KPMG Australia touts AI-centric approach in FY25 results

The big four accounting firm said it had placed AI at the centre of its fresh firm-wide business strategy for the 2025 financial year.

As part of this, KPMG invested $80 million into an innovation program to develop new technology, and awarded 7,300 AI digital training badges to employees amid “record take-up” of AI amongst KPMG employees.

Chief executive Andrew Yates attributed KPMG Australia’s slightly lower year-on-year revenue figure – $2.315 billion, compared to $2.386 billion in the 2024 financial year – to the “highly unpredictable” environment companies have faced in recent months.

“This is a strong result in what was a highly unpredictable environment. I’m really pleased with how our people and partners responded to the challenges that emerged during FY25, and how we invested in our people and the way we serve our clients,” Yates said.

KPMG Australia’s largest revenue contribution came from its consulting arm ($749 million), followed by enterprise ($434 million), audit and assurance ($365 million), deal advisory and infrastructure ($332 million) and its tax and legal team ($240 million).

The firm said that 2025 marked the end of its three-year digital transformation, which saw its systems move into the cloud and become more “AI-enabled”.

In the 2025 financial year, KPMG Australia also obtained an IS042001 (AI) certification from the British Standards Institution (BSI) for the firm’s Trusted AI framework, making it the first organisation to obtain the certification globally.

“The guidance, published in the UK by BSI less than a year ago, sets out how to establish, implement, maintain, and continually improve an AI management system, with a focus on safeguards,” BSI noted when KPMG achieved certification in October 2024.

“It is an impact-based framework that provides requirements to facilitate context-based AI risk assessments, with details on risk treatments and controls for internal and external AI products and services.”

KPMG noted that its AI-focused strategy had resulted in a shift in its consulting decision, “rebalancing” its traditional consulting services with a heightened focus on AI and technological transformations.

The firm added that it would continue to invest in AI-enabled technology in its audit sector, an area which practitioners predict will be revolutionised by AI.

“We remain at the forefront of technology development, with our industry-leading AI platform KymChat and other AI tools driving a range of benefits for our firm,” Yates said.