Views Expressed Disclaimer:
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research.

Highlights

  • HUB24 Ltd reports 1HFY26 profit growth and lifts FY27 Platform FUA target.
  • Delivers record platform net inflows and expands market share position.
  • Declares higher fully franked interim dividend for April 2026 payment.
  • Group revenue rises on platform and technology segment contribution.
  • EBITDA margin improves as scale supports operating performance.

HUB24 Limited (ASX:HUB) saw its share price rise 13.83% to AUD 98.17 on 19 February 2026, following the release of its 1HFY26 results that showed higher earnings, record platform inflows and an upgraded FY27 Platform Funds Under Administration (FUA) target. The financial update coincided with the intraday stock surge as investors reacted to profit growth, margin expansion and revised long-term platform guidance.

Profit and revenue climb in first half

Group underlying EBITDA increased 35% year on year to AUD 104.9 million, while underlying NPAT rose 60% to AUD 68.3 million. Statutory NPAT reached AUD 59.7 million, up 80% on the prior corresponding period. Underlying diluted EPS climbed 63% to 82.9 cents per share.

Total revenue grew 26% to AUD 245.9 million, driven by higher platform segment income and continued growth in technology solutions. Operating expenses increased 20% to AUD 141.0 million, reflecting investment in technology, operations and workforce to support scale and inflows. The underlying EBITDA margin expanded to 42.7%.

Record inflows lift platform scale

Total FUA reached AUD 152.3 billion at 31 December 2025, with platform FUA at AUD 127.9 billion and AUD 129.8 billion as at 16 February 2026. Platform net inflows for the half were a record AUD 10.7 billion.

The platform ranked first for quarterly and annual net inflows for an eighth consecutive quarter and moved to the sixth-largest position in the market, with share rising to 9.3%. Adviser numbers increased to 5,277 and 75 new licensee agreements were signed.

Technology segment maintains momentum

Tech Solutions revenue rose 10% to AUD 41.9 million, while underlying EBITDA increased 2% to AUD 14.1 million. Growth in Class accounts accelerated, and the NowInfinity business expanded its administered company base. Development of new functionality and a client portal continued during the period.

Dividend and outlook support momentum

The board declared a fully franked interim dividend of 36.0 cents per share, up 50% year on year, payable on 21 April 2026.

The FY27 platform FUA target was lifted to a range of AUD 160 billion to AUD 170 billion, reflecting the inflow pipeline and first-half growth trajectory.

FAQs
1. Why did HUB24 shares rise on 19 February 2026?
The stock moved higher after the company reported profit growth, record inflows and an upgraded FY27 platform FUA target.
2. What were the key earnings figures for 1HFY26?
Underlying EBITDA was AUD 104.9 million and underlying NPAT was AUD 68.3 million.
3. What dividend did HUB24 declare?
A fully franked interim dividend of 36.0 cents per share, payable in April 2026.