• Strategy progress across product, operations, and inorganic initiatives
• FUA and net flows for key platforms including Spectrum, SMA, Powerwrap, and OneVue
• Non-custodial FUA and portfolio growth for Scope+ service

Praemium Ltd has released its Q3 FY2025 update, providing an overview of the company's strategic progress and financial performance. The key highlights include:Strategy progress: The company is advancing its product roadmap, with an upgrade to the Mobile App underway and the development of Spectrum white labels to support new business wins. On the operations front, Praemium has seen significant improvements with its current administration provider, completed a trustee review of administration options, and is expanding its in-house administration capability. Inorganically, the focus is on completing the OneVue integration within budget and timeframe, while remaining vigilant on opportunities but prepared for a disciplined approach.FUA and net flows: Praemium's total FUA stood at $62.4 billion as of Q3 FY2025, down 0.3% from December 2024. The Spectrum platform saw a 615% increase in FUA to $513 million, with an encouraging sales pipeline. However, the SMA, Powerwrap, and OneVue platforms experienced declines of 1%, 2%, and 5%, respectively. Net inflows across the platforms totaled $364 million, down $7 million from the previous quarter.Non-custodial services: Praemium's Scope+ FUA increased by 1% to $32.3 billion, while the number of Scope+ portfolios grew by 39 to 9,455. The Scope service saw a decrease of 806 portfolios to 65,706, primarily due to service rationalization for low-balance accounts at a major client. However, the company added 6 new advice groups during the quarter.The announcement provides detailed tables with platform-level data on portfolios, quarterly flows, and FUA movements, offering a comprehensive view of Praemium's performance across its business units.

Praemium Ltd did not provide any high-importance, price-sensitive forward-looking financial metrics in the Q3 FY2025 update.