Highlights

  • HUB24 reported FY26 total Revenue of A$501.1 million and underlying EBITDA of A$211.4 million.
  • Platform funds under administration reached A$139.5 billion at 30 June 2026, supported by A$18.9 billion of net inflows.
  • The company continued to expand adviser relationships, licensee agreements and technology-led services during FY26.
  • Management is targeting further platform scale through FY28 while progressing product and Superannuation initiatives.

HUB24 Limited (ASX:HUB) provides Investment and superannuation platform services together with software and technology solutions used by financial advisers and related professionals. Its FY26 result showed continued expansion in funds under administration, adviser participation and group earnings, while management outlined further product development and platform growth objectives for the years ahead.

FY26 Earnings Reflected Higher Platform Activity

For the year ended 30 June 2026, HUB24 (ASX:HUB) reported total revenue of A$501.1 million. Group underlying EBITDA was A$211.4 million, while underlying net profit after tax was A$137.3 million. Statutory net profit after tax was A$120.2 million. The company also declared a final fully Franked Dividend of 42.0 cents per share, taking total FY26 dividends to 78.0 cents per share.

Platform Funds and Net Inflows Continued to Expand

Platform funds under administration reached A$139.5 billion at 30 June 2026, while total funds under administration, including PARS, were A$164.3 billion. HUB24 recorded A$18.9 billion of platform net inflows during FY26. By 13 August 2026, platform FUA had increased further to A$144.1 billion. Active advisers reached 5,649 and the company signed 148 new licensee agreements during the year, broadening the distribution base supporting future flows.

Platform and Technology Businesses Remain Complementary

HUB24 (ASX:HUB) generated A$406.9 million of platform revenue in FY26, while Tech Solutions revenue was A$84.0 million. Platform underlying EBITDA was A$186.7 million and Tech Solutions underlying EBITDA was A$29.3 million. The model combines administration fees linked to client balances with software and data services for advisers and accountants. This mix gives the group exposure to both asset-based platform activity and technology-led service revenue.

FY28 Platform Target Frames the Expansion Plan

Management has set a FY28 platform FUA target of A$186 billion to A$200 billion, excluding PARS. HUB24 (ASX:HUB) has also been progressing its myhub ecosystem and the proposed Acquisition of the Trustee of the HUB24 Super Fund, subject to relevant approvals. These initiatives are intended to broaden the company’s product set and deepen relationships across advisers, clients and administration services as the platform scales.

Execution, Markets and Competition Remain Key Variables

The company’s revenue is influenced by both net inflows and financial market movements because platform fees are linked to client balances. Competition across Australian Wealth platforms may also affect pricing, adviser retention and new Business wins. HUB24 is continuing to invest in technology and product development, so the balance between revenue growth and operating expenditure will remain relevant as management pursues its medium-term FUA objectives.

Key Insights

HUB24 (ASX:HUB) entered FY27 with a larger platform asset base, higher adviser participation and an expanded earnings base following FY26. Future progress will depend on sustaining net inflows, executing planned product initiatives, securing required approvals and maintaining operating discipline while the business scales. The FY28 platform FUA target provides a measurable benchmark for assessing that progress over the medium term.