HUB24 1HFY25 Investor Presentation
Stock | HUB24 Ltd (HUB.ASX) |
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Release Time | 18 Feb 2025, 7:53 a.m. |
Price Sensitive | Yes |
HUB24 1HFY25 Investor Presentation
- Record half-year platform net inflows of $9.5 billion
- HUB24 Super selected as successor fund for ClearView WealthFoundations, with FUA to migrate to Discover
- Building advocacy and leveraging group relationships with additional myprosperity enterprise agreements
HUB24 has reported strong 1HFY25 results, with record platform net inflows of $9.5 billion, up 31% on the prior corresponding period. The company's platform FUA grew 36% to $98.9 billion, with 66% of the growth driven by net inflows and 34% by market performance. HUB24 Super has been selected as the successor fund for ClearView WealthFoundations, with up to $1.3 billion of FUA planned to be migrated to Discover on HUB24 Super in 2HFY25. The company continues to build advocacy and leverage group relationships, with additional myprosperity enterprise agreements. Other highlights include growth in companies on NowInfinity's Corporate Messenger, a strategic alliance with Reach Alternatives to broaden access to alternative investments, and continued enhancements to the HUB24 platform. HUB24 has also been recognized for innovation, customer service and product leadership, with numerous #1 rankings across various industry reports. The company's Tech Solutions and myprosperity businesses are also delivering consistent growth, with increased engagement and usage as their value proposition resonates with financial professionals.
HUB24 reported Underlying EBITDA of $77.6 million for 1HFY25, up 41% on the prior corresponding period. Underlying NPAT was $42.6 million, up 40%. The company declared a fully franked interim dividend of 24.0 cents per share, up 30%.
HUB24 continues to invest in innovation, technology, and its people and culture to support future growth. The company is leveraging its market-leading position, strong relationships, and growth across its businesses to drive further shareholder value.