Half Yearly Report and Accounts

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Stock Praemium Ltd (PPS.ASX)
Release Time 23 Feb 2026, 8:48 a.m.
Price Sensitive Yes
 Praemium Delivers Solid Half Year Results
Key Points
  • Total Funds Under Administration (FUA) up 13.7% to $70.5 billion
  • Revenue from contracts with customers up 7.9% to $56.0 million
  • Underlying EBITDA up 17.9% to $15.2 million
Full Summary

Praemium Ltd delivered a solid performance in the first half of the 2026 financial year, reflecting the effectiveness of the Group's strategic focus on the high-net-worth segment and continued growth momentum across its core solutions. Total funds under administration (FUA) rose 9.6% to $70.5 billion, with platform FUA up 6.1% to $32.5 billion and non-custodial Scope+ FUA up 12.8% to $37.9 billion. The newly launched Spectrum IDPS achieved $1.0 billion of new business inflows within its first 10 months. The OneVue transition was successfully completed in December 2025, with the final transfers to the Praemium platform. Praemium retained its No. 3 overall platform ranking in the Investment Trends Platform Competitive Analysis and Benchmarking Report for the sixth year running. Revenue from contracts with customers of $56.0 million was up 5.3%, and underlying EBITDA of $15.2 million was up 17.9%, with an underlying EBITDA margin of 27.1%. The Group continued to invest in technology innovation, with $7.8 million of capitalised research and development added to the balance sheet.

Guidance

For the full 2026 financial year, Praemium expects to deliver revenue growth of 5-7% and underlying EBITDA growth of 15-20% compared to the prior year.

Outlook

Praemium remains focused on its strategic priorities of growing its presence in the high-net-worth segment, driving innovation across its platform and solutions, and delivering enhanced outcomes for its clients. The company is well-positioned to continue its strong growth trajectory in the second half of the 2026 financial year.