Praemium profit surges 55% as HNW strategy delivers results

InvestorDaily

In its full-year results announcement, Praemium noted that its statutory net profit after tax (NPAT) was up 55 per cent on FY23–24 to $13.6 million, while underlying EBITDA was up 31 per cent or $6.6 million to $28.1 million for the year. Revenue from contracts with customers reached $103 million for the year to 30 June 2025, which signalled growth of 25 per cent compared with $82.7 million for the prior year. Praemium put the increase down to higher platform FUA at $30.7 billion, compared with $28.1 billion in FY23–24.

Praemium chief executive and executive director Anthony Wamsteker said it has been a “pivotal year” for the firm, “marked by disciplined execution on strategy that has delivered strong operational and financial progress”. “We’ve scaled efficiently, with EBITDA growth outpacing revenue and a 130 bps uplift in margin, clear evidence of the leverage in our model,” Wamsteker said. “Our leadership in the high-net-worth segment continues to build momentum, underpinned by significant enterprise client wins across Spectrum, SMA and Scope+.

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