HUB24 (HUB) H1 2026 earnings summary

Executive summary

• Delivered record net inflows of $10.7 billion, maintaining the number one position in platform net inflows for eight consecutive quarters and achieving strong adviser adoption, with 34% of advisers using the platform and FUA per adviser rising to $24 million.

• Recognized as Australia's best platform for the fourth consecutive year, with top rankings in managed account capability and customer satisfaction.

• Achieved strong growth in 1HFY26, with revenue up 26% year-over-year to $245.9 million and statutory NPAT up 80% to $59.7 million.

• Fully franked interim dividend of 36.0 cents per share declared, a 50% increase from the prior year.

• Launched new solutions including Private Invest, Engage reporting, and commenced development of MyHUB, an integrated advice technology ecosystem, with pilot release in FY27.

Financial highlights

• Group revenue rose 26% year-over-year to $245.9 million for the half, with platform revenue up 30% to $199.7 million and Tech Solutions revenue up 10% to $41.9 million.

• Group underlying EBITDA increased 35% to $104.9 million, with underlying NPAT up 60% to $68.3 million and statutory NPAT up 80% to $59.7 million.

• Interim fully franked dividend of 36.0c per share, up 50% year-over-year; underlying diluted EPS up 63% to 82.9c.

• Platform custody net flows were $10.7 billion, with total FUM up 26% year-over-year to $152.3 billion.

• Operating cash flow reached $78.1 million, up 17% year-over-year, and net cash position was $27 million after borrowings.

Outlook and guidance

• Upgraded FY27 FUA guidance to $160–170 billion, reflecting increased confidence in flows, market tailwinds, and retention of Xplore MDA FUA.

• Group operating expenses expected to grow 18–20% in FY26, with hiring plans of up to 100 FTE in the second half.

• Ongoing EBITDA margin expansion anticipated, especially in the platform segment.

• No large transitions assumed in base case for guidance; net flows expected around $18–20 billion annually.

• Continued investment in technology, new solutions, and expanding retirement offerings, including the upcoming launch of Lifetime Retirement Solutions.