Praemium
Half Year Report
31 December 2022
Praemium Limited ACN: 098 405 826
Founded in 2001, Praemium Limited is a leading provider of portfolio administration, investment platforms and financial planning tools to the wealth management industry.
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Contents
Appendix 4D | 5 |
Half Year Highlights | 6 |
Directors' Report | 7 |
Financial Summary | 9 |
Comments On Financial Performance | 10 |
Auditor's Independence Declaration | 11 |
Accounts For The Half Year Ended 31 December 2022 | 12 |
Consolidated Statement of Profit & Loss and Other Comprehensive Income | 12 |
Consolidated Statement of Financial Position | 14 |
Consolidated Statement of Changes In Equity | 15 |
Consolidated Statement of Cash Flows | 16 |
Notes To The Financial Statements | 17 |
Directors' Declaration | 24 |
Independent Audit Report | 25 |
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Praemium is a leading investment platform in Australia,
catering to the emerging and established affluent investor market.
From launching the most comprehensive non-custody offering in 2001 to being the first platform to launch SMAs in 2005, Praemium has always been at the forefront of innovation in the wealth management industry.
In response to the growing need of the wealth management industry Praemium launched its Third Party Administration, and acquired Powerwrap to enhance its technology, service, and products to the private wealth market.
Praemium provides unconstrained flexibility to manage all assets and investment structures for all clients on
a single platform. It's why some of the largest financial institutions and over 40% of the Barrons Top 100 advisers use Praemium.
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Appendix 4D
ASX Half year Report
Name of entity: | Praemium Limited | |
ABN: | 74 098 405 826 | |
Reporting period: | Half year ended 31 | December 2022 |
Previous corresponding period: | Half year ended 31 | December 2021 |
Results | ||
Revenue from ordinary activities | Increased 17% to $35,444,757 | |
Profit from ordinary activities after tax attributable to members* | Increased by 1123% to $10,040,015 | |
Net profit for the period attributable to members | Increased by 449% to $9,091,894 |
* Excludes restructure, arbitration and acquisition costs.
Brief explanation of the figures reported above
Refer to the attached Half year Report (Directors' Report - Review of Operations section), for commentary on the half year results.
Notes to Appendix 4D - for the half year ended 31 December 2022
Current period | Previous period | |
Net tangible assets per security* | 9.1 | 3.0 |
Dividends | No dividends are proposed for the period. | |
Additional dividend information | $25,804,085.45 dividend paid on 10 August 2022. | |
Dividend reinvestment plan | Not applicable | |
Details of associates and joint venture entities | Not applicable | |
Compliance Statement | This report is based on financial statements reviewed by the | |
auditors, copies of which are attached. |
*calculation of the net tangible assets excludes right-of-use assets
Anthony Wamsteker - CEO & Executive Director
27 February 2023
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