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Praemium Limited (ASX:PPS)

ALERT: Price-sensitive ASX Announcement for PPS
Current share price for PPS : $0.675 -0.06 (-8.16%)+
Announcement
Release
22 Apr 2026 8:46AM
Price at Release
$0.735
Full Release
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Summary
Praemium Limited's Q3 FY26 update highlights a significant growth in its Total Funds Under Administration (FUA), which increased by 18% year-over-year to $73.7 billion. The company's Platform FUA also saw a rise of 7% to $32.2 billion with net quarterly flows of $598 million. Praemium's non-custodial portfolio administration, Scope+, experienced a 28% increase in FUA, reaching $41.5 billion, affirming its market leadership. The technology division underwent a successful restructure following the merger with Technotia, contributing to operational efficiency. Spectrum, a key platform, continued its growth trajectory with net flows of $502 million, increasing its FUA to $4.0 billion. The period also saw the renewal of key enterprise client relationships and the appointment of new directors. Additionally, Praemium finalized the closure of its Armenian operations, achieving a reduction in technology salary costs, aligning with its strategic initiatives for improved operational leverage.
Key Points
  • Total FUA increased by 18% year-over-year to $73.7 billion.
  • Platform FUA rose by 7% to $32.2 billion with net quarterly flows of $598 million.
  • Scope+ non-custodial portfolio administration FUA up by 28% to $41.5 billion.
  • Successful integration and restructure of the technology division following the merger with Technotia.
  • Strong growth in Spectrum with net flows of $502 million, reaching FUA of $4.0 billion.
  • Renewal of key enterprise client relationships on favorable terms.
  • Appointment of new directors Katrina Efthim and Justin Lipton.
  • Closure of Armenian operations and reduction in annual technology salary costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.