Daily Roundup

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Praemium Reports Strong Q4 FY2025 Results

Praemium Ltd has delivered an impressive performance in the fourth quarter of the 2025 financial year. The company reported record total Australian funds under administration (FUA) of $64.3 billion, up 12% from the prior year. This was driven by a 9% increase in platform FUA to $30.7 billion, with strong net inflows of $339 million into the Spectrum product.

Praemium's cornerstone Separately Managed Accounts (SMA) scheme also saw quarterly net inflows of $64 million. However, the company's Powerwrap platform experienced outflows of $0.7 billion for the full year, as advisers transitioned away from the product. 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.

In the non-custodial segment, Praemium's Scope+ Portfolio Administration and Reporting Service grew 15% to $33.6 billion. The company remains confident in its growth prospects and expects its gross inflows to translate into stronger net flows going forward.

Praemium Provides Q4 FY2025 Update Presentation

Praemium's Q4 FY2025 update presentation highlighted the company's strategic progress, including upgrades to its Investor Portal Mobile App, enhancements to the Adviser Portal, and improvements to API integrations. Operationally, the company has made significant improvements with its current administration provider and is expanding its in-house administration capability.

The company's FUA and net flows showed positive trends, with platform FUA up 2.2%, Spectrum FUA up 364%, SMA FUA up 5%, and Powerwrap FUA up 1%. However, OneVue FUA declined 50% to $2.0 billion. Net inflows, excluding OneVue, were $152 million, with strong inflows in Spectrum and SMA, while Powerwrap had net outflows.

In the non-custodial segment, Scope+ FUA increased by 4%, with the number of Scope and Scope+ portfolios growing, and 5 new advice groups added during the quarter.

Spartan Resources Scheme Becomes Effective

Spartan Resources Limited (ASX: SPR) has announced that its scheme of arrangement with Ramelius Resources Limited (ASX: RMS) has become legally effective. Spartan shares will be suspended from trading, and eligible shareholders will receive the scheme consideration of $0.25 cash and 0.6957 new Ramelius shares per Spartan share on 31 July 2025.

Horizon Oil Reaches Financial Close on Amended Senior Debt Facility

Horizon Oil Limited has reached financial close on an amended senior debt facility with Macquarie Bank. The amended facility increases the available debt for the Mereenie operations to up to A$50 million, provides up to US$15 million to fund the previously announced Thailand acquisition, and makes up to an additional US$10 million available for further development and general corporate purposes.

Credit Clear Reports Strong FY25 Financial Results

Credit Clear Limited (ASX: CCR) has reported strong unaudited financial results for the 2025 financial year, with underlying EBITDA of $7.4 million, exceeding prior guidance. This represents a 76% increase from FY24, driven by a 12% increase in revenue to $46.9 million and a significant improvement in underlying EBITDA margin to ~16%. The company's strategic focus on embedding itself deeper within client operations is translating into real revenue and margin gains, providing a solid foundation for continued growth in FY26.

Microba Life Sciences Delivers Robust Q4 FY25 Results

Microba Life Sciences Limited (ASX: MAP) reported a strong finish to the 2025 financial year, with continued growth and clinical adoption of its core diagnostic tests in Australia and the UK. In Australia, the company saw record quarterly sales for its MetaXplore test, up 88% year-over-year, and breakthrough study results for its MetaPanel product. In the UK, MetaXplore test sales grew 74% quarter-over-quarter following the achievement of full market access. Microba also completed a $14.5 million capital raise to fund its growth strategy and path to regional break-even points in FY26.