PPS Analysis: Praemium Limited September Quarter Update FY2026

Event: Praemium Limited September Quarter Update FY2026 | Date: 2025-10-21 | Source: Praemium Investor Updates

Platform FUA Grows 10% YoY with Spectrum Surging 38% in Q1 FY2026

Praemium Limited released its September Quarter Update for FY2026 on 21 October 2025, highlighting robust funds under administration (FUA) growth and strong inflows despite some headwinds. Total FUA reached $67.0 billion, up 13% year-on-year and 4% quarter-on-quarter, driven by platform FUA of $32.0 billion (+10% YoY) and Scope+ FUA of $35.0 billion (+15% YoY). Net inflows for the platform segment were $667 million excluding OneVue transfers, a significant turnaround from the prior quarter's -$37 million, with Spectrum contributing $299 million in net inflows and achieving $1.0 billion in new business within 10 months. However, outflows totaled $1.624 billion, including a $286 million reduction from First Guardian and $117 million from OneVue transitions, partially offset by $474 million in positive OneVue transfers to Spectrum. The update also noted strategic progress, such as stockbroking expansions with Bell Potter and Euroz Hartley, and advancements in Technotia superannuation connectivity for early 2026 rollout. Source: Praemium Investor Updates.