Highlights

  • Praemium Ltd (ASX:PPS) reported FY26 Revenue of $110.5 million, up 5.7% from the restated prior-year figure.
  • Underlying EBITDA rose 14.5% to $32.1 million, while statutory NPAT declined to $6.5 million.
  • Total funds under administration reached $77.9 billion at 30 June 2026, including $34.0 billion of Platform FUA.
  • At the time of writing this article on October 7, 2026, Praemium Ltd (ASX:PPS) was trading at $0.643, up 5.33% during today’s trading session.

At the time of writing this article on October 7, 2026, Praemium Ltd (ASX:PPS) was trading at $0.643, up 5.33% during today’s trading session. Praemium is an Australian wealth-management technology provider offering Investment administration, reporting, managed accounts and superannuation-related solutions to advisers and Wealth managers. Its FY26 results showed higher revenue, underlying Earnings and funds under administration, while statutory profit declined amid acquisition, integration, restructuring and technology-related costs. The company is also progressing a new core technology platform following its Acquisition of Technotia Laboratories in January 2026.

Company Business

Praemium provides digital infrastructure for custody and non-custody portfolio administration. Its services include investment platforms, separately managed accounts, portfolio reporting and Superannuation solutions. The company’s technology gives advisers access to global markets, alternative Assets and more than 350 integrated SMAs, with a strategic focus on advisers serving high-net-worth clients.

Its Operating Activities include Platform and Portfolio Services. Portfolio Services incorporates Scope and Scope+, which support administration and reporting for non-custody assets.

Recent Development

During FY26, Praemium advanced the technology program initiated after the Technotia acquisition. The company is building a new core platform with a modern user interface and said an independent technical review confirmed the underlying design and engineering approach. Phased client deployment is planned to begin in early 2027 and continue through FY27 and the first half of FY28.

Praemium also completed the OneVue transition, reporting $0.7 million of net synergies in FY26. The technology restructure delivered $2.6 million of operating cost savings and $0.5 million of capitalised development cost savings during the year.

Financial Performance and Sector Context

For the year ended 30 June 2026, revenue increased 5.7% to $110.5 million from a restated $104.5 million. Platform revenue rose 6.3% to $88.9 million and Portfolio Services revenue increased 3.4%. Underlying EBITDA advanced 14.5% to $32.1 million, with the underlying EBITDA Margin rising to 29.1% from 26.9%.

Statutory NPAT was $6.5 million, compared with a restated $11.9 million a year earlier. Non-underlying items included $9.3 million of acquisition, integration and restructuring costs and a $5.9 million expense for software assets under development. Cash was $30.1 million and net assets were $109.5 million at year-end.

Total FUA increased 21.1% to $77.9 billion, including Platform FUA of $34.0 billion and Scope+ FUA of $43.9 billion. Net inflows were $1.9 billion. Sector revenue can be influenced by asset values, adviser flows, technology costs and financial-services regulation.

Risks to Consider

Key risks include execution of the new technology platform, client migration, integration work and delivery of announced cost savings. Revenue is also sensitive to funds under administration and net flows.

Praemium must also manage cyber resilience, regulatory obligations and tax compliance. In FY26, it recognised an additional $4.5 million of current tax payable relating to an historical income-tax shortfall.

What to Watch Next

Investors may monitor the staged deployment of the new core platform, the pace of client migration and updates on technology expenditure. Future disclosures on net flows, Platform FUA and Scope+ FUA will provide further indicators of Business activity.

The next reporting periods will show how margins, statutory profit and cash holdings develop as the technology program progresses.

Key Insights

Praemium entered FY27 with higher FY26 revenue, underlying EBITDA and funds under administration, alongside lower statutory NPAT. Its current priorities centre on technology transformation, integration work and servicing advisers in the high-net-worth market. Key monitoring points are the platform rollout, adviser and client flows, announced cost savings and the effect of technology investment on reported profitability.