• Record quarterly Platform net inflows of $5.5 billion (up 23% on pcp)
• Record 1HFY25 Platform net inflows of $9.5 billion (up 31% on pcp)
• Total Funds Under Administration (FUA) reached $120.9 billion as at 31 December 2024 (up 33% on pcp)

HUB24 has delivered strong growth in Q2 FY25, with Platform FUA increasing 8% over the quarter to $98.9 billion as at 31 December 2024 (up 36% on pcp). This was driven by record quarterly net inflows of $5.5 billion (up 23% on pcp) and positive market movements of $1.8 billion. The net inflows included $1.5 billion of large migrations from EQT. Excluding large migrations, net inflows of $4.0 billion for Q2 FY25 were up 47% on pcp, broadly in line with the net inflows in Q1 FY25. During the quarter, 40 new distribution agreements were signed and the total number of advisers using the platform increased by 166 to 4,886 (up 14% on pcp). In the latest available Plan for Life data, HUB24 ranked first for quarterly and annual net inflows and had the largest annual market share gains of all platform providers. HUB24's market share increased to 7.9% (up from 6.6% as at 30 September 2023) and is ranked in seventh place overall. The half year net inflows of $9.5 billion reflect HUB24's continued market leadership and focus on delivering customer service excellence. HUB24's proposition continues to resonate with licensees and advisers with the business uniquely positioned to capture opportunities from new and existing client relationships. The strong net inflows and market movements in 1HFY25 are tracking ahead of our FY26 FUA target assumptions. With a strong pipeline and momentum across all customer segments, we remain confident in meeting our FY26 Platform FUA target of $115 - $123 billion and are well-positioned for future growth.

The company expects strong growth and increasing profitability moving forward subject to consistent and stable investment markets and HUB24 terms of business that may affect platform FUA and revenue.