Praemium Reports 21.1% Rise in Total Funds Under Administration to AU$77.9 Billion

MT Newswires Live
Jul 22

Praemium (ASX:PPS) said total funds under administration (FUA) rose 21.1% year on year to AU$77.9 billion for the quarter to June 30, according to a Wednesday Australian bourse filing.

The company said platform FUA rose 10.8% to AU$34 billion, including quarterly net flows of AU$316 million, with cash management holdings of AU$1.81 billion, representing 5.3% of FUA.

"Together with sustained high-net-worth (HNW) adviser engagement, we have a clear pathway to improved operating leverage into FY27," said Chief Executive Anthony Wamsteker.

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