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24 HUB2 ASX Release : 23 February 2021 HUB24 reports record first half Financial services provider HUB24 ( ASX : HUB ) today announced its results for the half year ended 31 December 2021 ( 1HFY21 ) , reporting Group Underlying Net Profit After Tax ( NPAT ) of $ 7.5m ( up 39 % on 1HFY20 ) and Group Underlying EBITDA of $ 16.4m ( up 41 % on 1HFY20 ) .1 Platform Funds Under Administration ( FUA ) increased by 39 % to $ 22 billion ( currently $ 24 billion ) from 1HFY20 and the Group set a new half year record for Platform net inflows of $ 3.1bn , up 24 % on 1HFY20.² Total FUA , including the recently acquired Portfolio Administration and Reporting Service ( PARS ) from Ord Minnett , reached $ 31 billion for the half . Other key highlights for 1HFY21 • • • • • Awarded Best Overall Platform ( up from 2nd place in 2020 ) ³ Awarded Best Platform Managed Accounts functionality for the 5th year running³ Platform segment Revenue of $ 43.8 million , up 25 % on 1HFY20 Platform segment Underlying EBITDA of $ 17.4 million , up 26 % on 1HFY204 First half dividend of 4.5 cents per share , fully franked , a 29 % increase from 1HFY20 Finalising strategic transactions announced in October 2020 and commenced transition and integration activities . The abnormal costs related to the strategic transactions this half impacted Statutory NPAT by $ 1.7 million , with HUB24 recording a Statutory NPAT of $ 6.1 million . Underlying NPAT was up 39 % to $ 7.5 million , after adjusting for one - off strategic transactions costs and final consideration for the acquisition of Agility Applications Limited . During 1HFY21 HUB24 has continued its growth momentum posting record net inflows of $ 3.1 billion for the half as well as maintaining 2nd place for annual net inflows.5 The company has moved to 9th place with a FUA market share of 2.3 % ( up from 11th place and 1.6 % as at September 2019 ) .5 As a result of the company's commitment to constant innovation and customer service excellence HUB24 has won Best Platform Overall in the recent Investment Trends survey , and for the 5th year running was awarded Best Platform Managed Accounts functionality.³ The strategic transactions announced in October 2020 , strengthen the company's position as the leading provider of integrated platforms , data and technology services for financial advisers , stockbrokers , private banks , licensees , accountants and their clients . The acquisition of Ord Minnett ( PARS ) was completed at the end of November 2020 , with the PARS team moving across to HUB24 . In addition , HUB24's off - market proportional offer for 1 out of every 3 Easton Investments Limited ( Easton ) shares has now closed . As a result of this offer and the divestment of Paragem Pty Limited to Easton , HUB24 now owns 38 % of Easton . Finally , the proposed acquisition of Xplore Wealth Limited ( Xplore ) by Scheme of Arrangement is on track to complete on 2nd March 2021 . HUB24 Limited | ABN 87 124 891 685 | ACN 124 891 685 GPO Box 529 , Sydney , NSW 2001 Level 2 , 7 Macquarie Place , Sydney , NSW 2000 Australia T +61 2 8274 6000 F 1300 781 689 W hub24.com.au