• Record Total Australian FUA up 12% to $64.3 billion
• Platform FUA up 9% to $30.7 billion
• Spectrum net inflows of $339 million

Praemium has reported its funds and flows for the quarter ended 30 June 2025. Total funds under administration (FUA) reached a record $64.3 billion, up 12% from the prior year. The company's platform FUA grew 9% to $30.7 billion, driven by strong net inflows of $339 million into the Spectrum product. The Praemium SMA scheme, the company's cornerstone product, achieved quarterly net inflows of $64 million. Powerwrap experienced outflows, with gross outflows from transitioning advisers totaling just over $0.7 billion for the year to June 2025. The OneVue acquisition added $4.1 billion in FUA, which has since decreased to $2.0 billion following the transfer of $1.7 billion to Praemium's growth products. The company's Scope+ non-custodial Portfolio Administration and Reporting Service grew 15% to $33.6 billion. Praemium remains confident in its growth prospects and sees positive indications that its gross inflows can increase over time, despite the impact of the relatively high gross outflows over the past two financial years.

Praemium remains confident in its growth prospects and sees positive indications that its gross inflows can increase over time. The company expects more of its gross inflows to translate into net flows than has been the case recently.