Top Page
HUB24 Limited
(Sydney:HUB)
HUB24 Limited (HUB) vs. iShares MSCI Australia ETF (EWA)
HUB24 Limited Business Overview & Revenue Model
HUB24 Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 457.26M | 5.19M | 323.49M | 278.63M | 191.40M | 108.81M |
| Gross Profit | -6.77M | 3.30M | 255.38M | 225.44M | 149.64M | 91.29M |
| EBITDA | 174.72M | 146.45M | 97.54M | 78.06M | 40.09M | 19.62M |
| Net Income | 106.02M | 79.48M | 47.16M | 38.17M | 14.66M | 9.77M |
Balance Sheet | ||||||
| Total Assets | 687.26M | 662.41M | 622.73M | 620.39M | 547.72M | 229.02M |
| Cash, Cash Equivalents and Short-Term Investments | 56.46M | 114.83M | 88.05M | 72.75M | 43.45M | 63.46M |
| Total Debt | 92.60M | 59.04M | 45.22M | 40.17M | 49.48M | 19.25M |
| Total Liabilities | 141.16M | 132.53M | 103.03M | 109.98M | 92.06M | 47.95M |
| Stockholders Equity | 546.10M | 529.89M | 519.70M | 510.41M | 455.66M | 181.07M |
Cash Flow | ||||||
| Free Cash Flow | 158.26M | 124.55M | 64.13M | 58.32M | 24.81M | 13.12M |
| Operating Cash Flow | 160.63M | 149.00M | 88.25M | 76.14M | 37.41M | 19.17M |
| Investing Cash Flow | -93.66M | -25.71M | -18.74M | -18.18M | -25.04M | -55.11M |
| Financing Cash Flow | -113.64M | -96.50M | -54.21M | -28.67M | -32.37M | 65.59M |
HUB24 Limited Technical Analysis
HUB24 Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | AU$5.47B | 7.59 | 116.22% | 10.91% | 25.96% | 32.30% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$6.10B | 111.22 | 67.81% | 1.45% | 28.29% | 39.39% | |
61 Neutral | AU$3.30B | 27.20 | 19.56% | 3.45% | 37.42% | 38.37% | |
50 Neutral | €2.11B | -124.17 | -3.34% | 6.01% | 2.87% | 87.93% | |
49 Neutral | AU$7.82B | 74.91 | 15.22% | 0.57% | 24.44% | 68.80% |
HUB24 Limited Corporate Events
HUB24 Limited has notified the market of the issue or conversion of unquoted equity securities, specifically unquoted options that have been exercised or other unquoted convertible securities that have been converted. The move indicates a change in the company’s capital structure through the transition of previously unquoted instruments into issued securities, which may modestly increase the number of HUB24 shares on issue and affect the interests of existing equity holders.
While the filing confirms that these securities are now being brought into the quoted capital base, it does not provide detailed figures in the excerpt beyond referencing that unquoted options or convertible securities have been converted. This type of corporate action is routine for listed companies managing employee or investor incentive schemes and can signal the crystallisation of incentives or the progression of earlier funding or remuneration arrangements for HUB24 stakeholders.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$101.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited, a wealth management platform and financial technology provider, offers investment and superannuation platforms along with portfolio administration and reporting services to advisers and institutions. Its operations span custodial administration, non-custodial portfolio services and software solutions, positioning the group as a key technology partner to the Australian wealth industry.
The company reported strong 1HFY26 results, with total revenue rising 26% to $245.9 million and underlying EBITDA up 35% to $104.9 million, driving an underlying NPAT increase of 60% to $68.3 million and statutory NPAT growth of 63% to $59.7 million. Platform net inflows reached $10.7 billion, supported by strong organic growth, while an expanded underlying EBITDA margin of 42.7% and a 50% higher fully franked interim dividend of 36.0 cents per share underline improved profitability and signal confidence in the ongoing execution of its strategic objectives and market positioning.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$88.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 reported a strong first half of FY26, with underlying EBITDA rising 35% to $104.9 million, underlying NPAT up 60% to $68.3 million and statutory NPAT up 80% to $59.7 million, supported by a 26% lift in revenue to $245.9 million and an expanded EBITDA margin of 42.7%. The group lifted its interim dividend by 50% to 36 cents per share as total funds under administration climbed to $152.3 billion, driven by platform FUA of $127.9 billion and continued growth in its PARS and Tech Solutions operations.
