HUB24 Q3 FY25 Market Update

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Stock HUB24 Ltd (HUB.ASX)
Release Time 15 Apr 2025, 8:25 a.m.
Price Sensitive Yes
 HUB24 Q3 FY25 Market Update
Key Points
  • Record Q3 Platform net inflows of $4.9 billion
  • Total Funds Under Administration (FUA) reached $124.1 billion
  • HUB24 Platform ranked first for quarterly and annual net inflows
Full Summary

HUB24 Limited reported strong results for Q3 FY25, with record Platform net inflows of $4.9 billion, up 39% on the prior corresponding period (pcp). Total Funds Under Administration (FUA) reached $124.1 billion as at 31 March 2025, up 24% on pcp, comprising Platform FUA of $102.5 billion (up 29% on pcp) and Portfolio, Administration and Reporting Services (PARS) FUA of $21.6 billion (up 6% on pcp). HUB24 Platform was ranked first for quarterly and annual net inflows, and the company was awarded Best Overall Platform, Best Platform Managed Accounts Functionality, Best Product Offering, Best Online Business Management, Best Decision Support Tools, and Most Improved Platform in the Investment Trends Platform Competitive Analysis and Benchmarking Report. HUB24 Discover was significantly enhanced with five new portfolio managers added in April, and Class achieved its largest quarterly increase in accounts in over six years. The company continues to invest in delivering innovative products and solutions, and is well-positioned to capitalize on strong demand for financial advice.

Guidance

Recent market volatility has the potential to impact FUA, which is not fully correlated to equity markets due to the mix of client assets and trading behaviour on the platform. However, the company's business is resilient and operates in structurally growing markets, with a strong pipeline of opportunities.

Outlook

The company is confident in its growth outlook, driven by its innovative, market-leading products and solutions, customer service excellence, and customer relationships.