Overview of HUB24 Limited's Interim Report

HUB24 Limited (ASX: $HUB) has released its Interim Report for the half-year ended 31 December 2023, demonstrating robust financial performance and strategic developments. The report highlights a 14% increase in underlying net profit after tax (NPAT) to $30.4 million, a 32% rise in fully franked interim dividend to 18.5 cents per share, and a 30% growth in platform funds under administration (FUA) to $72.4 billion. Additionally, the company has made strategic investments and acquisitions, such as the acquisition of myprosperity business, and has voluntarily deregistered certain entities during the reporting period.

Executive Commentary on Financial Performance and Strategic Developments

HUB24's purpose is to empower better financial futures, and we are pleased to report a strong financial performance for the half-year ended 31 December 2023. The 14% increase in underlying net profit after tax reflects our commitment to delivering value to our stakeholders. The rise in fully franked interim dividend and the substantial growth in platform funds under administration demonstrate the effectiveness of our strategic investments and acquisitions. We remain focused on providing integrated platform, technology, and data solutions to the Australian wealth industry, enabling financial professionals to deliver superior outcomes for their clients.

Comprehensive Overview of Financial Performance and Future Prospects

HUB24 Limited's Interim Report for the half-year ended 31 December 2023 showcases strong financial performance, marked by a 14% increase in underlying net profit after tax, a 32% rise in fully franked interim dividend, and a 30% growth in platform funds under administration. The company's strategic investments and acquisitions, including the acquisition of myprosperity business, have contributed to its positive performance. The report provides valuable insights into HUB24's financial position, performance, and future outlook, reinforcing its commitment to empowering better financial futures and delivering value to its stakeholders and investors.