• Total Funds Under Administration (FUA) up 18% YoY to $73.7 billion
• Technology function restructured following merger with Technotia
• Spectrum continued exceptional growth with $502 million in quarterly net flows

Praemium Ltd has reported its funds and flows for the quarter ended 31 March 2026. Total Funds Under Administration (FUA) grew 18% year-over-year to $73.7 billion, with Platform FUA up 7% to $32.2 billion including quarterly net flows of $598 million. Scope+ Non-custodial Portfolio Administration FUA grew 28% to $41.5 billion, with portfolios up 27% to 11,969. The merger with Technotia is progressing well, strengthening Praemium's ability to accelerate automation, simplify workflows and deliver a faster and more intuitive user experience. The technology division restructure has been finalised in Australia, with closure of the Armenian operations expected in Q4 FY26. Praemium is on track to reduce the annual technology salary cost base, excluding incentives, by approximately $9 million on a run-rate basis. Spectrum continued its exceptional growth, recording quarterly net flows of $502 million and growing FUA to $4.0 billion. Praemium continues to execute its strategic priorities, with a focus on targeted investment to support long-term growth, cost discipline and consistent operating performance.

Praemium CEO Anthony Wamsteker commented that the integration of Technotia and the technology function, including the recent restructure, is expected to deliver better performance at a significantly lower cost. Together with sustained HNW adviser engagement, Praemium has a clear pathway to improved financial and operating leverage into FY27.