• Revenue and other income increased 32% to $52.3 million
• Profit after tax increased 45% to $5.8 million
• Platform funds under administration (FUA) grew 8% to $62.1 billion

Praemium Limited, a leading provider of portfolio administration, investment platforms, and financial planning tools, has reported a strong financial performance for the half year ended 31 December 2024. Revenue and other income increased by 32% to $52.3 million, driven by higher average Platform FUA and growth in non-custodial portfolios. Profit after tax increased by 45% to $5.8 million, with underlying EBITDA up 43% to $12.9 million. The company's platform FUA grew 8% to $62.1 billion, with net inflows of $510 million and positive market movements of $1.6 billion. Praemium continued to excel in the Investment Trends 2025 Platform Competitive Analysis and Benchmarking Report, ranking third overall and achieving top rankings in 18 sub-categories. The company also launched a new Investor Directed Portfolio Services (IDPS) solution, Spectrum, in October 2024, which contributed $69 million in net inflows during the half year. Praemium's balance sheet remains strong, with net assets of $108 million at 31 December 2024.

Praemium reported a 33% increase in revenue from contracts with customers to $51.38 million for the half year ended 31 December 2024, compared to the prior comparative period.