Hub24 shares soar as quarterly inflows top estimates
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More news: Hub24 shares rocketed in early trading after the investment platform reported fourth-quarter net inflows of $5.3 billion, beating market estimates.
Shares were up 6.4% to $100.58 at 11am AEST, having more than doubled in value over the last 12 months.
RBC Capital Markets’ analyst Jack Lynch said Q4 net inflows were 9% ahead of consensus expectations.
He attributed this to larger-than-expected transition flows from Equity Trustees, which amounted to $1.2 billion.
Hub24 hits record $19.8b inflows as FUA jumps 30%
The news: Investment platform Hub24 has reported a 30% uptick in funds under administration (FUA) for the 2025 financial year after securing record annual platform net inflows of $19.8 billion.
The numbers: Total FUA reached $136.4 billion at 30 June, up 30% year on year, boosted by a 25% increase in annual net inflows which totalled $19.8 billion.
Platform FUA increased 10% over the fourth quarter to $112.7 billion. Net inflows were up 7% year on year to $5.3 billion, including $1.2 billion from the Equity Trustees migration program.
The context: Hub24 said its record year for net inflows reflected the company's market leadership, strong customer relationships and ability to execute large, complex migrations.
What they said: "Operating in structurally growing markets driven by demographic trends and compulsory superannuation, Hub24 is well positioned for continued growth, supported by a strong pipeline of opportunities from new and existing relationships," the company said.
The source: ASX
