The Praemium Ltd (ASX: PPS) share price is in focus after the company posted a 5.7% increase in revenue to $110.5 million and delivered underlying profit after tax up 2.9% to $15.4 million for the year ended 30 June 2026.
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What did Praemium report?
- Revenue from ordinary activities rose 5.7% to $110.5 million
- Underlying profit after tax (NPAT) up 2.9% to $15.4 million
- Statutory net profit fell 45.2% to $6.5 million, mainly due to one-off restructuring and acquisition costs
- Underlying EBITDA climbed 14.5% to $32.1 million, with an expanded margin of 29.1%
- Final fully franked dividend of 1.25 cents per share, taking total FY26 dividends to 2.5 cents per share
- Total funds under administration (FUA) jumped 21.1% to $77.9 billion
What else do investors need to know?
Praemium achieved strong momentum in its high-net-worth (HNW) segment, with platform FUA up 10.8% and the non-custodial Scope+ service delivering 30.5% year-on-year FUA growth. The company completed the integration of the OneVue platform acquisition in December 2025, realising anticipated $3 million in annual EBITDA synergies.
In January 2026, Praemium acquired Technotia Laboratories for $7 million in shares, bringing machine learning expertise in-house to support a new core technology platform. The business also restructured its technology division, closing Armenian operations and reducing Australian roles to drive operating leverage from FY27.
What did Praemium management say?
Praemium Chair Barry Lewin commented:
It has been a privilege to serve as Chair and to work alongside a highly capable Board, together with Anthony and the broader management team as Praemium has transformed into a more profitable, strategically focused platform business. With a refreshed Board and strong foundations in place, I look forward to completing a smooth transition and watching Praemium continue to execute its growth strategy under Matthew's chairmanship.
What's next for Praemium?
Looking ahead, Praemium aims to capitalise on continued industry growth and its leadership in whole-of-wealth advice solutions, with a focus on expanding deeper relationships in the growing HNW market. Further investment in next-generation platform technology and adviser experience is set to deliver scalability, new features and cost efficiencies.
The company expects to realise the benefits of recent investments and restructuring in FY27, supporting financial and operational momentum. A strong balance sheet and disciplined cost management position Praemium to capture emerging opportunities across the wealth platform sector.
Praemium share price snapshot
Over the past 12 months, Praemium shares have declined 9%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.
