HUB24's Total Funds Under Administration Up 37% in Fiscal Q1; Shares Hit All-Time High

MT Newswires Live10-15

HUB24's (ASX:HUB) total funds under administration (FUA) reached AU$112.97 billion in the first quarter ended Sept. 30, a 37% surge on the year-ago period, according to a Tuesday filing with the Australian bourse.

Platform FUA climbed 41% to AU$91.57 billion, while portfolio, administration, and reporting services FUA jumped 21% to AU$21.4 billion.

The company logged record quarterly platform net inflows of AU$4 billion in the first quarter, up 44% on the year-ago period, excluding large migrations.

The integrated platform for investment monitoring and portfolio management plans to roll out a new client interface in the financial year 2025, the filing stated.

The company's shares gained over 2% in recent Tuesday trade and earlier hit an all-time high.

Price (AUD): $64.89, Change: $+1.48, Percent Change: +2.33%

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