Shares in HUB24 Ltd (ASX:HUB) rallied to a record high on Tuesday after the investment and superannuation platform group reported record net inflows for the 2025 financial year.
The stock climbed as high as A$102.66 in early trade and was recently changing hands at A$100.65, up 6.5%, as investors welcomed the company’s strong operational momentum and market-leading performance.
HUB24 reported record-breaking platform net inflows of A$19.8 billion for the financial year ending June 30, 2025, up 25% on the prior year. The June quarter alone contributed A$5.3 billion in net inflows, including A$1.2 billion from Equity Trustees (EQT) migrations.
Total funds under administration (FUA) climbed to A$136.4 billion, a 30% year-on-year increase, while HUB24 retained its position as the market leader for both quarterly and annual net inflows. The company also secured top rankings for adviser satisfaction and product innovation, launching its new High Net Worth (HNW) offering, HUB24 Private Invest.
Platform growth backed by strong adviser demand
Platform FUA increased to A$112.7 billion at June 30, 2025, a 34% rise year-on-year. Q4 net inflows reached A$5.3 billion, with underlying inflows of A$4.1 billion excluding large-scale EQT transitions. Full-year inflows stood at A$19.8 billion, of which A$15.8 billion was organic.
The number of advisers using HUB24’s platform rose to 5,097, up 13% on the prior year, supported by 31 new distribution agreements. HUB24 has now topped net inflow rankings for six consecutive quarters and increased its market share to 8.7% as at March 31, 2025.
Portfolio, Administration and Reporting Services (PARS) funds under administration grew to A$23.7 billion, a 16% increase on the prior corresponding period. The number of PARS accounts reached 8,687, up 4% year-on-year. The result underlines the continued growth in demand for HUB24’s non-custodial services across a broad client base.
Innovation drives satisfaction and new HNW capabilities
HUB24 achieved the highest Net Promoter Score (NPS) and ranked first for overall adviser satisfaction in the Investment Trends 2025 Adviser Technology Needs Report. The platform topped 13 categories, including Cyber Security, Platform Reliability and Tax Optimisation Tools.
The company launched HUB24 Private Invest to meet growing demand from wholesale clients. The solution enables access to a wide range of wholesale investments with improved administration, reporting and streamlined documentation.
Q4 platform upgrades included online, same-day processing for key superannuation strategies, enhancing operational efficiency for advisers.
Class and NowInfinity extend technology leadership
Class Super reported its strongest annual growth since FY20, adding 8,006 accounts to reach 215,675. It was ranked the most Feature Rich SMSF software provider, while NowInfinity led in legal document provision for SMSFs and was recognised for innovation.
NowInfinity saw a 12% increase in document orders to 214,107, and Corporate Messenger companies rose to 852,217. Class also launched a new Document Management System and an AI-powered Virtual Mailroom to streamline document handling and boost productivity.