Praemium Reports 29% Higher Funds Under Administration in December 2024 Quarter, Shares Jump 12%

MT Newswires Live

01-23

Praemium (ASX:PPS) reported that its total funds under administration of A$62.1 billion in the December 2024 quarter, rising 29% from the AU$48.3 billion it reported in the same quarter the prior year, according to a Thursday Australian bourse filing.

It reported net inflows of AU$371 million in the period, compared with net outflows of AU$175 million, in the year-ago period.

Net platform inflows for the quarter to Dec. 31, 2024, were augmented by AU$784 million in positive market movement, the filing added.

The firm's shares jumped 12% in early trading on Thursday.

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