The core platform business delivered record half-year net inflows of $10.7 billion, cementing HUB24 as the sixth-largest platform in the market with 9.3% share and maintaining its top ranking for net inflows for an eighth consecutive quarter. HUB24 also extended its competitive edge with multiple industry awards, new retirement and high-net-worth offerings, enhancements to adviser tools, and steady growth in Class and NowInfinity, while preparing further integration initiatives such as the myhub ecosystem and an in-house super trustee structure that could deepen operational control and client engagement.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$88.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited has declared an ordinary fully paid share dividend of AUD 0.36 per share, relating to the six‑month period ended 31 December 2025. The stock will trade ex‑dividend on 16 March 2026, with a record date of 17 March 2026 and payment scheduled for 21 April 2026.
The distribution underscores HUB24’s continued capital returns to shareholders over the half‑year period and may be viewed as a signal of confidence in the company’s financial performance and cash generation. The timetable provides clarity for investors planning around income receipts and portfolio positioning ahead of the ex‑dividend date.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$88.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 reported strong performance for the first half of FY26, highlighting outstanding results and growth that build on the momentum achieved in FY25. The company emphasized progress on its strategic objectives, underscoring a focus on adding value for customers and advancing its purpose of empowering better financial futures, together, which signals continued confidence in its growth trajectory and market positioning.
Management framed the interim period as one of both operational and financial strength, suggesting that the business is successfully executing its strategy in a competitive wealth platform landscape. This combination of solid growth and strategic advancement implies ongoing benefits for advisers and end investors using HUB24’s services, and reinforces the company’s role as a growing player in the Australian wealth management technology market.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$88.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
Challenger Limited, together with its associated entities, has lodged a formal notice stating it has ceased to be a substantial shareholder in HUB24 Limited. The filing, made to the ASX under Corporations Act requirements, indicates that Challenger’s aggregate voting interest in the wealth platform provider has fallen below the substantial holding threshold, signalling an exit from its previous large strategic position.
The change in holding may alter the shareholder landscape and governance dynamics at HUB24, removing a significant institutional investor from its register. While specific transaction details and consideration were not disclosed in the notice, the move could free Challenger’s capital for redeployment elsewhere and may influence market perceptions of HUB24’s ownership structure and future investor mix.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$92.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited has announced it will release its 2026 half-year results before the market opens on Thursday 19 February 2026, followed by a live analyst and investor briefing at 11:30am AEDT the same day, with the presentation to be streamed online and supporting slides made available via the company’s website and the ASX platform. The disclosure underscores HUB24’s ongoing engagement with the investment community and provides stakeholders with a scheduled opportunity to assess the company’s financial performance, operational momentum and strategic positioning within Australia’s rapidly evolving wealth management and fintech platform market.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$115.15 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 reported record quarterly net inflows of $5.6 billion on its investment platform for the second quarter of FY26, contributing to record half-year net inflows of $10.7 billion and lifting total Funds Under Administration to $152.3 billion as at 31 December 2025. Platform FUA rose 29% year-on-year to $127.9 billion, while PARS FUA grew 11% to $24.4 billion, supported by 34 new distribution agreements and an 8% increase in active advisers to 5,277. The group maintained its position as the top-ranked platform for quarterly and annual net inflows for the eighth consecutive quarter and expanded its market share to 9.3%, reinforcing its status as the sixth-largest platform by FUA. HUB24 is also extending its product suite with initiatives such as the high-net-worth-focused Private Invest, which has quickly built FUA of around $300 million, and the development of an Innovative Lifetime Retirement Solution with TAL alongside a new ‘myhub’ offering aimed at tackling productivity challenges for advice practices, underscoring its strategy to deepen adviser relationships and broaden its reach across client life stages.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$104.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
Mitsubishi UFJ Financial Group, Inc. has lodged a notice indicating it has ceased to be a substantial shareholder in HUB24 Ltd, following a series of transactions in HUB24 fully paid ordinary shares carried out on 29 December 2025 by entities controlled by First Sentier Group Limited and Morgan Stanley. The change in substantial holding status signals a reduction in MUFG’s influence over HUB24’s register and may modestly reshape the company’s institutional shareholder base, though it does not directly alter HUB24’s underlying operations or strategic position in the Australian wealth management platform market.
