Praemium Ltd has announced its financial results for the year ended 30 June 2026, revealing a 5.7% increase in revenue to $110.5 million and a 2.9% rise in underlying profit after tax (NPAT) to $15.4 million. The company also reported a significant jump in total funds under administration (FUA), which grew by 21.1% to $77.9 billion. These results come as Praemium successfully completed the integration of its OneVue platform acquisition and made strategic investments in new technology.
Praemium’s Financial Performance Highlights
For the fiscal year 2026, Praemium achieved several key financial milestones:
- Revenue: Increased by 5.7% to $110.5 million.
- Underlying Profit After Tax (NPAT): Rose by 2.9% to $15.4 million.
- Underlying EBITDA: Climbed 14.5% to $32.1 million, with an improved margin of 29.1%.
- Statutory Net Profit: Decreased by 45.2% to $6.5 million, primarily attributed to one-off restructuring and acquisition costs incurred during the period.
- Dividends: A final fully franked dividend of 1.25 cents per share was declared, bringing the total FY26 dividends to 2.5 cents per share.
- Funds Under Administration (FUA): Experienced substantial growth, up 21.1% to $77.9 billion.
Strategic Developments and Platform Integration
A significant achievement for Praemium in FY26 was the successful integration of the OneVue platform, which was completed in December 2025. This integration is expected to yield approximately $3 million in annual EBITDA synergies, aligning with the company’s strategic objectives. The company also reported strong momentum within its high-net-worth (HNW) segment, with platform FUA in this segment increasing by 10.8%. Furthermore, the non-custodial Scope+ service demonstrated impressive growth, achieving a 30.5% year-on-year increase in FUA.
In January 2026, Praemium bolstered its technological capabilities by acquiring Technotia Laboratories for $7 million in shares. This acquisition brings in-house machine learning expertise, intended to support the development of a new core technology platform. To further enhance operating leverage from FY27 onwards, the company undertook a restructuring of its technology division, which included the closure of its Armenian operations and a reduction in Australian roles.
Management Commentary on Transformation
Praemium Chair Barry Lewin reflected on the company’s transformation during his tenure. He stated that it had been a privilege to work alongside a capable Board and management team, including Anthony, in evolving Praemium into a more profitable and strategically focused platform business. Lewin expressed confidence in the company’s future, noting the refreshed Board and strong foundations in place. He anticipates a smooth transition and continued execution of the growth strategy under the chairmanship of Matthew.
Future Outlook and Growth Strategy
Looking ahead, Praemium intends to leverage ongoing industry growth and its established position in providing comprehensive wealth advice solutions. The company plans to deepen its engagement within the expanding HNW market. Strategic investments are slated for next-generation platform technology and enhancements to the adviser experience, aiming to improve scalability, introduce new features, and achieve greater cost efficiencies.
Praemium anticipates realizing the full benefits of its recent investments and restructuring initiatives in FY27, which are expected to drive continued financial and operational momentum. The company’s robust balance sheet and commitment to disciplined cost management are seen as key enablers for capturing emerging opportunities within the wealth platform sector.
Shareholder Performance Overview
Over the preceding 12 months, Praemium shares have seen a decline of 9%. This performance lags behind the broader market, as represented by the All Ordinaries Index (ASX: XAO), which has gained 1% during the same period.
