HUB +14.2%: A cracking result – strong operating leverage, a clear beat vs expectations, and an upgraded FY27 platform target drove the biggest one-day move since 2014.
1H26 Highlights
- Underlying EBITDA: $104.9m (+35% y/y) v expectations of $97m = 8% beat
- Underlying NPAT: $68.3m (+60% y/y) v expectations of $60.7m = 13% beat
- Platform revenue: $199.7m (+30% y/y)
- Platform FUA: $127.9bn (+29% y/y)
Hard to fault the result, and we now have regret for selling this holding to reduce portfolio beta.
MM is now bullish HUB ~$100 – great execution & flows
Add To Hit List
