HUB24 Limited (ASX: HUB) Sees Strong Platform Growth Shares Surge

Highlights:

• HUB24 Limited (ASX: HUB) shares surged 10.6% to $118.59 at the time of writing after reporting an 8% rise in platform funds under administration (FUA) to $122 billion for the September quarter.
• The company’s FUA jumped 33% year-on-year, driven by strong adviser inflows and positive market performance.
• HUB24 continues to strengthen its tech-driven platform and adviser network, reinforcing its position as one of Australia’s leading investment platforms.

Platform Momentum Drives Share Jump

HUB24 Limited (ticker HUB) saw its shares rise after reporting that its platform funds under administration (FUA) climbed 8% over the September quarter to A$122.0 billion, and the total FUA rose 33% year-on-year. At the time of writing, this growth helped underpin a solid share-price uptick.

Growth Sources and Strategic Positioning

The quarterly increase in platform FUA was supported by net inflows of A$5.2 billion, along with positive market movements of A$4.1 billion. Adviser uptake also rose steadily: the number of advisers using the HUB24 platform increased to 5,229, representing an 11% lift year-on-year. The company emphasises its tech-led platform and strong adviser relationships as key drivers of this momentum.

Investor Sentiment & Market Reaction

Investors responded positively to the results, viewing the strong FUA figures as evidence of HUB24’s ability to grow in a competitive wealth-platform environment. The growth reassures stakeholders that the business is capturing market share and scaling effectively in the advice-platform space.

What to Watch Next

Markets will be keen to see whether HUB24 can maintain its pace of adviser growth and net inflows, while also converting the growing FUA into improved profitability. Future updates, including the upcoming Investor Strategy Day and full-year results, will be important signals of sustainability.

Bottom line

HUB24’s latest quarter demonstrates meaningful growth in funds under administration and adviser participation. While the numbers are encouraging, the key question remains whether the company can convert this scale into lasting competitive advantage and financial returns going forward.

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