HUB24 (ASX:HUB) Delivers Strong FY26 Profit Growth as Platform Assets Expand Further

Aditi Sarkar

06 November 2026 10:34 PM AEDT

HUB24 (ASX:HUB) Delivers Strong FY26 Profit Growth as Platform Assets Expand Further

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Highlights

HUB24 reported FY26 underlying net profit after tax of AUD 137.3 million, up 40%, alongside increased platform fee income overall.
Total funds under administration reached AUD 164.3 billion, including platform funds of AUD 139.5 billion, growing 24% during FY26 overall.
Platform net inflows reached AUD 18.9 billion, supporting HUB24’s leading net flow position for ten consecutive quarters in the market.
The company increased its full year Dividend 39% to 78 cents per share as underlying EBITDA reached AUD 211.4 million.

HUB24 Limited delivered a record financial year in FY26, with underlying net profit after tax (NPAT) rising 40% to $137.3 million and statutory NPAT up 51% to $120.2 million. The result, released on 18 August 2026, underscored the company's strengthening position as a leading independent Wealth Management platform provider, with every key metric surpassing prior year highs.

Record Revenue and Profitability

Total revenue grew 23% to $501.1 million in FY26. Platform revenue, which forms the core of HUB24's business, rose 26% to $406.9 million as rising FUA and improved fee margins translated into significantly higher income. Tech Solutions revenue contributed $84.0 million, up 9%, reflecting Demand across HUB24's broader product suite. Underlying EBITDA reached $211.4 million, a 30% improvement, while underlying NPAT of $137.3 million represented the best annual profit in the company's history.

Platform FUA and Market Share Gains

HUB24's platform funds under administration (FUA) rose 24% to $139.5 billion by 30 June 2026. Including PARS (Portfolio Administration and Reporting Service) FUA of $24.8 billion, total group FUA reached $164.3 billion, up 20% year-on-year. The platform generated net inflows of $18.9 billion for the year — a 20% increase excluding one-off migration effects — cementing HUB24's status as the top platform for net flows for ten consecutive quarters. Market share expanded from 8.6% to 9.9%, a meaningful gain in a highly competitive sector.

Dividend and Capital Management

Reflecting confidence in its sustained Earnings power, HUB24's board declared a final dividend of 42.0 cents per share, fully franked, bringing the full-year dividend to 78.0 cents per share — an increase of 39% on FY25. The Payout Ratio remained disciplined relative to underlying earnings, while the company continued to invest in its platform capabilities and technology infrastructure.

Outlook

HUB24 enters FY27 with strong momentum across its platform and technology divisions. Management has indicated continued Investment in product development and adviser services, with platform FUA growth expected to remain above industry averages. The company's ten-quarter streak at the top of net flow rankings, combined with an expanding market share base, positions HUB24 as a structural beneficiary of ongoing adviser platform consolidation trends across the Australian wealth management industry.

Stock Price Information

On 6 November 2026, HUB24 (ASX:HUB) shares recorded a change in price. For current pricing, refer to the ASX website or your broker platform.

FAQs

Q: What drove HUB24's 40% NPAT growth in FY26?

A: HUB24's underlying NPAT rose 40% to $137.3 million in FY26, driven by a 23% increase in total revenue to $501.1 million. Platform revenue grew 26% to $406.9 million as FUA expanded 24% to $139.5 billion and net inflows hit a record $18.9 billion. High operating leverage amplified revenue growth into profit growth, with underlying EBITDA rising 30% to $211.4 million.

Q: How large is HUB24's platform market share?

A: At 30 June 2026, HUB24 held a 9.9% share of the Australian platform market, up from 8.6% a year earlier. The company led all platforms in net inflows for ten consecutive quarters, with $18.9 billion of net inflows received during FY26.

Q: What dividend did HUB24 pay for FY26?

A: HUB24 declared a full-year FY26 dividend of 78.0 cents per share, fully franked — comprising a final dividend of 42.0 cents and an interim of 36.0 cents. This represented a 39% increase on the prior year dividend.

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