Praemium Ltd · ASX:PPS
Praemium — FY2025 Earnings Presentation
29 slides from Praemium's earnings presentation, Aug 25, 2025
Slide 1: FY2025 Financial Results
For personal use only FY2025 Financial Results 25 August 2025 Presented by Anthony Wamsteker CEO Simon Moore Interim CFO Praemium Limited ACN 098 405 826
Slide 2: Acknowledgement of traditional custodians
For personal use only At Praemium we acknowledge the traditional custodians of country We pay our respect to their elders past and present 2
Slide 3: Disclaimer
Disclaimer For personal use only The material contained in this document is a presentation of general information about the Praemium Group’s activities current as at the date of this presentation (25 August 2025) and is supplementary to the Group’s previous ASX filings as applicable. It is provided
Slide 4: Presenters
Presenters For personal use only ▶ Business Highlights ▶ Financials ▶ Strategy and Outlook Anthony Wamsteker Simon Moore ▶ Questions CEO Interim CFO 4
Slide 5: Business highlights
For personal use only Business highlights
Slide 6: FY25 business highlights
FY25 business Highlights For personal use only 28.1 103 m ▶ Strong 25% revenue growth, flowing $ m $ through to 31% EBITDA uplift FY EBITDA (underlying) Revenue from contracts with customers ▶ Market-leading non-custody solution Up 31% Up 25% ▶ Spectrum launched and grew to $2.4b $ 64.3b Custodial a
Slide 7: Sustained growth trajectory
Sustained growth trajectory For personal use only Revenue Growth - 3 Year CAGR 17.6% EBITDA Growth - 3 Year CAGR 19.1% $m $m 110 30 103.0 28.1 100 25 23.4 90 21.5 82.7 20 80 74.3 16.6 70 15 63.3 60 10 50 40 5 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 7
Slide 8: Strategy progress
Strategy progress For personal use only Product Operations Service Superannuation Growth ▶ Upgrade UX for ▶ Ongoing lean six- ▶ Service standards ▶ Significant ▶ OneVue transition advisers and their sigma productivity benchmark uplift improvements in final stage clients programme to with current aut
Slide 9: Delivering on 2025 objectives
Delivering on 2025 objectives For personal use only Momentum from OneVue acquisition Launch IDPS revenue uplift discipline FY25 12-month impact of Address the adviser and Execute to well- repricing to market for client needs “wrap gap” in constructed plans highly rated SMA the HNW sector Active mana
Slide 10: Investment Trends ratings
Investment Trends ratings Leading in key categories for HNW For personal use only ▶ No. 1 in 2 key categories ▶ No. 1 in 18 sub-categories ▶ No. 3 platform overall ▶ 89% platform rating 10
Slide 11: Comprehensive product suite supports growth in broking segment
Comprehensive product suite supports growth in broking segment For personal use only Dominant market share with strong growth potential c.2300 advisers in stockbroking segment Praemium services around 40% of this segment 11
Slide 12: HNW advice themes supporting future growth
HNW advice themes supporting future growth For personal use only Non-custody growth Market demand for alternatives ▶ 75% of HNW focused advisers have client ▶ 45% growth in alternatives FUA on with non-custodial assets1 Praemium platform in 2 years to $7.4b3 ▶ 3 in 5 anticipate using non-custody ass
Slide 13: Financial results
For personal use only Financial results
Slide 14: Group results
Group results Sound profitability lift For personal use only FINANCIAL SUMMARY FY2024 FY2025 GROWTH $B $B FUA 57.4 64.3 12% ▶ 31% increase in EBITDA FUA Platform 28.1 30.7 9% ▶ 55% increase in NPAT $M $M ▶ 56% increase in EPS Revenue 82.7 103.0 25% EBITDA 21.5 28.1 31% ▶ Demonstrating strong NPAT 8.
