BUZZ-Australia's Hub24 soars to all-time high on record inflows, outlook hike

Reuters

02-18

BUZZ-Australia's Hub24 soars to all-time high on record inflows, outlook hike

** Shares of Australian investment platform business Hub24 Ltd HUB.AX rise 11.9% to their all-time high of A$91.01 per share

** HUB top gainer in the ASX200 benchmark index .AXJO

** HUB reports record 1H25 platform net inflows of A$9.5 billion ($6.03 billion) - first overall quarterly and annual net inflows

** Upgrades FY26 platform funds under administration (FUA) target to between A$123 and A$135 billion, from previous target of A$115 billion to A$123 billion

** Platforms FUA represents its portfolio of total value of assets that it manages for clients

** Underlying net profit after tax (NPAT) of A$42.6 million, slightly below A$42.9 million

** HUB up 27.5% this year, including the day's move

($1 = 1.5748 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))

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