Praemium (PPS) Q2 2026 earnings summary

Executive summary

• Total Funds Under Administration (FUA) increased 14% year-over-year to AUD 70.5 billion as of 31 December 2025, with platform FUA up 8% to AUD 32.5 billion, driven by organic growth in Spectrum and Powerwrap.

• Acquisition of Technotia Labs enhances development capabilities, automation, and user experience, supporting strategic priorities and superannuation platform integration.

• Completion of the OneVue transition consolidated assets into SMA and Spectrum, supporting platform consolidation and synergy realization.

• Growth strategy focuses on expanding FUA, leveraging technology for scale and efficiency, and onboarding key clients like Bell Potter and Morgans.

• Record number of Scope+ portfolios, up 13% YoY, with FUA up 19% to AUD 37.9 billion, reinforcing market leadership in non-custodial administration.

Financial highlights

• Platform FUA closed at AUD 32.5 billion, up 8% YoY, with Spectrum and Powerwrap delivering strong results.

• Quarterly net inflows reached AUD 462 million, with Spectrum net inflows of AUD 266 million and Powerwrap net inflows of AUD 302 million.

• SMA FUA increased 18% YoY to AUD 14.6 billion, including a AUD 933 million transfer from OneVue.

• Non-custodial Scope+ FUA increased 19% YoY to AUD 37.9 billion, with new advice groups onboarded and portfolios up 13% YoY.

• Cash management holdings totaled AUD 1,766 million, representing 5.4% of FUA.

Outlook and guidance

• Ongoing onboarding of key clients like Bell Potter and Morgans is expected to drive further FUA growth and account numbers.

• The new superannuation platform is anticipated to expand the addressable market and improve client offerings.

• Renewed focus on user experience, process automation, and productivity improvements to drive future growth.

• No imminent acquisitions, but further opportunities are being evaluated; focus remains on integrating Technotia.

• No change in expected EBITDA contribution from OneVue, with an update planned at the half-year.