Praemium Ltd · ASX:PPS
Praemium — FY2026 Earnings Presentation
34 slides from Praemium's earnings presentation, Aug 31, 2026
Slide 1: FY2026 Financial Results
For personal use only FY2026 Financial Results Presented by Anthony Wamsteker CEO 3 1 A U G U S T Emma Stepcic CFO 2 0 2 6
Slide 2: Acknowledgement of traditional custodians
At Praemium we For personal use only acknowledge the traditional custodians of country. We pay our respect to their elders past and present. 2 |
Slide 3: Disclaimer
Disclaimer The material contained in this document is a presentation of general information about the Praemium Group’s activities current as at the date of this presentation (31 August 2026) and is supplementary to the Group’s previous ASX filings as applicable. For personal use only It is provided
Slide 4: Praemium is a next-generation investment and wealth platform
Praemium is a next-generation investment and wealth For personal use only management platform trusted by financial advisers, private wealth firms and high-net-worth investors. Our integrated technology brings together managed accounts, portfolio administration, reporting, and digital client experien
Slide 5: Presenters and agenda
Presenters Anthony Emma Wamsteker Stepcic For personal use only CEO CFO 01 Business Highlights 02 Financial Results 03 Strategy and Outlook 04 Questions 5 |
Slide 6: Business Highlights
For personal use only 01 Business Highlights 6 |
Slide 7: Business highlights
Business highlights FY26 Leading Scaling Transforming For personal use only Leading HNW solutions OneVue migration Technotia platform with Scope and Spectrum completed with ~$3m transformation synergies fully embedded progressing to plan in FY27 ($0.7m synergies Strong penetration achieved in FY26)
Slide 8: Financial highlights
Financial highlights FY26 For personal use only $77.9b Custodial and non-custodial FUA $1.9b $32.1m 2.5 cps Fully franked dividend declared Net inflows EBITDA (underlying) Up 21.1% pcp Up 130.1% pcp Up 11.1% pcp Up 14.5% pcp Platform FUA up 10.8% Strategic focus on HNW Increased operating Final $6.1
Slide 9: Sustained growth trajectory
Sustained growth trajectory For personal use only Revenue* Growth ($’m) Underlying EBITDA Growth ($’m) 5 Year CAGR 14.7%* 5 Year CAGR 18.1% 32.1 110.5 28.1 104.5 23.4 21.5 85.7 16.6 76.3 14.0 65.6 55.7 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 9 | *Excludes discontinued operations
Slide 10: Operating leverage
Operating leverage Revenue growth converting into expanding margins The operating leverage engine For personal use only Technology & AI automation +5.7% +2.5% +14.5% plus Technotia removing manual processing FY26 yoy FY26 yoy FY26 yoy Revenue Underlying Underlying operating costs EBITDA Disciplined
Slide 11: High-quality growth led by active advisers
High-quality growth led by +21% active advisers increase in active For personal use only adviser platform FUA 85% Active adviser share of platform FUA High adviser engagement +$5.1bn underpins low churn and sustained growth Growth in FUA in FY26 in high-quality FUA and from active advisers platform
Slide 12: A competitive HNW advantage
A competitive HNW advantage A diversified deeply embedded platform built on capabilities and foundations that competitors are still striving to replicate Resilient revenue streams For personal use only Scalable platform revenue engine (Spectrum, SMA, Super) plus recurring flat fee Purpose built for
Slide 13: Leading the market, early in the opportunity
Leading the market, early in the opportunity The FUA uplift is just beginning — For personal use only the largest firms are still early in onboarding Where Praemium sits today vs the opportunity ahead 65% $3.5t 2 of stockbroking in Chess holdings with +10 x segment serviced a segment looking to reve
Slide 14: Delivering today while building for tomorrow
Delivering today while building for tomorrow Practical improvements that expand capability and strengthen the client experience Simpler administration For personal use only Enhanced digital signatures, cash management and streamlined account processes are reducing friction for advisers and investors
Slide 15: Financial Results
For personal use only 02 Financial Results 15 |
Slide 16: Underlying financial performance improving
Underlying financial performance improving Underlying EBITDA up 14.5% to $32.1m from $28.1m in FY25, with underlying EBITDA margin up 223bps to 29.1% For personal use only Income Statement ($’000) FY26 FY25^ % change Platform revenue increase driven by record FUA from (restated) strong flows, offset
Slide 17: Financial performance: Underlying EBITDA to Statutory NPAT
Financial performance Underlying EBITDA to Statutory NPAT Income Statement ($’000) FY26 FY25^ % change Depreciation & amortisation increase arising (restated) from substantial development assets For personal use only brought into use in late FY25 and early FY26 Underlying EBITDA 32,121 28,055 14.5%
Slide 18: Two revenue engines
