• Record half year Platform net inflows of $9.5 billion (up 31% on 1HFY24)
• Awarded Best Platform Overall, Best Platform Managed Accounts Functionality, and other awards
• Upgraded FY26 Platform FUA target to $123 billion to $135 billion

HUB24 Limited (ASX: HUB) announced the results for the half year ended 31 December 2024 (1HFY25), reporting Group Underlying EBITDA of $77.6 million (up 41% on 1HFY24) and Group Underlying Net Profit After Tax (NPAT) of $42.6 million (up 40% on 1HFY24). The company reported statutory NPAT of $33.2 million in 1HFY25, an increase of 54%, and Underlying Diluted Earnings per share increased by 41% to 51.0 cents per share. Total Funds Under Administration grew to $120.9 billion as at 31 December 2024, with Platform Funds Under Administration (FUA) increasing to $98.9 billion ($102.6 billion as at 13th February 2025) and PARS FUA of $22.0 billion. HUB24 delivered record half year Platform net inflows of $9.5 billion (up 31% on 1HFY24 including large migrations of $1.5 billion) and was ranked 1st for both quarterly and annual net inflows. The company's Platform segment revenue grew 29% to $154.2 million, and Underlying EBITDA increased 39% to $66.7 million. The Tech Solutions segment also performed well, with revenue up 9% to $38.0 million and Underlying EBITDA up 37% to $13.8 million. HUB24 was awarded Best Platform Overall, Best Platform Managed Accounts Functionality, and several other awards, recognizing the company's continued investment in innovation and productivity-enhancing capabilities. Given the strong performance and a pipeline of opportunities, the company has upgraded its FY26 Platform FUA target to a range of $123 billion to $135 billion (from $115 billion to $123 billion).

The company expects strong growth and increasing profitability moving forward, subject to consistent and stable investment markets and HUB24 terms of business that may affect platform FUA and revenue.

HUB24 CEO Andrew Alcock commented that the company has significant opportunities from existing and new customers across the Group and will continue to drive industry transformation while enhancing value for customers and shareholders by leveraging its unique Group capabilities.