Praemium profits from strategy execution | Australian Markets
Platform company Praemium has delivered a 55% increase in full yr statutory internet revenue after tax to $13.6 million on the back of value containment and the substantial integration of the OneVue business.
Announcing the outcome to the Australian Securities Exchange, Praemium chief government, Anthony Wamsteker stated FY25 had been a pivotal yr for the company marked by disciplined execution on strategy that delivered sturdy operational and financial progress.
“We’ve scaled efficiently, with EBITDA growth outpacing revenue and a 130 basis point uplift in margin, clear evidence of the leverage in our model,” he stated.
Wamsteker stated the company’s management within the high-net-worth section continues to construct momentum, underpinned by important consumer wins throughout Spectrum, SMA and Scope+.
“With the successful integration of OneVue well underway and continued investment in innovation, Praemium is exceptionally well positioned to capture the long-term growth opportunity in the Australian market and deliver sustained value to shareholders,” he stated.
Praemium acquired the OneVue platform business from Iress in February final yr.
The company’s announcement stated that income from contracts with prospects of $103 million for the yr was up 25% in comparison with $82.7 million for the yr to 30 June, 2024 with the increase derived from increased platform funds below administration (FUA) – $30.7 billion in comparison with $28.1 billion).
The administrators introduced a dividend of 1.25 cents per share totally ranked.
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