Hub24 Limited · ASX:HUB
Hub24 — Investor Presentation (February 2026)
34 slides from Hub24's investor presentation, Feb 19, 2026
Slide 1: FY26 Half Year Results
FY26 Half Year Results 19 February 2026
Slide 2: Overview
Overview Highlights & operating review Andrew Alcock, Managing Director & CEO Financial results Kitrina Shanahan, Chief Financial Officer Strategy & outlook Andrew Alcock, Managing Director & CEO 2
Slide 3: HUB24 – Australia’s leading platform
HUB24 – Australia’s leading platform …driving strong Our market-leading platform… adviser advocacy $10.7b of net inflows a company record for a half-year Australia’s #1 managed best platform account capability #1 platform net inflows 4th year running1 (awarded to HUB24 in 9 of for eight consecutive
Slide 4: Recognised for innovation, customer service and product leadership
Recognised for innovation, customer service and product leadership Investment Trends 2025 Adviser Ratings 2025 Managed Accounts Report Australian Financial • #1 Overall Satisfaction Advice Landscape • #1 Innovation Report • Equal #1 Good Communication HUB24 Platform ranked: • #1 Overall Satisfaction
Slide 5: Highlights & operating review
Highlights & operating review Andrew Alcock Managing Director & CEO
Slide 6: 1HFY26 financial highlights
1HFY26 financial highlights1 Revenue Underlying EBITDA² Statutory NPAT $59.7m 80% Total Group Total Group Total FUA Underlying NPAT2 $152.3b 26% $245.9m $104.9m 26% 35% $68.3m 60% Platform FUA Platform Platform Interim Dividend Fully franked4 $127.9b 29% $199.7m 30% $93.3m 40% $129.8b as at 16 Feb 2
Slide 7: 1HFY26 business highlights
1HFY26 business highlights Leadership and growth Executing our strategy Building for the future Record half-year net inflows of Commenced development of Evolving and investing in our $10.7 billion in 1HFY26 myhub, an ecosystem integrating organisation to support growth and leading advice technology
Slide 8: Consistently delivering growth and profitability
Consistently delivering growth and profitability Group Revenue1 4-YR CAGR +32% Funds under administration Group UEBITDA1 4-YR CAGR +37% 4-YR CAGR +22% FUA Revenue UEBITDA $300m $110m $180b $100m $250m $150b $90m $80m $200m $120b $70m $60m $150m $90b $50m $40m $100m $60b $30m $50m $20m $30b $10m $0m
Slide 9: Growing our market share
Growing our market share HUB24 increased market share by 1.5% to 9.3% HUB24 ranked #6 by FUA (up from #7)1 over last 12 months1 Top 10 platforms by FUA as at September 20251 12-month change in market share of top 10 platforms1 $300b 2.5% % refers to market share Gaining market share Losing market sh
Slide 10: Growing adviser base and increasing FUA per adviser
Growing adviser base and increasing FUA per adviser Advisers 4-YR CAGR +12% Market share increased from 4.5% to 9.3% over last 4 years 2 34% of advisers use HUB241 #1 market share gains over last 12 months2 Advisers using HUB24 and FUA per adviser1 HUB24 Platform FUA and market share2 6,000 34% of a
Slide 11: Significant growth opportunity from existing and new advisers
Significant growth opportunity from existing and new advisers Net inflows from new and existing advisers Latent opportunity Composition of net inflows by tenure of adviser relationship HUB24 has access through relationships to more than 79% FUA per adviser at 1HFY26 of the total adviser market2 was
Slide 12: Class, NowInfinity and myprosperity continuing to grow and support group capability
Class, NowInfinity and myprosperity continuing to grow and support group capability Class accounts Companies on Corporate 535 wealth practices 4-YR CAGR +3% Messenger 4-YR CAGR +13% 118k households Class Companies myprosperity accounts on CM logins 225k 975k 900k 220k 875k 800k 215k 775k 700k 210k 6
Slide 13: Financial results
Financial results Kitrina Shanahan Chief Financial Officer
Slide 14: Group snapshot as at 31 December 2025
Group snapshot as at 31 December 2025¹ Group¹ Platform¹ Tech Solutions¹ 2% 3% 3% 17% Revenue Revenue Revenue $199.7m 31% $245.9m $41.9m Underlying EBITDA Underlying EBITDA Underlying EBITDA $93.3m $14.1m $104.9m Customer base3 Customer base3 5,277 ~6,600 66% 81% 97% Platforms Tech Corporate Custody
Slide 15: Group financial results
Group financial results Operating Revenue ($m) +26% 3.9 1.3 45.5 1HFY26 1HFY25 Change 245.9 Operating Revenue ($m) 245.9 195.2 26% 195.2 Operating Expenses ($m) (141.0) (117.6) 20% 1HFY25 Platform Tech Solutions Corporate 1HFY26 1 Underlying EBITDA ($m) 104.9 77.6 35% Underlying EBITDA margin (%)1 4
Slide 16: Platform financial results
Platform financial results Funds Under Administration ($b) 152.3 4.5 0.7 Strong Platform FUA growth of 29% to $127.9b in 1HFY26 as a 136.4 10.7 24.4 result of record half-year net inflows of $10.7b and positive 3.5 1.7 market movements 120.9 10.3 23.7 Platform UEBITDA growth of 40% in 1HFY26 due to
Slide 17: Platform custody revenue and revenue margin
Platform custody revenue Platform FUA and Custody Revenue1 and revenue margin FUA ($b) Revenue ($m) 150 250 200 100 150 100 Strong correlation of Platform FUA growth to Platform 50 revenue growth which increased 30% on 1HFY25 50 Platform revenue margin of 32bps in 1HFY26 was stable on 0 0 both 1HFY2
Slide 18: Platform UEBITDA and margins
Platform UEBITDA $m 200 Platform Revenue and Expenses UEBITDA Margin (%) and margins 180 160 46 44 140 42 120 40 100 38 80 Platform UEBITDA growth of 40% on 1HFY25 to $93.3m 36 60 in 1HFY26 34 40 • Higher Platform net inflows, growth in FUA and 20 32 associated revenues 0 30 • Continued investment i
