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Praemium Limited (ASX:PPS)

ALERT: Price-sensitive ASX Announcement for PPS
Current share price for PPS : $0.695 0.03 (4.51%)+
Announcement
Release
25 Aug 2025 8:21AM
Price at Release
$0.665
Full Release
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Summary
The FY2025 Appendix 4E and Annual Report for Praemium Limited outlines the company's financial and strategic performance for the year ended 30 June 2024. The report highlights Praemium’s strong growth in funds under administration, increased revenue, and a robust profit profile, supported by ongoing platform enhancements and product development. The company continued to expand its client base, particularly among financial advisers, and invested in digital solutions and technology upgrades to enhance user experience and operational efficiency. Management’s commentary addresses the competitive landscape, regulatory environment, and the company’s strategic focus on innovation and customer service. The report also details corporate governance practices, risk management frameworks, and the remuneration of key management personnel. The outlook section emphasizes Praemium’s commitment to sustainable growth through continued investment in technology, client service, and market expansion.
Key Points
  • Praemium reported significant growth in funds under administration and overall revenue for the financial year ended 30 June 2024.
  • The annual report covers financial results, business strategy, operational highlights, and corporate governance.
  • Platform enhancements, digital solutions, and technology upgrades were key investment areas to improve user experience and efficiency.
  • Praemium expanded its client base, especially among financial advisers, contributing to increased market share.
  • Management commentary discusses the competitive landscape, regulatory changes, and strategic priorities.
  • The report provides detailed disclosures on risk management frameworks and corporate governance practices.
  • Remuneration of directors and key management personnel is outlined, with a focus on performance-linked incentives.
  • Outlook emphasizes sustainable growth via ongoing investment in technology, customer service, and market reach.
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.