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

Reuters

Feb 18, 2025

** 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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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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}