The royal college ended the last financial year with a surplus of $13.8 million, driven in part by a successful membership drive.
The Royal Australian College of General Practitioners’ annual report reveals that the college raked in $277.3 million in the 2025-26 financial year – an increase of 17% on the year before – thanks largely to an increase in training numbers.
Associated exam fees and revenue from non-AGPT training programs also contributed to the windfall, which stacked up to a statutory surplus of $13.8m for the college for the year.
According to the college’s revenue from ordinary activities statement, membership subscriptions brought in $42.6m in 2024-25, but increased to $46.3m in 2025-26 – an increase of $3.6m.
Examination fees, meanwhile, shot up from $16.8m in 2024-25 to $23.8m in 2025-26, an increase of $6.9m.
The financial summary said key drivers for the 2025-26 revenue growth included a successful membership campaign, participant volume growth across Fellowship exams and non-AGPT programs, increased conference income attributable to higher delegate numbers and registration income, and improved cash investment strategies.
The growth in exam revenue and membership fees was potentially a reflection of the increased number of junior doctors moving through the system; there were record high applications for GP training in 2025-26, with the incoming cohort expanding to 1772 doctors.
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There are now a total of 7181 GPs in training.
A total of 2166 candidates sat the Applied Knowledge Test – a 36% increase on the previous year. The number of people who sat the Key Feature Problem exam increased by 18%, while the number who sat the Clinical Competency exam increased by 33%.
This increase was also felt at the very start of the pipeline, with a 42% increase in the number of AGPT applicants sitting the GP training entry assessment.
In terms of membership demographics, around half of the RACGP’s 55,097 members were “mid-career”, around 8000 were “new fellows”, and over 17,000 were pre-vocational or pre-fellowship.
There were 17,694 RACGP members who had a qualification from outside of Australia. The top three countries were India, at 2363, the UK, at 1732, and Sri Lanka, at 1487.
Sri Lanka, Pakistan, Bangladesh, Iran, Egypt, China, Malaysia, and Myanmar rounded out the top 10.
