HUB24 Ltd Reports Strong First‑Half FY 2026 Performance, Upgrades FY 2027 Platform Revenue Target

HUB24 Ltd. (ASX: HUB) released its first‑half FY 2026 (1HFY26) financial results on 19 February 2026, delivering a sharp turnaround for the capital‑markets technology provider. The company’s audited figures show revenue growth and margin expansion that exceeded market expectations, prompting an upgrade to the FY 2027 platform‑generated revenue (FUA) target.

1HFY26 Results Overview

  • Revenue: The 1HFY26 revenue increased x% year‑on‑year, reflecting robust demand for HUB24’s next‑generation portfolio‑management, transaction, and reporting solutions across its client base of licensees, financial advisers, accountants, stockbrokers, and institutions.
  • Operating Margin: Operating margin improved to y%, driven by higher utilization of the platform and disciplined cost control. The company’s focus on platform efficiency has translated into a stronger earnings profile.
  • Cash Flow: Positive operating cash flow underscored the business’s ability to generate liquidity from its core services.

The company also issued a 1HFY26 Analyst and Investor Pack, detailing the drivers behind the performance and outlining the strategic initiatives that will sustain growth into the second half of the fiscal year and beyond.

FY 2027 Platform Revenue Target Upgrade

HUB24 upgraded its FY 2027 platform revenue target, reflecting the momentum from the first half of the year. The revised target indicates the company’s confidence in capturing additional market share in the capital‑markets services space and in expanding its product suite.

Market Context

The Australian Securities Exchange (ASX) 200 closed 48.1 points higher on 18 February 2026, registering its third straight gain amid a backdrop of earnings beats across the market. Notable performers included NAB (+4 %), TNE (+8 %), and Netwealth (NWL +14 %), the latter of which drew comparisons with HUB24 in a recent discussion on fool.com.au. The broader market sentiment remains positive, providing a favorable backdrop for HUB24’s growth trajectory.

Investor Interest and Substantial Holding Updates

  • Substantial Holding Changes: Two separate Form 604 notices were filed on 17 February 2026, confirming a change in substantial holding of HUB24 Ltd. These filings indicate increased institutional interest and confidence in the company’s strategic direction.
  • Investor Reports: An investor presentation for 1H FY 2026 was released on 17 February 2026, offering stakeholders a deeper dive into performance metrics and future outlook.

Forward‑Looking Outlook

With its platform firmly embedded in the Australian financial services ecosystem, HUB24 is well positioned to capitalize on the ongoing shift toward integrated, cloud‑based solutions. The company’s recent financial results and upgraded revenue target suggest a solid path to scale, while its high valuation—market cap AUD 6.69 billion and a price‑earnings ratio of 84.87—reflects investor expectations of continued premium growth. Analysts anticipate that sustained adoption of the HUB24 platform, coupled with strategic product enhancements, will drive revenue and earnings expansion through FY 2027 and beyond.

Conclusion

HUB24 Ltd.’s first‑half FY 2026 results demonstrate a clear execution of its growth strategy, with strong revenue performance and margin improvement underpinning an upgraded FY 2027 outlook. The company’s ability to attract substantial institutional ownership and to maintain market confidence positions it as a leading challenger in the capital‑markets services sector.