The most recent analyst rating on (AU:HUB) stock is a Hold with a A$101.50 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
First Sentier Group Limited and its related entities have lodged a notice that they have ceased to be substantial shareholders in HUB24 Limited as of 7 January 2026, in accordance with Australian Corporations Act disclosure requirements. The exit of a major institutional holder suggests a change in HUB24’s share register that may alter the company’s institutional ownership profile, though the notice does not disclose the consideration, volume of shares sold or any strategic rationale behind the divestment.
The most recent analyst rating on (AU:HUB) stock is a Hold with a A$101.50 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited has notified the market of the issue or conversion of unquoted equity securities, specifically noting that certain unquoted options or other unquoted convertible securities have been exercised or converted into HUB24 shares. The move modestly increases the company’s equity on issue and reflects ongoing utilisation of equity-based instruments, which may have implications for capital structure, dilution for existing shareholders, and the alignment of management or participant incentives with shareholder interests.
The most recent analyst rating on (AU:HUB) stock is a Hold with a A$101.50 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
Mitsubishi UFJ Financial Group (MUFG) has lodged a notice stating it has ceased to be a substantial holder in HUB24 Limited, following a series of transactions in HUB24 fully paid ordinary shares undertaken by entities controlled by First Sentier Group Limited and Morgan Stanley. The detailed annexure outlines multiple small-scale purchases and sales around 16 December 2025 that collectively reduced MUFG’s relevant interest below the substantial holding threshold, signalling a reshaping of HUB24’s share register and a modest shift in the mix of institutional investors on the company’s register.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$125.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited has disclosed a change in the interests of Director Andrew Alcock, who has increased his holdings of non-quoted performance rights in the company. Following shareholder approval at the company’s 20 November 2025 AGM, Alcock accepted an offer of 38,010 performance rights for nil consideration on 19 December 2025, lifting his total performance rights to 142,533 while his fully paid ordinary shareholding remains at 920,080. The issuance of additional performance rights aligns executive incentives with shareholder value and underscores HUB24’s ongoing use of equity-based remuneration to retain and motivate key leadership without immediate cash outlay.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$125.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited has notified the market of the issue of 163,472 unquoted performance rights under its employee incentive scheme, effective 19 December 2025. The new performance rights, which will not be quoted on the ASX, form part of HUB24’s broader remuneration and retention framework, underscoring the company’s continued use of equity-based incentives to align employee interests with long-term shareholder value.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$125.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited has announced that it has ceased to be a substantial holder in WCM Global Growth Limited as of December 9, 2025. This change reflects a decrease in HUB24’s relevant interest in shares, impacting its voting securities in the company, which may influence its strategic positioning and stakeholder relations.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$125.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in HUB24 Limited as of December 2, 2025. This change in substantial holding involved multiple transactions, including the purchase and sale of securities by entities controlled by First Sentier Group Limited and Morgan Stanley, affecting the voting securities of HUB24 Limited.
The most recent analyst rating on (AU:HUB) stock is a Buy with a A$125.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.
HUB24 Limited hosted its Investor Strategy Day to update stakeholders on its strategic direction. The event, which was streamed live, featured presentations from the Group Executive team, highlighting the company’s ongoing commitment to enhancing financial futures. This strategy day underscores HUB24’s proactive approach in engaging with investors and maintaining transparency about its future plans.
The most recent analyst rating on (AU:HUB) stock is a Hold with a A$101.00 price target. To see the full list of analyst forecasts on HUB24 Limited stock, see the AU:HUB Stock Forecast page.