Jarden Australia Profit Slumps as Costs Rise

Jarden Australia's investment banking division is pursuing long-term growth through major deals, but rising staff costs have reduced short-term profits

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Pick & Scroll News
July 08, 2025

Jarden Australia's investment banking division is pursuing long-term growth through major deals, but rising staff costs have reduced short-term profits. The firm reported an after-tax profit of $1.9 million, a significant drop from $10.8 million the previous year, even though revenue climbed to $135 million.


The profit decline occurred despite strong revenue growth. Jarden, a New Zealand-based investment bank expanding its presence in Australia, launched its local operations in 2020. It has since taken advisory roles in large transactions and increased its activity across sectors including retail, insurance and infrastructure.


Higher operating costs were the main factor behind the profit dip. These expenses rose from $97.4 million to $128 million, largely due to increased incentive payments for staff involved in complex and high-value transactions. Despite the higher costs, the company remains on stable financial footing with $16.8 million in cash and $28.6 million in receivables offsetting $12.9 million in liabilities.


The broader Jarden Group is performing more strongly, with earnings before interest, tax, depreciation, amortisation and bonuses reaching $NZ98 million, more than twice the level seen a year ago. This performance reflects the group's larger presence, including its leading equities business in New Zealand and $NZ55.7 billion in funds under management through FirstCape, the wealth unit established following a merger supported by Pacific Equity Partners.


From a strategic perspective, Jarden appears well-positioned. It has advised on transactions such as a $375 million fertiliser sale and a travel insurance divestment. The firm has also secured lead roles in major equity raisings including $NZ1.4 billion for Auckland International Airport. While short-term earnings are under pressure, the business seems to be gaining momentum toward its fiscal 2026 goals as deal activity increases across the region.