Hub24 Ltd
ASX:HUB
Hub24 Ltd
In the financial services landscape, Hub24 Ltd stands out as a prominent player, offering an innovative investment and superannuation platform that has become essential for financial advisers and their clients. Founded in Australia, Hub24 has carved out a niche by streamlining the complex process of managing diversified investment portfolios. The company operates an integrated platform that amalgamates various financial services, facilitating seamless portfolio administration while enhancing transparency and control for users. Hub24’s platform enables financial advisers to create tailored investment solutions, leveraging the benefits of technology to provide a personalized experience for end clients. This client-centric approach has positioned Hub24 as a pivotal partner in optimizing financial outcomes for investors.
At its core, Hub24 generates revenue through a fee-based model, collecting platform administration fees from users. These fees are tiered based on the level of assets under management, yielding a scalable income stream that grows commensurately with customer investments. Additionally, the company benefits from various ancillary fees related to transaction processing and custodial services. By continuously investing in platform enhancements and expanding its product offerings, Hub24 not only retains its existing clientele but also attracts new business, thus ensuring a steady flow of revenue. Its strategic focus on innovation and service efficiency ensures that Hub24 remains competitive in the ever-evolving financial services sector, blending cutting-edge technology with a keen understanding of market dynamics.
In the financial services landscape, Hub24 Ltd stands out as a prominent player, offering an innovative investment and superannuation platform that has become essential for financial advisers and their clients. Founded in Australia, Hub24 has carved out a niche by streamlining the complex process of managing diversified investment portfolios. The company operates an integrated platform that amalgamates various financial services, facilitating seamless portfolio administration while enhancing transparency and control for users. Hub24’s platform enables financial advisers to create tailored investment solutions, leveraging the benefits of technology to provide a personalized experience for end clients. This client-centric approach has positioned Hub24 as a pivotal partner in optimizing financial outcomes for investors.
At its core, Hub24 generates revenue through a fee-based model, collecting platform administration fees from users. These fees are tiered based on the level of assets under management, yielding a scalable income stream that grows commensurately with customer investments. Additionally, the company benefits from various ancillary fees related to transaction processing and custodial services. By continuously investing in platform enhancements and expanding its product offerings, Hub24 not only retains its existing clientele but also attracts new business, thus ensuring a steady flow of revenue. Its strategic focus on innovation and service efficiency ensures that Hub24 remains competitive in the ever-evolving financial services sector, blending cutting-edge technology with a keen understanding of market dynamics.
Record Flows: HUB24 delivered record net inflows of $15.8 billion for FY24, with strong organic growth and large client transitions.
Revenue & Profit Growth: Group revenue rose 17% to $327 million, underlying NPAT increased 15% to $67.8 million, and statutory NPAT jumped 24% to $47.2 million.
Platform Strength: Platform Funds Under Administration (FUA) reached $104.7 billion, up 30% year-on-year, with ongoing momentum into FY25.
Margin & Operating Leverage: Underlying EBITDA margin declined slightly to 36.1% due to deposit spread changes and tech investments, but platform margins remain strong and operating leverage is improving.
Dividend Growth: Final dividend up 5% to $0.195 per share; full-year dividend rose 17% to $0.38 per share.
Guidance: FY26 custodial/platform FUA target set at $115–123 billion, with net flows expected to exceed $11 billion per year, excluding large migrations.
Strategic Progress: Continued investment in tech, automation, cybersecurity, and launch of new products like myprosperity and retirement solutions; well-positioned for industry trends and adviser demand.
