BUZZ-Australia's HUB24 hits two-month high on funds under administration growth

Reuters
Jan 20
BUZZ-Australia's HUB24 hits two-month high on funds under administration growth

** Shares of Australia's HUB24 HUB.AX rise as much as 8.4% to A$106.71, their highest level since November 17

** Stock posts biggest intraday pct gain in three months

** Wealth platform's total funds under administration (FUA) stood at A$152.3 billion ($102.22 billion) at December 31, 2025, up from A$146.5 billion at September 30

** Brokerage Citi says it sees potential for mid-single digit upgrades for co's net profit after tax

** HUB top gainer on broader Australian benchmark index .AXJO, which is down 0.26%

** HUB up 9.5% YTD after a 38.3% rise in 2025

($1 = 1.4899 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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