• 32% revenue growth, 43% underlying EBITDA increase
• No. 1 platform in 2 categories in 2024 Investment Trends Report
• Spectrum launch captures $69m in Q2 FY25, SMA FUA up 20% over 5 years

Praemium Ltd reported a strong set of H1 FY2025 results, with revenue and other income up 32% and underlying EBITDA increasing by 43%. The company maintained its market-leading position, being ranked No. 1 in 2 key categories and No. 3 overall in the 2024 Investment Trends Report. Key highlights included the successful launch of Spectrum, which captured $69m in Q2 FY25, and continued growth in the higher-margin SMA solution, which now stands at $12.5b and has achieved a 20% 5-year CAGR. The company also saw Powerwrap return to positive net flows. Praemium continued to execute on its strategic priorities, with progress made on product enhancements, operational improvements, and stakeholder engagement. The integration of the OneVue acquisition is tracking to plan, with the first earn-out statement issued and no amount owed. The company maintains a strong balance sheet to fund future growth, with a focus on license rationalisation. Looking ahead, Praemium is focused on realising the potential of its Spectrum, Scope, and Scope+ solutions, further developing its leadership position in alternative assets, and completing the full integration of OneVue to achieve greater scale and profitability.

Praemium expects to deliver continued growth in revenue and underlying EBITDA in FY2025, driven by the successful integration of OneVue, the ongoing development of its market-leading solutions, and the realisation of synergies.

Praemium is well-positioned to capitalise on the growing demand for sophisticated wealth management solutions, with a focus on expanding its market share in the HNW advice segment through its comprehensive Spectrum, Scope, and Scope+ offerings. The company is also targeting greater scale to support ongoing investment in technology and a gradual increase in profit margins.