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Praemium Limited (ASX:PPS)

ALERT: Price-sensitive ASX Announcement for PPS
Current share price for PPS : $0.530 -0.155 (-22.63%)+
Announcement
Release
22 Jul 2026 8:50AM
Price at Release
$0.685
Full Release
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Summary
In the fourth quarter update for FY26, Praemium Limited reported strong growth with annual platform net flows reaching $1.9 billion and total funds under administration rising by 21% year-over-year to $77.9 billion. The platform funds under administration increased by 10.8% to $34 billion, supported by positive market movements and strong adviser demand, particularly in the high-net-worth segment. The company also experienced significant growth in non-custodial portfolio administration, with Scope+ FUA increasing by 30.5% to $43.9 billion. Praemium added 330 new investment options and managed to reduce adviser exit-related outflows, which contributed to $522 million in net outflows. Additionally, the company continued to integrate Technotia and completed the OneVue migration, which enhanced operational efficiency and set the stage for future growth. Key enterprise agreements were renewed, and a technology transformation is underway to cut costs by $9 million annually while improving platform capabilities.
Key Points
  • Strong annual platform net flows of $1.9 billion for FY26.
  • Total Funds Under Administration (FUA) up 21% YoY to $77.9 billion.
  • Platform FUA increased 10.8% to $34.0 billion including quarterly net flows of $316 million.
  • Cash Management Holdings amounted to $1,812 million (5.3% of FUA).
  • Scope+ Non-custodial Portfolio Administration saw a FUA rise of 30.5% to $43.9 billion.
  • 330 new investment options were added to various investment menus.
  • Known adviser exit-related outflows contributed $522 million of net outflows during FY26.
  • Praemium continues to realize synergies from Technotia integration and OneVue migration.
  • Praemium renewed key enterprise agreements with Morgan Stanley Wealth Management and JB Were.
  • Praemium's technology transformation aims to enhance capability and reduce costs by $9 million annually.
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.