Q2 FY2026 Update

• Total Funds Under Administration (FUA) up 14% YoY to $70.5 billion
• Platform FUA up 8% YoY to $32.5 billion driven by organic growth in Spectrum and Powerwrap
• Record number of Scope+ portfolios, up 13% YoY with FUA up 19%

Praemium reports its funds and flows for the quarter to 31 December 2025, with total FUA up 14% to $70.5 billion and platform FUA up 8% to $32.5 billion, including quarterly net inflows of $462 million. Spectrum continued its strong performance, achieving net inflows of $266 million and growing FUA to $3.6 billion, driven by robust demand for the next-generation IDPS solution and increasing traction among high-net-worth advisers. Praemium SMA recorded net inflows of $24 million for the quarter, with FUA reaching $14.6 billion, an 18% increase year-on-year. Powerwrap delivered net inflows of $302 million, its highest quarterly net inflows since the first quarter of the 2022 financial year, with FUA reaching $14.3 billion at 31 December 2025. Scope+ funds under administration grew 19% in the quarter to $37.9 billion, further increasing Praemium's market lead in this segment. The transition of OneVue assets onto the Praemium platform is completed, supporting the long-term goal for platform consolidation and enhanced client outcomes.

Praemium expects a further uplift in its total Scope+ FUA over the coming quarters, with the onboarding of a number of significant Scope+ clients, including Bell Potter, progressing well.

Praemium remains confident in its long-term growth trajectory, with sustained adviser interest, expanding engagement across both custodial and non-custodial platforms, and investment in innovation.