Slide 15: FUA growth
FUA growth 12% to $64.3b For personal use only FUA GROWTH FY25 $B CHANGE ▶ Spectrum shows good traction PORTFOLIO ▶ Powerwrap outflows from Scope+ 4.3 15% departed advisers PLATFORM ▶ OneVue outflows attrition on SMA 1.6 14% integration Spectrum (ex OneVue) 0.7 - Powerwrap 0.7 6% ▶ Now able to push
Slide 16: Revenue - 25% growth
Revenue - 25% growth TOTAL REVENUE $110,000,000 ▶ Growth driven by 9% Platform FUA and inclusion of full $19,964,809 $103.0 m year of OneVue revenue. Ex OneVue growth was 13% 25% For personal use only $90,000,000 $82.7 m $349,743 ▶ Platform revenue grew at 32% (20% ex OneVue) $70,000,000 ▶ 2 bps upl
Slide 17: Direct Expenses – disciplined growth
Direct Expenses – disciplined growth DIRECT COSTS $12,000,000 For personal use only $11,000,000 $5,064,321 $1,663,426 11bps ▶ Direct costs driven by FUA growth $10,000,000 $9.3 m $9,000,000 ▶ Ex OneVue direct costs grew by 22% $8,000,000 $7,000,000 13bps but FY25 includes a reallocation of $5.9 m $6
Slide 18: Operating Expenses – underlying discipline
Operating Expenses – underlying discipline, plus full year of OV pre-synergy release OPEX For personal use only $70,000,000 $65.7 m $60,000,000 $55.4 m ▶ OPEX grew 8% excluding OneVue (10% $50,000,000 $40,000,000 pre-direct costs reallocation) $30,000,000 $20,000,000 ▶ OneVue synergies to be extract
Slide 19: Financial performance delivered
Financial performance delivered For personal use only PROFIT OR LOSS FY2024 FY2025 $M $M ▶ SBP expense recognition reflects EBITDA 21.5 28.1 a lower weighting for service Share based payments (2.2) (1.8) tenure plus forfeitures/lapses D&A (5.7) (7.1) One-off costs ▶ D&A reflects an acceleration from
Slide 20: Financial position remains sound
Financial position remains sound BALANCE SHEET FY2024 FY2025 For personal use only $M $M ▶ Solid financial position in terms of Cash 44.3 41.0 capital and liquidity Contract Assets 6.3 6.4 ▶ Total capex of $10.1m ($7.7m FY24) Receivables and Prepayments 7.3 6.6 added, $6m amortisation in FY25. Curre
Slide 21: Strategy and outlook
For personal use only Strategy and outlook
Slide 22: Comprehensive market-leading solutions in HNW advice
Comprehensive market-leading solutions in HNW advice For personal use only ▶ Largest choice of alternative assets ▶ Best platform for non-custody supporting growing demand for the investments. asset class. ▶ Reporting uplift to support greater ▶ Market-leading solution for efficiencies for clients.
Slide 23: Strategic focus and outlook
Strategic focus and outlook ▶ Capitalise on Spectrum’s position as the leading solution for HNW advice For personal use only ▶ Significant uplift in superannuation capability ▶ Continue to deliver the largest range of investments for HNW ▶ Complete integration of OneVue in 1H26 ▶ Prioritise client o
Slide 24: Q&A
For personal use only Q&A
Slide 25: Appendices
For personal use only Appendices
Slide 26: Headcount
Headcount movements Headcount totals » Dec 23: 349 (Aus 269) For personal use only » Jun 24: 381 (Aus 265, OV 41) Headcount by Geography » Dec 24: 364 (Aus 277, OV 38) 450 400 » Jun 25: 366 (Aus 281, OV 35 ) 350 300 250 Higher average Aus Headcount v prior year 41 OneVue added » Group Jun 25: 371 v
Slide 27: Group result – reconciliation
Group result – reconciliation FY25 FY24 $ CHANGE % CHANGE For personal use only $M $M $M Platform 82.2 62.2 20.0 32 Portfolio services 20.8 20.5 0.3 1 Revenue 103.0 82.7 20.3 25 Direct Costs (9.3) (5.9) (3.4) (58) Gross Profit 93.8 76.9 16.9 22 Cost of operations (24.1) (19.0) (5.1) (27) Information
Slide 28: Strong partners
Strong partners Spectrum will boost pipeline For personal use only SMA Half Yearly Netflow Analysis FUM by adviser length of tenure $ 100% 2% 10% 8% 10% 9% 16% 21% 17% 1% 32% 80% 7% 15% 19% 31% 26% 50% 11% 20% 60% 38% 24% 89% 40% 76% 75% 68% 64% 63% 61% 51% 20% 45% 42% 0% -1% 1H 2022 2H 2022 1H 2023
Slide 29: Stakeholder engagement programme
Stakeholder engagement programme For personal use only ▶ Enhanced Cybersecurity Framework with ▶ 93% of employees are Lean Six Sigma trained by adherence to ISO/IEC 27001. certified trainers. ▶ AltInvest brought together advisers with leading ▶ A refreshed Professional Development Program alternativ