Australia · Delayed Price · Currency is AUD Praemium Earnings Call Transcripts
Fiscal Year 2026
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Revenue and EBITDA grew strongly in H1 FY26, driven by platform inflows, disciplined cost management, and technology integration. OneVue and Technotia acquisitions are delivering synergies, with further margin and cash flow improvements expected in FY27.
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FUA grew 14% year-on-year to AUD 70.5 billion, driven by strong inflows in Spectrum and Powerwrap, and the Technotia Labs acquisition enhances development and automation capabilities. The new superannuation platform is expected to expand the addressable market and improve efficiency.
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FUA grew to AUD 67 billion, up 13% year-on-year, with Spectrum and Scope+ driving strong inflows and robust sales pipelines. Elevated CapEx supports AI and automation, while new partnerships and platform enhancements position for further growth.
Fiscal Year 2025
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Record financial results were achieved, with strong platform revenue growth and a fully-franked dividend paid. Strategic initiatives included new product launches and a superannuation system upgrade. All AGM resolutions received strong support, with detailed voting outcomes to be disclosed.
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Strong revenue and EBITDA growth were driven by new platform launches, major client wins, and operational leverage. Integration of OneVue and continued technology investment are expected to support future growth, with risks from client departures offset by a robust pipeline and price increases.
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FUA grew 12% year-over-year to $64.3 billion, driven by strong inflows into Spectrum and major client wins. Outflows from Powerwrap and OneVue are stabilizing, and onboarding of Bell Potter, Euroz, and Morgans is expected to further boost growth.
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Significant progress on OneVue integration and strong Spectrum adoption drove FUA to $30.1B with $364M net inflows. Service excellence, mobile upgrades, and integrated solutions position the business for further market share gains amid ongoing platform migration trends.
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Strong half-year results driven by double-digit revenue growth, improved margins, and successful product launches. OneVue integration and cost synergies are on track, with a robust pipeline and continued investment in technology supporting future growth.
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Platform FUA rose 4% to AUD 30.2 billion, with Spectrum's launch driving strong inflows and a healthy sales pipeline. SMA and Powerwrap segments showed robust net inflows, and total FUA surpassed AUD 60 billion, with management targeting further growth.
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Strong quarterly growth in FUA and net inflows, driven by the launch of Spectrum and improved Powerwrap performance. OneVue integration is on track, with share buybacks prioritized for capital allocation. Departed advisor outflows are expected to subside after one more quarter.
Fiscal Year 2024
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The meeting highlighted strong financial results, the launch of new products, and a successful acquisition, with a new regular dividend announced. All board and executive matters, including director re-elections and CEO performance rights, were put to vote, with results to be released post-meeting.
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EBITDA rose to AUD 21.5 million with strong H2 momentum, revenue grew 11% year-over-year, and assets under administration reached AUD 57.4 billion. The OneVue acquisition and next-gen IDPS launch position the business for continued growth, with disciplined capital management and a positive outlook for FY 2025.
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Strong double-digit growth in FUA and revenue continues, driven by organic expansion and the OneVue acquisition. Powerwrap faces ongoing outflows from advisor departures, while VMaaS and SMA products show robust inflows and market leadership.