The HUB24 Ltd (ASX: HUB) share price is in focus today after the company posted record FY26 results, including a 30% lift in underlying EBITDA to $211.4 million and a 51% jump in statutory NPAT to $120.2 million.
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What did HUB24 report?
- Group underlying EBITDA rose 30% to $211.4 million
- Statutory NPAT increased 51% to $120.2 million; underlying NPAT up 40% to $137.3 million
- Total revenue grew 23% to $501.1 million
- Final fully franked dividend of 42.0 cents per share declared (total FY26 dividends up 39% to 78.0 cps)
- Total Funds Under Administration (FUA) reached $164.3 billion, up 20%
- Platform net inflows hit $18.9 billion, up 20% excluding prior-year large migrations
What else do investors need to know?
HUB24 continued to cement its leadership in the Australian platform market, expanding market share and ranking first for net inflows for the tenth consecutive quarter. The number of active advisers using HUB24 grew to 5,649, up 11% on the previous year, with 148 new licensee agreements signed.
In FY26, the company launched innovative features such as a lifetime super product, enhanced transitions and reporting capabilities for advisers, and saw its integrated Non-Custodial and Private Invest solutions surpass $1 billion in FUA. The Class and NowInfinity businesses also reported growth and product enhancements, with Class Super named the most innovative SMSF software provider.
HUB24 exercised its call option to acquire the trustee of the HUB24 Super Fund, with the deal expected to complete in the first half of FY27, subject to approvals.
What did HUB24 management say?
Andrew Alcock, HUB24's Managing Director & CEO, said:
Our strong financial results in FY26 built on our performance achieved in recent years and delivered Underlying Group EBITDA of $211.4 million – up 30% on FY25. Strong earnings growth translated into robust operating cashflows which together with our strong balance sheet, support a fully franked final dividend of 42.0 cps and total FY26 dividends of 78.0 cps, up 39%.
Our continued momentum reflects the strength of our customer relationships and commitment to innovation that enables financial professionals to deliver better outcomes for their clients. As demand for professional advice continues to grow, we are investing in integrated platform, technology and data solutions that provide greater choice and flexibility, whilst remaining committed to robust governance and advocating for a stronger retirement system.
What's next for HUB24?
Looking ahead, HUB24 anticipates growth will be supported by industry trends such as Australia's compulsory superannuation system and rising demand for professional financial advice. The company expects to further increase funds under administration per adviser and extend its market leadership, bolstered by continued innovation and growing adviser adoption.
HUB24 has set a target for platform FUA of $186–200 billion by FY28 (excluding PARS FUA) and plans to pilot its myhub ecosystem in the first half of FY27 to further enhance adviser productivity and client outcomes.
HUB24 share price snapshot
The Hub24 share price has had a tough 12 months, severely underperforming the S&P/ASX 200 index (ASX: XJO) with a decline of over 20%.
