Business Highlights
Revenue and other income of $52.3 million for the half year to 31 December 2024 (HY25) was up 32% compared $39.7 million for the half year to 31 December 2023 (Prior Corresponding Period or PCP):
• $6.0 million additional revenue from OneVue;
• Higher average Platform FUA (HY25: $30.2 billion, including $4.2 billion from OneVue, compared with $22.9 billion PCP);
• Platform margins, excluding OneVue, improved by 3 basis points to 28 basis points.
• SMA repricing enacted 1 April 2024 improved margins for that service. This increased by 4 basis points to 38 basis points when compared to PCP; and
• The effect of repricing was partly offset by the margin impact of capped administration fees on rapidly growing balances in both SMA and Powerwrap.
• Higher numbers of non-custodial portfolios in Scope (65,706, up from 64,384 PCP) and Scope+ (9,416 up from 8,493 PCP).
Praemium’s Chief Executive Officer, Mr. Anthony Wamsteker said, “This is an outstanding continuation of the momentum built through the 2024 financial year. We have greatly improved our organic growth, repriced our core SMA to reflect its top tier market position, rebounded from the impact of adviser exits, launched a market leading IDPS with Spectrum, restructured operations offshore and returned earnings to shareholders.
“I look forward to the added value to come from fully integrating our OneVue acquisition, repricing our market dominant non-custodial Scope solutions and gaining further growth from Spectrum.
“As always, I recognise that these important benefits to shareholders are the product of incredible work from our people, the choices our advisers and their clients make and the privilege it is to serve to them. I thank all our key stakeholders for their contributions and the remarkable results they have helped produce.”
READ THE FULL ANNOUNCEMENT HERE
READ THE INVESTOR PRESENTATION HERE
About us:
Praemium is the leading investment platform in Australia, catering to the emerging and established HNW investor market. Servicing Private Wealth firms, intermediaries, and some of the world’s largest financial institutions, Praemium offers access to a comprehensive suite of investment solutions which cater for all investor structures.
Contact details:
For further information contact
Anthony Wamsteker, CEO
Ph: 1800 571 881