Two revenue engines One grows with markets, Platform revenue Portfolio services revenue For personal use only one independent of markets Fee % of AUM (capped) + Flat fee per portfolio Model transactions + cash margins Revenue Adviser and FUA growth, market Growth in number Driver performance, inflow
Slide 19: Strong underlying total revenue growth
Strong underlying total revenue growth Total revenue grew 9.3%** excluding For personal use only Revenue the impact of the OneVue adviser exits ($’m) 60 5 Year CAGR 14.7%* Portfolio services revenue grew 3.4% with growth impacted by a reduction 50 in Scope portfolios with a managed client exit 40 An
Slide 20: Platform revenue growth
Platform revenue growth 10.8%* vs pcp For personal use only Platform Revenue Platform Revenue $’m $m 100 50 95 40 9.1 90 88.9 30 10.8% (3.8) 20 85 83.6 10 80 0 75 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26 2H26 70 65 Platform Revenue Margin FY25 Platform OneVue FY26 bps $’000 40 808 900 Platform r
Slide 21: Strong platform FUA growth with Spectrum traction
Strong platform FUA growth with Spectrum traction For personal use only Platform FUA FUA (June 2026 v June 2025) - $34.0b - up 10.8% $b Spectrum – up 78.2% supported by new business gross inflows of $2.3b since launch in October 35 2024 5yr CAGR 13.0% 30 OneVue fully transitioned on to Praemium plat
Slide 22: Market-leader in non-custody portfolio services
Market-leader in non-custody portfolio services Scope+ Scope+ Up 30.5% Up 15.7% For personal use only FUA $43.9b and 33.7% and 19.6% $’b and 12.8k respectively respectively 50 14,000 portfolios on FY25 on 1H26 45 12,000 40 10,000 Portfolio services revenue grew 3.4% in FY26 with 35 30 growth impacte
Slide 23: Disciplined focus embedding operating leverage
Disciplined focus embedding operating leverage Underlying EBITDA Underlying operating expenses For personal use only $’m $’m 90 20 35% 1.0 32.0% 85 8.1 18 28.8% 80 (2.6) 78.3 17.0 30% 76.4 (4.5) FY27 full 26.4% 75 16 15.2 year 23.6% 15.2 25% 70 savings impact 14 12.9 65 20% 60 12 55 10 15% 50 1H25 2
Slide 24: Operational cashflow remains strong
Operational cashflow remains strong FCF uplift in FY27 For personal use only Free Cash Flow Free Cash Flow Underlying Free Cash Flow impacted by significant tailwinds $’m one-off items in FY26 30 25 24.5 20 2.6 16.6 16.6 OneVue transition FUA and revenue 15 5.4 (7.9) and restructure growth from stro
Slide 25: Strategy and Outlook
For personal use only 03 Strategy and Outlook 25 |
Slide 26: Structural tailwinds for growth
Structural tailwinds for growth A larger, more sophisticated client base meeting a broader, better-connected platform For personal use only No.1 $4.4t +12% $3.5t $4.5t Platform HNW Growth in Broker Super demand alternatives segment segment5 In key HNW segments HNW investable Growth in demand In ASX
Slide 27: Strategy focused on leveraging structural tailwinds
Strategy focused on leveraging structural tailwinds For personal use only Grow Simplify Differentiate Improve returns HNW adviser reach Technology transformation Lead HNW segment Operating leverage Strong net inflows Onboarding efficiency Non-custody offer Cost discipline Grow wallet share Simplify
Slide 28: Technology transformation underpinning earnings growth
Technology transformation underpinning earnings growth Stronger foundations, a sharper experience and faster delivery For personal use only Architecture Interface Trading Digital User transformation rebuild experience onboarding experience workflows Cleaning up the codebase Streamlined workflows, An
Slide 29: Outlook
Outlook For personal use only Strong operating OneVue and Building momentum Technology and financial Technotia synergies in new business transformation momentum carrying now flowing through wins and enterprise underpinning into FY27 to earnings onboarding scalable, sustainable earnings growth 01 02
Slide 30: Questions
For personal use only 30 | 04 Questions
Slide 31: Appendices: Analyst and Investor information
For personal use only 05 Appendices Analyst and Investor information 31 |
Slide 32: Financial history – years
Financial history – 5 years $ million unless stated FY22 FY23 FY24 FY25 FY26 3-yr CAGR 5-yr CAGR FY23–26 FY21–26 FINANCIAL PERFORMANCE ($'m) For personal use only Revenue 65.5 76.3 85.7 104.5 110.5 13.1% 14.7% Platform Revenue (restated) 48.1 57.2 65.2 83.7 88.9 15.8% 18.0% Portfolio Rev
Slide 33: Balance Sheet
Balance Sheet Financial Position remains sound For personal use only Balance Sheet ($m) As at As at 30 June 2026 30 June 2025 Strong balance sheet available to fund future growth (restated)^ Of the $30.1m cash, the Group regulatory net tangible Cash 30.1 41.0 asset requirement is ~$18m, down due to
Slide 34: Revenue recognition and tax reconciliation
Revenue recognition and tax reconciliation Platform revenue adjustment Tax expense adjustment For personal use only Trading and Expense recovery fees included in revenue Tax expense during the year was impacted by an internal review of the income tax treatment of certain expenses incurred resulting