Praemium Ltd. has announced its financial results for the fiscal year ending June 30, 2026, revealing a notable increase in revenue and the successful integration of its acquired OneVue platform. The company reported a 5.7% rise in revenue, reaching $110.5 million, alongside a 2.9% increase in underlying profit after tax (NPAT) to $15.4 million. This performance highlights Praemium’s strategic advancements and operational progress during the period.
Praemium’s FY26 Financial Performance
The company’s financial statements for FY26 indicate a solid revenue uplift, driven by its core business operations. While statutory net profit saw a decrease of 45.2% to $6.5 million, this was attributed primarily to one-off costs associated with restructuring and acquisition activities. Conversely, underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) demonstrated significant strength, climbing 14.5% to $32.1 million. This growth was accompanied by an expansion in the EBITDA margin to 29.1%, signaling improved operational efficiency.
In terms of shareholder returns, Praemium declared a final fully franked dividend of 1.25 cents per share. This brings the total dividends for FY26 to 2.5 cents per share, reflecting the company’s commitment to distributing value to its investors. A key metric for the wealth management sector, total funds under administration (FUA), experienced a substantial jump of 21.1%, reaching $77.9 billion. This growth underscores Praemium’s expanding market presence and the increasing trust placed in its services by clients.
Strategic Initiatives and Platform Integration
A significant achievement for Praemium in FY26 was the completion of the integration of the OneVue platform, which was finalized in December 2025. This integration is expected to yield approximately $3 million in annual EBITDA synergies, a testament to the strategic value of the acquisition. The company also reported strong momentum within its high-net-worth (HNW) segment, with platform FUA in this sector growing by 10.8%. Furthermore, Praemium’s non-custodial Scope+ service saw impressive FUA growth of 30.5% year-on-year, indicating a growing demand for its specialized offerings.
In January 2026, Praemium further bolstered its technological capabilities by acquiring Technotia Laboratories for $7 million in shares. This strategic move brought valuable machine learning expertise in-house, intended to support the development of a new core technology platform. To enhance operating leverage from FY27 onwards, the company undertook a restructuring of its technology division, which included the closure of its Armenian operations and a reduction in Australian roles.
Management Commentary and Future Outlook
Praemium Chair Barry Lewin reflected positively on the company’s transformation during his tenure. He stated that Praemium has evolved into a more profitable and strategically focused platform business, crediting the capable Board and management team. Lewin expressed confidence in the company’s future, noting the strong foundations and a refreshed Board that will support a smooth transition and continued execution of the growth strategy under new leadership.
Looking ahead, Praemium intends to leverage ongoing industry growth and its established position in providing comprehensive wealth advice solutions. The company plans to deepen its engagement with the expanding HNW market and invest further in next-generation platform technology and adviser experience. These investments are aimed at enhancing scalability, introducing new features, and achieving greater cost efficiencies. Praemium anticipates realizing the full benefits of its recent investments and restructuring initiatives in FY27, which are expected to drive continued financial and operational momentum.
With a robust balance sheet and a disciplined approach to cost management, Praemium is well-positioned to capitalize on emerging opportunities within the dynamic wealth platform sector. The company’s strategic focus on technology, client service, and operational efficiency underpins its outlook for sustained growth and market leadership.
Shareholder Performance Overview
Over the preceding 12 months, Praemium shares experienced a decline of 9%. This performance lagged behind the broader market, as represented by the All Ordinaries Index (ASX: XAO), which saw a 1% increase during the same period. Investors will be closely monitoring the company’s ability to translate its strategic initiatives and operational improvements into enhanced shareholder value in the coming fiscal years.
