HUB24 Ltd has announced a significant financial performance for the fiscal year ending June 30, 2026, marked by record net inflows and substantial growth in Funds Under Administration (FUA). The company reported net inflows of $18.9 billion, a 20% increase compared to the previous year, propelling its total FUA to $164.3 billion, also up 20% year-on-year.
Record Net Inflows Drive FUA Growth
The latest figures highlight HUB24’s strong market position and the increasing adoption of its platform services. Excluding large, one-off migrations, the platform’s net inflows reached the impressive $18.9 billion milestone. This surge in new assets underscores the company’s appeal to financial advisers and their clients.
Key Financial Metrics for FY26:
- Platform Net Inflows: $18.9 billion (up 20% on pcp, excluding large migrations)
- Total Funds Under Administration (FUA): $164.3 billion (up 20% on pcp)
- Platform FUA: $139.5 billion (up 24% on pcp)
- PARS FUA: $24.8 billion (up 5% on pcp)
The company also saw a healthy increase in its Platform FUA, which grew by 24% year-on-year to $139.5 billion. While PARS FUA experienced a more modest rise of 5% to $24.8 billion, the overall trend indicates robust expansion across its service offerings.
Expanding Adviser Network and Service Enhancements
HUB24’s growth is further evidenced by the expanding network of active advisers utilizing its platform. The number of active advisers increased by 11% to 5,649. This growth in the adviser base is a critical indicator of the platform’s utility and integration within the financial advice sector.
Beyond asset growth, HUB24 has focused on enhancing its service ecosystem. The company’s Class Super offering saw an increase of 5% in accounts, reaching 226,767. Additionally, NowInfinity document orders experienced a 15% rise, demonstrating increased engagement with its corporate and legal services.
Platform Recognition and Market Position:
- Industry Rankings: The HUB24 Platform has been recognized as the leader in quarterly and annual net inflows for ten consecutive quarters.
- Net Promoter Score (NPS): The platform consistently achieves the highest NPS in prominent industry surveys, reflecting strong client satisfaction.
- Market Share: As of March 31, 2026, HUB24’s market share stood at 9.9%, positioning it as the sixth-largest platform in Australia by FUA.
These accolades and market share gains highlight HUB24’s competitive edge and its ability to attract and retain both advisers and their clients in a dynamic market.
Strategic Investments and Future Outlook
HUB24 continues to prioritize innovation and strategic partnerships to drive future growth. A significant development during the period was the launch of its lifetime super solution, developed in collaboration with TAL. This initiative broadens the retirement planning options available to advisers and their clients.
Further enhancements have been made to the Class and NowInfinity offerings, incorporating advanced features such as AI-driven transaction matching and improved identity verification. These technological advancements aim to streamline operations and enhance user experience.
The company also reported signing 36 new licensee agreements during the quarter, indicating a successful expansion of its distribution network and reach within the financial services industry. The ongoing increase in adviser numbers directly correlates with these strategic outreach efforts.
Looking Ahead: Innovation and Industry Tailwinds
Moving forward, HUB24 is committed to building on its current momentum through continued investment in product innovation and dedicated support for financial advisers. A key initiative planned for the first half of FY27 is the pilot launch of ‘myhub,’ an AI-powered ecosystem designed to support the financial advice process.
The company anticipates that prevailing industry trends, including sustained demand for professional financial advice and the evolving regulatory landscape for superannuation, will continue to fuel its growth trajectory. HUB24 expresses confidence in its strategic positioning and its pipeline of new opportunities, both with existing and prospective clients.
Market Performance Context
In the broader market context, HUB24 shares have experienced a decline of 18% over the past 12 months. This performance contrasts with the S&P/ASX 200 Index, which saw a 1% increase over the same period. Despite the share price movement, the company’s operational performance, as indicated by its inflows and FUA growth, remains robust.
HUB24’s consistent delivery of strong net inflows and FUA growth, coupled with its strategic investments in technology and adviser support, positions it favorably to capitalize on the structural growth opportunities within the Australian financial services sector.
