Australia's Hub24 hits record high as funds under administration jump

Hub24

15/07/2025 03:13

Updates

** Shares of Hub24 HUB.AX rise as much as 8.6% to a record high of A$102.66

** Stock marks its biggest intraday pct gain since April 10

** Data solutions provider reports total funds under administration of A$136.4 billion ($89.33 billion) as at June end, up 30% on prior corresponding period

** Also logs Q4 platform net inflows of A$5.3 billion, 9% ahead of Citi's forecasts

** Citi says larger-than-expected migration from trustee services provider Equity Trustees was the key driver behind flow beat

** Stock up 43.3% YTD, including the day's moves

($1 = 1.5270 Australian dollars)

 (Reporting by Roshan Thomas and Nikita Maria Jino in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))