Propel Funeral Partners Ltd (ASX:PFP) Share Price Update: Latest News and Market Activity

Sonal Goyal

23 October 2026 02:45 PM AEDT

Propel Funeral Partners Ltd (ASX:PFP) Share Price Update: Latest News and Market Activity

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Propel Funeral Partners Ltd (ASX:PFP) shares were trading 1.91% lower at $2.57 during the 23 October 2026 session.
FY26 results released on 25 August 2026 showed Revenue of $226.6 million and operating NPAT of $20.7 million, down 4.0%.
Total dividends were 14.4 cents per share, fully franked, and five acquisitions were completed during and since FY26.

Shares in Propel Funeral Partners Ltd (ASX:PFP) were trading 1.91% lower at $2.57 during the Trading session on 23 October 2026. During the same session, the S&P/ASX 200 Consumer Discretionary index (XDJ) was up 1.77%, or 65.10 points, at 3,742.80 at 1:31 pm AEDT, the S&P/ASX 200 (XJO) was up 0.38% at 8,760.00 and the All Ordinaries was up 0.54% at 8,868.90. Propel Funeral Partners operates funeral homes, crematoria and related memorial businesses in Australia and New Zealand. The company released its FY26 results on 25 August 2026, and the share price movement on 23 October 2026 has not been linked to that release.

Latest development: FY26 results (25 August 2026)

Propel reported FY26 revenue of $226.6 million, up 0.3% on $225.8 million and within its guidance range of $225 million to $230 million. Operating EBITDA was $55.3 million, down 1.6%, with the Margin at 24.4% compared with 24.9%. Operating NPAT was $20.7 million, down 4.0%, and operating Earnings Per Share were 15.0 cents, down 4.1%. Cash Flow conversion was 100.7%, compared with 102.2%.

The company said unfavourable foreign exchange effects reduced revenue by about $3 million and operating EBITDA by about $1 million, because the Australian dollar strengthened by more than 10% against the New Zealand dollar.

Latest development: funeral volumes and acquisitions

Propel performed about 22,850 funerals in FY26, up 1.1%, although comparable funeral volumes contracted by about 2%. Average revenue per funeral was $6,673, with comparable growth of about 2%. The company completed five acquisitions during and since FY26 for about $12 million, all in New Zealand: Jones & Co and Broadway, Jacobsen, Collingwood Funeral Home, Leishman Funeral Services and Evans Funeral Services. Since its November 2017 IPO, it has deployed about $314 million on acquisitions.

Latest development: dividend, funding and outlook

The board declared a fully franked final Dividend of 6.9 cents per share, payable on 1 October 2026 with a Record Date of 2 September 2026, taking total FY26 dividends to 14.4 cents, unchanged from FY25. The company said this represents a Yield of about 4.6% based on its 30 June 2026 closing price of $3.13. Propel extended the Maturity of its $275 million Debt facilities to October 2029, established a $50 million accordion Facility and reported about $169 million of funding capacity. Gearing was about 31% and net Leverage was about 2.2 times.

For July 2026, Propel generated revenue of about $21.5 million, with comparable average revenue per funeral growth above 3%. The company said funeral volumes were resilient despite a mild flu season and a material contraction in industry death volumes, which it expects to be temporary. It will provide an FY27 trading update at its AGM in November 2026.

About Propel Funeral Partners and what it does

Propel Funeral Partners acquires and operates funeral homes, crematoria and related memorial businesses in Australia and New Zealand, within what it describes as a highly fragmented industry. Revenue comes from funeral services, merchandise and related products, and the company owns about $252 million of freehold property. It reports funeral volumes, average revenue per funeral and operating EBITDA as key measures.

Risks and catalysts on watch

Items flagged in the release include lower comparable funeral volumes, a lower EBITDA margin, the effect of the higher Australian dollar against the New Zealand dollar on New Zealand earnings, a contraction in industry death volumes and uncertainty around the timing of future acquisitions. Drawdown of the accordion facility is subject to conditions.

Items that may attract attention include the FY27 trading update at the November 2026 AGM, further acquisitions, the 1 October 2026 dividend payment and comparable average revenue per funeral growth.

Final takeaways

Propel Funeral Partners shares were lower on 23 October 2026 while the consumer discretionary index advanced. The company's FY26 results of 25 August 2026 reported flat revenue, lower earnings and an unchanged dividend, alongside five acquisitions. Further updates will be released through the ASX.

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