The Brief:
Slater + Gordon’s profit jumped 19% to $24.6m, marking its second consecutive year of growth since going private.
The firm shrugged off its high-profile email scandal, with personal injury work driving most of the growth.
Brushing off its email incident earlier this year, Slater + Gordon has posted bumper FY25 results.
Net profit is up 19% to $24.6m and revenue climbed 9% to $253.9m, largely powered by its personal injury division.
The firm, backed by Allegro Funds, has now logged two straight years of profit since delisting from the ASX in 2023.
CEO Dina Tutungi called it a “strong” result, citing $1bn in compensation won for personal injury clients and $300m in class action settlements.
The gains came despite a bruising email attack earlier this year that leaked staff salaries and mocked senior executives. Victoria Police has since closed the investigation without charges, though Slater & Gordon maintains it was a “premeditated and carefully planned attack.”
The accounts report $14.6m in revenue was “reversed” after the firm lost the Essure class action, which alleged women suffered injuries from defective contraceptive devices.
Still, Tutungi says the firm remains in a “sound financial position” with positive cash flow and a growing client base seeking access to justice.
Source: The Australian