Praemium sees 14.5% EBITDA rise to $32.1M in FY26
- Praemium delivered a 14.5% increase in underlying EBITDA to $32.1 million for the financial year ended June 30.
- Total funds under administration grew 21.1% to $77.9 billion, supported by $1.9 billion in net inflows.
- Cost efficiencies from the Technotia Laboratories acquisition and OneVue platform migration will drive future operational growth.
Praemium (ASX:PPS) reported a 14.5% increase in underlying EBITDA to $32.1 million for the financial year ended June 30, driven by technology transformation and operating leverage.
The business expanded its core revenue by 5.7% to $110.5 million, up from $104.5 million in the prior financial year, while statutory net profit after tax declined 45.2% to $6.5 million.
Net inflows of $1.9 billion demonstrate the effectiveness of Praemium's strategic focus on the high-net-worth market, according to the company statement.
The financial technology firm reduced its cash holdings by 26.5% to $30.1 million and expects to realise $9 million in full-year cost savings in FY27 following executed headcount reductions linked to its Technotia Laboratories transaction.
The board declared a fully franked final dividend of 1.25 cents per share to be paid in September 2026.
Following the announcement, the Praemium share price was unchanged at $0.72.
The Melbourne-based wealth management platform operator focuses on non-custodial portfolio administration and custodial administration services for financial advisers and high-net-worth clients.
The group expanded its Scope+ non-custodial segment by 30.5% during the year, reaching $43.9 billion in administration funds and adding 11 new advice groups.
