55.3 million, down 1.6%, within guidance of $54.5–56.5 million, with the margin at 24.4% from 24.9%. Operating NPAT was $20.7 million, down 4.0%, operating EPS was 15.0 cents and cash flow conversion was 100.7%. A higher Australian dollar reduced revenue by about $3 million and EBITDA by about $1 million.

Volumes and dividends

Propel performed about 22,850 funerals in FY26, up 1.1%, with comparable funeral volumes about 2% lower. Average revenue per funeral was $6,673, with comparable growth of about 2%. The final dividend is 6.9 cents, fully franked, payable on 1 October 2026, taking total FY26 dividends to 14.4 cents, unchanged from FY25. Funding capacity was about $169 million including an accordion facility.

Related sector context

Funeral services are influenced by mortality trends, acquisitions of funeral businesses, pricing and cost inflation, and are generally less sensitive to economic conditions than other consumer segments. Companies report funeral volumes, revenue per funeral, EBITDA and dividends.

Risks to weigh in

Comparable volumes declined about 2%, margins and operating NPAT were lower, and currency effects reduced results. Acquisition integration, mortality variability, competition and cost inflation can affect outcomes.

Catalysts on watch

Items to watch include further acquisitions, comparable volumes, the 1 October 2026 dividend payment and the half-year result.

Closing perspective

Propel’s 25 August 2026 release reported flat revenue within guidance, slightly lower earnings and a maintained dividend. Acquisition activity will influence the next result.