HUB24 Limited (HUB) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the Hub 24 Limited FY23 results call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press the star one again. For operator assistance throughout the call, please press star zero. And finally, I would like to advise all... Thank you. I'd now like to welcome Andrew Alcock, Managing Director, to begin the conference. Andrew, over to you. It is as always a pleasure to talk about this great company and what we've been building together as a team in this industry and we've got some really good results we'd like to share with you today. So thank you very much. If we move straight to the highlight slide which is the second slide in the pack in terms of our financial results. Some headlines there, we've got continuing momentum and a significant uplift in results with revenue and underlying EBITDA at a group level both up 45%. So that's $102.4 million of underlying EBITDA and that's spread across the segments there as well. So great results, great uplifts for us in FY23. Our total funds under administration for our customers is $80.3 billion and our platform or custodial throughout 30 June was $62.7 billion which is up 26% on last year. As at Thursday last week, that had risen again to 64.5 billion. As we said in our market release note, we've seen a better than Q4 run rate for net inflows so far or to date for FY24 and pleased about that as well. In terms of what that means for shareholders, we've got a final dividend at 18.5 cents fully franked, which is up 48% on PCP. and ...