HUB24 Limited's FY25 results showcase substantial growth across key metrics, including a 34% increase in Platform Funds Under Administration and a 39% rise in Underlying EBITDA, supported by robust net inflows. The company achieved a notable 68% increase in net profit after tax, with declared dividends reflecting this growth. HUB24 continues to innovate through technology and strategic adviser relationships, positioning itself for further market share gains. The company emphasizes sustainability and employee engagement as part of its long-term strategy.
Key Points
HUB24 Limited experienced a 34% growth in Platform Funds Under Administration (FUA) to $112.7 billion in FY25, driven by record net inflows of $19.8 billion.
The company achieved a 28% increase in platform revenue, reaching $323.3 million, with a slight decline in the platform revenue margin due to fee tier adjustments.
Underlying EBITDA increased by 39% to $142.9 million, with the EBITDA margin expanding to 44.2%, demonstrating the scalability of HUB24's operations.
HUB24's net profit after tax (NPAT) rose by 68% to $79.5 million, and they declared a fully franked final dividend of 32.0 cents per share.
The company continues to see growth opportunities in expanding adviser relationships, with a significant increase in advisers using their platform.
HUB24 is leveraging its capabilities in technology and data solutions to enhance customer value and efficiency, including the launch of 'Engage', a reporting platform.
The company plans to capture further market share by continuing to innovate its platform offerings and maintain its leadership in the managed accounts space.
HUB24's focus on sustainability includes initiatives towards net-zero emissions and enhancing employee engagement and community contributions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.