HUB24 maintains profit momentum – Financial | Australian Markets
HUB24 Limited has continued to claim its growth agenda, asserting a 68% increase in statutory internet profit after tax to $79.5 million on the back of report annual platform internet inflows of $19.8 billion.
Announcing its full-yr outcomes to the Australian Securities Exchange (ASX), the company stated whole income for the period was up 24% to $406.6 million pushed by robust growth within the Platform phase and constant income growth in Tech Solutions.
It reported underlying group EBITDA of $162.4 million which was up 38% over FY24.
The administrators declared a last totally franked dividend of 32 cents per share.
The full-yr announcement famous that the quantity of financial advisers utilizing the platform had elevated by 13% to five,097 with 143 new distribution agreements being signed.
The company stated it’s uniquely positioned with mixed Group capabilities to capitalise on rising alternatives and lead the wealth industry because the best supplier of built-in platform, information and technology options.
It stated based mostly on expectations of ongoing robust internet inflows onto the HUB24 Platform, the company is now concentrating on a Platform FUA vary of $148 billion to $168 billion for FY27 excluding Portfolio Administration and Reporting Service (PARS) FUA
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