Kelly Partners Group Holdings Limited
One person adds. Teams multiply. Partnership compounds.
The ASX listed parent of Kelly+Partners, a Partner-Owner-Driver® accounting network of 43 businesses across Australia, the United States, Ireland and Hong Kong. A simple website for anyone interested in KPG.
- 105
- Operating partners
- 711
- Team members
- $159.2m
- Revenue, up 18%
- 45.3m
- Shares on issue
Welcome
Dear Quality Shareholder
Kelly Partners Group Holdings Limited was founded on 12 June 2006 and has been listed on the Australian Securities Exchange under the ticker KPG since June 2017.
This website serves as a simple handbook for anyone interested in KPG. We are unashamedly looking for quality shareholders and seek to treat our shareholders as partners in our business.
These pages will help you understand our principles and our business. For the detail, read the Owners' Manual and the Annual Reports. For the story of the year, read the letter.
We look forward to a long and fruitful partnership.
Brett Kelly
Founder and Chief Executive Officer
Start here
From the Letter to Shareholders, FY2026
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” Scales do not read headlines. We will keep adding weight.
FY2026 at a glance
Figures for the year ended 30 June 2026, from the FY26 statutory accounts and results presentation released 12 August 2026.
Shareholders' Principles
- 1
Our attitude is partnership in everything we do.
- 2
Our Founder and Partner-Owner-Drivers® have the majority of their net worth invested in the business.
- 3
Our long-term goal is to maximise KPG's intrinsic value on a per share basis.
- 4
Our intention is to grow by continuing to acquire accounting firms ($2m to $10m revenue) using our proprietary Partner-Owner-Driver® model, in a programmatic manner that applies a robust M&A operating model for doing many small deals.
- 5
We will make decisions to maximise KPG's intrinsic value, even when such decisions may result in unfavourable treatments under current accounting standards.
- 6
We use debt prudently and structure our loans to be aggressively repaid by isolating risk to the immediate businesses.
- 7
We measure our performance using Earnings Per Share (EPS) growth and Owner Earnings.
- 8
We intend to seldom, if ever, issue shares to acquire a business.
- 9
It is not our intention to sell a business that we have acquired. We consider ourselves Perpetual Owners.
- 10
We will be completely transparent in our reporting to our shareholders, treating them as genuine partners in our business. We will call a spade a spade rather than under-emphasise difficult situations.
‘We genuinely want to attract quality shareholders who deeply understand the KPG business and we know of no way to help anyone have this insight without checklists and reading. It probably seems different, but differentiation is what drives KPG.’
Adjusted book value has compounded at 34.3% a year since 2009
Where other firms show founders, we show the scoreboard. One idea per chart; the source under every chart.
View this chart as a table
| Period | Adjusted book value, A$m | Basis |
|---|---|---|
| FY09 | $0.4m | Unaudited |
| FY10 | $1.4m | Unaudited |
| FY11 | $1.5m | Unaudited |
| FY12 | $2.2m | Unaudited |
| FY13 | $3.1m | Audited |
| FY14 | $3.7m | Audited |
| FY15 | $5.1m | Audited |
| FY16 | $6.5m | Audited |
| FY17 | $3.9m | Audited |
| Period | Adjusted book value, A$m | Basis |
|---|---|---|
| FY18 | $8.6m | Audited |
| FY19 | $10.9m | Audited |
| FY20 | $14.9m | Audited |
| FY21 | $20.1m | Audited |
| FY22 | $27.1m | Audited |
| FY23 | $32.9m | Audited |
| FY24 | $39.5m | Audited |
| FY25 | $45.8m | Audited |
| FY26 | $54.2m | Audited |
The Partner-Owner-Driver® model
Every Kelly+Partners operating business has two committed owners.
To grow to be a top 10 accounting firm by size in each of our targeted regions by offering trusted and convenient accounting, tax, finance, wealth and estate services to driven, successful Private Business Owners who value proactive advice via the Kelly+Partners Financial Progress System™, through a network of Partner-Owner-Driver® led offices.
51%
The parent you own brings the brand, capital, systems, technology and a built-in succession plan.
49%
The local operating partners hold 49%, bought with their own money and held at their own risk, and bring the client relationships, leadership and local trust.
Profits shared 51:49
Partners are paid through ownership, not bonuses. Nobody sells out, because nobody wants to leave what they own.
Driven = our clients get up early, stay up late, have their business as their main focus and want to go somewhere. Successful = we do not advise clients who don't have a growth mindset. Private business owners = we specialise in the families and individuals that operate private businesses. Financial Progress System = proactive advice focused on helping our clients achieve their goals.
Group
One team, one best way. Sixty-five firms have joined in twenty years.
Programmatic acquisition
Many small deals of $2m to $10m in revenue, run to a robust operating model. We intend to seldom, if ever, issue shares to acquire a business.
Team
Partners who earn more stay, recruit, buy in deeper and hand their firms on inside the model.
Annual General Meeting
| Date | Monday, 30 November 2026 |
|---|---|
| Time | 10:00am to 2:00pm AEDT |
| Location | Kelly+Partners Sydney CBD, L53/25 Martin Place, Sydney |
| Speakers | Brett Kelly and Kenneth Ko |
ASX announcements
Own 49% of your firm.
Kelly+Partners brings the brand, capital, systems, technology and a built-in succession plan. You bring the client relationships, leadership and local trust. Sixty-five firms have joined Kelly+Partners in twenty years. Nobody sells out, because nobody wants to leave what they own.
