Praemium (PPS) Q3 2026 earnings summary

Executive summary

• Total Funds Under Administration (FUA) rose 18% year-over-year to $73.7 billion as of 31 March 2026, driven by strong net flows and platform growth.

• Platform FUA reached $32.2 billion, with quarterly net flows of $598 million, despite negative market movements.

• Spectrum platform continued robust growth, with quarterly net flows of $502 million and FUA reaching $4.0 billion.

• Non-custodial portfolio administration (Scope +) FUA increased 28% year-over-year to $41.5 billion, with portfolios up 27% to 11,969.

• Adviser demand remained resilient, especially in the high-net-worth segment, supporting underlying flow performance.

Financial highlights

• Quarterly net flows for the platform totaled $598 million, maintaining FUA above $32 billion despite a negative market movement of $923 million.

• Cash management holdings stood at $1,933 million, representing 6% of total FUA.

• Spectrum platform net flows represented 13.8% of opening FUA for the quarter.

• Powerwrap and SMA platforms showed positive net flows, while OneVue continued to see outflows.

Outlook and guidance

• Integration of Technotia and technology function restructuring are expected to deliver improved performance at lower cost, with full cash flow benefits anticipated from FY27.

• Continued investment in technology and operational simplification aims to enhance adviser efficiency and user experience.

• Renewed multi-year agreements with key clients reinforce revenue stability and future growth opportunities.