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How Praemium’s $9.9M Profit Surge and AI Buyout Signal Wealth Tech’s Future
9:03am on Monday 23rd of February, 2026 AEDT
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Financial Services
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How Praemium’s $9.9M Profit Surge and AI Buyout Signal Wealth Tech’s Future
9:03am on Monday 23rd of February, 2026 AEDT
Key Points
Net profit after tax surged 69.5% to $9.9 million
Total funds under administration grew 9.6% to $70.5 billion
Successful completion of OneVue platform transition with expected adviser attrition
Acquisition of Technotia Laboratories to boost AI-driven innovation
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PRAEMIUM (ASX:PPS)
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