HUB24 has announced a significant financial performance for the fiscal year ending June 30, 2026, marked by record net inflows and a substantial increase in Funds Under Administration (FUA). The financial services company reported net inflows of $18.9 billion, representing a 20% rise compared to the previous year. This surge propelled the total FUA to $164.3 billion, also a 20% increase year-on-year.
Record Net Inflows and FUA Growth
The company’s platform experienced robust growth, with net inflows excluding large migrations reaching $18.9 billion. This performance underscores the increasing adoption and trust in HUB24’s offerings by financial advisers and their clients. Total FUA, a key metric for platform businesses, climbed to $164.3 billion as of June 30, 2026, demonstrating sustained momentum in asset accumulation.
Further breaking down the FUA figures, Platform FUA saw an impressive increase of 24% to $139.5 billion. The PARS (Platform Administration and Reporting Services) segment also contributed positively, with FUA growing by 5% to $24.8 billion.
Expanding Adviser Network and Platform Usage
The growth in FUA is closely linked to the expanding network of active advisers utilizing the HUB24 platform. The number of active advisers rose by 11% year-on-year, reaching 5,649. This increased engagement reflects the platform’s value proposition in supporting financial advice practices.
In addition to adviser growth, the company reported a 5% increase in Class Super accounts, bringing the total to 226,767. The NowInfinity document order volume also saw a healthy rise of 15%, indicating strong demand for its associated services.
Industry Recognition and Strategic Investments
HUB24’s platform has consistently received industry accolades, maintaining its top ranking for both quarterly and annual net inflows for ten consecutive quarters. Furthermore, it has retained the highest Net Promoter Score (NPS) in prominent industry surveys, a testament to client satisfaction and loyalty.
As of March 31, 2026, HUB24’s market share had grown to 9.9%, positioning it as the sixth-largest platform in Australia based on FUA. This competitive standing highlights the company’s successful market penetration and strategic growth.
The company has continued to prioritize innovation and product development. Key initiatives include the launch of a lifetime super solution in collaboration with TAL, which broadens retirement planning options for advisers and their clients. Enhancements to the Class and NowInfinity offerings have also been implemented, featuring AI-driven transaction matching and improved identity verification processes, aiming to streamline operations and enhance user experience.
HUB24 also secured 36 new licensee agreements during the quarter, signaling an expansion of its distribution network and reach within the financial advice community.
Future Outlook and Growth Strategies
Looking ahead, HUB24 is focused on sustaining its growth trajectory through continued investment in product innovation and enhanced adviser support. A significant development on the horizon is the planned pilot launch of ‘myhub,’ an AI-powered advice ecosystem, scheduled for the first half of FY27.
The company anticipates that prevailing industry trends, such as the persistent demand for quality financial advice and the evolving regulatory landscape for superannuation, will continue to drive growth. HUB24 believes it is strategically positioned to capitalize on these trends, supported by a robust pipeline of opportunities with both new and existing partners.
Market Performance Snapshot
Despite the strong operational and financial results, HUB24’s share price has experienced a decline of 18% over the past 12 months. This performance contrasts with the broader S&P/ASX 200 Index, which saw a 1% rise over the same period. Investors will be closely monitoring the company’s ability to translate its FUA and net inflow growth into sustained share price appreciation.
HUB24’s consistent delivery of record inflows and FUA growth, coupled with strategic investments in technology and product development, positions it as a key player in the Australian financial services landscape. The company’s focus on adviser support and innovation, alongside favorable industry tailwinds, suggests a positive outlook for continued expansion.