Slide 19: Tech Solutions financial results
Tech Solutions financial results Underlying EBITDA ($m) UEBITDA Margin Tech Solutions UEBITDA $14.1m for 1HFY26, up 2% YoY UEBITDA margin 33.8%, down 2.6% as a result of: 36.4% 34.3% 33.8% $3.0 • Revenue growth of 10% from price increases and growth in Class accounts and companies on Corporate Messe
Slide 20: Group expenses and margins
Group expenses Group Expenses ($m) +16% and margins +18% 172.8 12.2 160.6 2.2 (0.6) 6.4 149.0 Investing to support both increased scale and strategic growth objectives (13.4) 20.0 135.6 Total Expenses before Notable Items increased 18% from (3.0) increased employment related costs due to continued i
Slide 21: Increasing profitability
Increasing profitability Underlying NPAT Higher depreciation and Notable items reflect Statutory effective tax rate amortisation due to increased only non-cash of 18% (1HFY25: 28%) with up 60% and Statutory capex levels and increased acquisition amortisation the lower rate in 1HFY26 due to employee
Slide 22: Strong cashflows & balance sheet supporting dividend growth
Strong cashflows & balance sheet supporting dividend growth Fully franked interim dividend of 36.0 cps up 50% on 1HFY25 Group Operating Cashflow Dividends (cps) 1HFY26 dividend payout ratio of 43% 4-YR CAGR +48%1 4-YR CAGR +48% • In line with target payout of Underlying Diluted EPS (cps) 40-60% of U
Slide 23: Strategy & outlook
Strategy & outlook Andrew Alcock Managing Director & CEO
Slide 24: Shareholder value through leading today and creating tomorrow
Shareholder value through leading today and creating tomorrow Creating additional shareholder Strong growth outlook in existing established businesses value through tech solutions HUB24 Platform Class & NowInfinity Technology & data solutions Market leadership with significant Delivering consistent
Slide 25: Uniquely positioned to capitalise on structurally growing markets and industry transformation
Uniquely positioned to capitalise on structurally growing markets and industry transformation Strong growth driven With industry dynamics providing Significant market by structural tailwinds opportunities to disrupt share opportunity Growing and maturing Separation of aligned advisers to private Pl
Slide 26: Leveraging our capabilities to lead industry change
Leveraging our capabilities to lead industry change To enhance productivity for Lead today Client experience Applications1 financial professionals through Delivering customer value and growth One way of doing business with access to market-leading solutions Create tomorrow Single view of wealth for
Slide 27: Developing myhub, a connected ecosystem designed to redefine advice productivity
Developing myhub, a connected ecosystem designed to redefine advice productivity Progressive rollout with first releases to Partner Portal be piloted in 1HFY27 AI + Human Intelligence Driving productivity Access to HUB24 gains Group solutions Single-point access to HUB24 and external partner applica
Slide 28: HUB24 Platform solving adviser and client needs across segments and life stages
HUB24 Platform solving adviser and client needs across segments and life stages Starting out Wealth accumulation Wealth drawdown & preservation Private Wealth / HNW / Broker Private Invest (with non-custodial assets) PARS Choice (with non-custodial assets) Mass affluent Lifetime Retirement Solutions
Slide 29: Continuing to expand our retirement solutions with launch of Lifetime Retirement Solutions
Continuing to expand our retirement solutions with launch of Lifetime Retirement Solutions Empowering advisers to deliver greater confidence in retirement Demand for retirement solutions HUB24’s lifetime retirement solutions 68% 3.6m Of Australians say they’re worried Australians expected to transit
Slide 30: Investing in innovative technologies to deliver new solutions, customer value and further competitive advantage
Investing in innovative technologies to deliver new Our competitive advantage solutions, customer value and Established technology leader with demonstrated value creation for further competitive advantage customers and shareholders Operating in licensed, complex and regulated environment, built on t
Slide 31: Significant opportunity for growth and value creation for customers and shareholders
Significant opportunity for growth and value creation for customers and shareholders FY27 Platform FUA Leverage structurally Strong and reliable HUB24 Platform target upgraded to growing markets and growth from both positioned to demand for integrated existing and new significantly grow solutions cu
Slide 32: Questions?
HUB” Questions?
Slide 33: Contacts
Contacts About HUB24 HUB24 Limited is listed on the Australian Securities Exchange, and includes the award-winning HUB24 Platform, HUBconnect, Class, NowInfinity and myprosperity. James Cordukes The HUB24 Platform offers advisers and their clients a comprehensive range of investment options, includi
Slide 34: Disclaimer
Disclaimer SUMMARY INFORMATION FORWARD LOOKING STATEMENTS The material herein is a presentation of general background information about This presentation contains certain forward-looking statements. The words HUB24 Limited’s (‘HUB’) activities current as at date of presentation. This ‘anticipate’, ‘