Australia's Hub24 sinks as Q3 net inflows misses forecast

Hub24

21/04/2026 02:05

** Shares of Hub24 HUB.AX slide as much as 4.94% to A$90.730, marking their steepest intraday decline since April 9

** Superannuation platform provider's stock top loser on the benchmark ASX200 .AXJO, which is down 0.3%

** HUB flags Q3 net inflows of A$4  bln ($2.87 billion), falling 8% short of Citi estimates

** Funds under administration as at March-end of A$127.8  bln also undershoots forecasts by 2%

** Citi attributes net flow shortfall to softer inflows compounded by one‑off institutional outflow

** Brokerage cautions share price could face near‑term downside on the net flow miss, but expects earnings downgrades to remain contained as lower revenues are partly cushioned by reduced costs

** YTD, HUB has fallen 6.3%, lagging AXJO's 2.6% advance

($1 = 1.3941 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))