HUB24 (HUB) investor relations material

Executive summary

• Achieved record FY26 growth with group revenue up 23% to AUD 501.1 million, underlying EBITDA up 30% to AUD 211.4 million, and statutory NPAT up 51% to AUD 120.2 million; underlying NPAT increased 40% to AUD 137.3 million.

• Funds under administration (FUA) reached AUD 164.3 billion, up 20%, with platform FUA at AUD 139.5 billion and net inflows of AUD 18.9 billion (excluding migrations).

• Maintained #1 position in net inflows for 10 consecutive quarters and increased platform market share to 9.9%.

• Launched innovative products including myhub, IRIS retirement solution, and Private Invest for high net worth clients.

• Recognized for innovation, customer service, and product leadership, ranking #1 in multiple adviser and platform categories.

Financial highlights

• Platform revenue up 26% to AUD 406.9 million; Tech Solutions revenue up 9% to AUD 84 million; group operating cash flow reached AUD 197.5 million.

• Underlying EBITDA margin expanded 2.3% to 42.2%; platform EBITDA margin up 1.7% to 45.9%.

• Fully franked final dividend of AUD 0.42 per share, total FY dividend AUD 0.78, up 39% year-over-year.

• Operating expenses increased 19% to AUD 289.7 million, reflecting investment in scale and growth.

• Net cash of AUD 41 million at year-end.

Outlook and guidance

• FUA target for FY28 raised to AUD 186–200 billion, driven by strong net inflows and market growth.

• Expecting flat to slightly growing underlying EBITDA margins at both group and platform levels in FY27, with expense growth in the low to mid-teens.

• Anticipate 0.5–1 basis points of custody margin compression in FY27.

• Integration of HUB24 Super Fund trustee in-house expected to complete in 1HFY27, with no material EBITDA impact anticipated.

• Guidance range for net flows accommodates ongoing IDPS outflows and potential acceleration in superannuation inflows.