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Praemium Accelerates Growth with 21% FUA Surge and Strategic Tech Overhaul

8:12am on Monday 31st of August, 2026 AEST Financial Services
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Praemium Accelerates Growth with 21% FUA Surge and Strategic Tech Overhaul

8:12am on Monday 31st of August, 2026 AEST
Key Points
  • Total Funds Under Administration up 21.1% to $77.9 billion
  • Revenue rises 5.7% to $110.5 million with underlying profit after tax up 2.9%
  • Technotia acquisition boosts AI and machine learning capabilities
  • Technology division restructure to cut $9 million in annual salary costs
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