HUB24 reported platform net inflows of $4.0 billion in the first quarter of FY27, marking solid growth despite a subdued macroeconomic environment. While the figure represents a 23 percent decline from the prior corresponding period, management characterizes the result as a strong start to the financial year given broader market headwinds. Total funds under administration reached $168.6 billion at 30 September 2026, up 15 percent year-on-year, with the platform segment growing to $143.7 billion. More significantly, HUB24 expanded its market share to 10.1 percent as at 30 June 2026, up from 9.0 percent in the prior year, and maintained its ranking as the first platform for both quarterly and annual net inflows for an eleventh consecutive quarter according to Plan for Life data.
The inflows comprised resilient superannuation contributions and softer investor-directed portfolio services activity. Superannuation gross inflows increased compared to the prior quarter, and management expects recent and proposed tax changes to support long-term growth in this segment by reinforcing demand for professional advice. IDPS inflows were lower than the strong prior quarter result, which the company attributes to advisers and investors refining strategies in response to macroeconomic conditions and tax policy changes. Gross outflows across both segments remained broadly stable year-on-year as a percentage of average platform funds under administration.
The adviser network also expanded, with 45 new licensee agreements signed during the quarter and the total adviser count rising by 211 to reach 5,860, representing 12 percent annual growth. HUB24 achieved the highest Net Promoter Score in the Adviser Ratings 2026 Australian Financial Advice Landscape Report and ranked first in nine of eleven platform capability categories, including overall platform functionality, client experience and speed to process requests. The portfolio, administration and reporting services division grew modestly, with funds under administration reaching $24.9 billion, up 2 percent year-on-year.
HUB24 is rolling out myhub, an AI-powered wealth solution designed to enhance adviser productivity through natural language data access and workflow integration. The company has also exercised a call option to acquire HTFS Nominees Pty Limited, the trustee of the HUB24 Super Fund, pending regulatory approval. The Class division showed progress on NowInfinity’s platform investment program at its flagship Ignite conference. Key metrics to watch include adviser adoption rates of myhub, the trajectory of platform net inflows relative to peers, and regulatory progress on the HTFS acquisition. This announcement is price sensitive and has been flagged as material by the ASX.
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About HUB24 Limited (ASX: HUB)
HUB24 Limited is an Australia-based provider of investment and superannuation platform services for financial advisers, stockbrokers, accountants and their clients. The company operates through its Platform segment, which offers integrated portfolio administration and investment management services, and its Tech Solutions segment, which provides cloud-based wealth accounting software and technology solutions. The company is headquartered in Sydney, Australia.
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