Praemium's Funds Under Administration Up 17% in Fiscal Q3

MT Newswires Live

2025/04/24

Praemium's (ASX:PPS) funds under administration (FUA) reached AU$62.33 billion in the fiscal third quarter ended March 31, a 17% increase from AU$53.27 billion in the year-ago period, according to a Thursday filing with the Australian bourse.

Platform's FUA went up 24% to AU$30 billion from AU$24.25 billion, while Scope+'s FUA rose 11% to AU$32.3 billion from AU$29 billion.

Net inflows for the quarter reached AU$364 million, compared with AU$201 million in the year-ago period.

Praemium's shares were up 2% in recent trade.

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