Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • HUB24 reported Underlying Group EBITDA of AUD 162.4 million in FY25, an increase of 38% compared with FY24.

  • Statutory NPAT was AUD 79.5 million, up 68% on FY24, while Underlying NPAT rose 44% to AUD 97.8 million.

  • Total Funds Under Administration (FUA) reached AUD 136.4 billion, a 30% increase year-on-year.

HUB24 Limited (ASX:HUB) has announced its financial results for the year ended 30 June 2025, reporting record earnings and growth across its business segments.

The company delivered Underlying Group EBITDA of AUD 162.4 million, an increase of 38% compared with FY24. Underlying Platform EBITDA rose 39% to AUD 142.9 million, while Underlying Tech Solutions EBITDA increased 23% to AUD 27.2 million. Statutory NPAT was AUD 79.5 million, up 68% on FY24, and Underlying NPAT reached AUD 97.8 million, representing a 44% increase.

A fully franked final dividend of 32 cents per share has been declared, to be paid on 14 October 2025. This brings the total dividend for FY25 to 56 cents per share, fully franked, up 47% compared with FY24.

Funds Under Administration Growth

Total FUA stood at AUD 136.4 billion at the end of FY25, a 30% increase compared with FY24. Platform FUA reached AUD 112.7 billion, up 34% year-on-year, and stood at AUD 118.0 billion as at 14 August 2025. Portfolio, Administration and Reporting Services (PARS) FUA increased 16% to AUD 23.7 billion.

The HUB24 Platform achieved record annual net inflows of AUD 19.8 billion, up 25% from FY24, including AUD 4.0 billion from large migrations. The Platform ranked first for both quarterly and annual net inflows for six consecutive quarters and increased market share to 8.7% as at 31 March 2025, up from 7.2% a year earlier.

The number of active advisers using the HUB24 Platform grew to 5,097 during FY25, an increase of 13%, with 143 new distribution agreements signed.

Revenue and Expenses

Total revenue for FY25 was AUD 406.6 million, up 24% compared with FY24, driven by growth in both the Platform and Tech Solutions segments. Platform segment revenue was AUD 323.3 million, up 28% on the prior year, while Tech Solutions revenue increased 9% to AUD 77.1 million.

Operating expenses rose 17% to AUD 244.2 million, primarily reflecting higher employment-related costs from ongoing investment in technology and operations, and variable expenses linked to increased FUA. The Underlying EBITDA margin expanded to 39.9%, compared with 36.1% in FY24.

Business Developments

During FY25, HUB24 introduced several new solutions and platform enhancements, including updates to advice fee consent processes, expanded client cash management capabilities, the launch of Engage reporting, and the release of HUB24 Private Invest. The company also formed an alliance with Reach Alternative Investments to provide access to private markets and continued investment in its subsidiary, myprosperity.

In the Tech Solutions segment, Class and NowInfinity delivered new functionality for accountants and auditors, including enhanced document management, expanded integrations with property data providers, and AI-powered automation features.

Outlook

Looking ahead, HUB24 is targeting Platform FUA in the range of AUD 148 billion to AUD 162 billion by FY27, excluding PARS FUA.