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

Hub24

17/02/2025 23:42

** 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;))