Azzet reports on three ASX stocks with market-moving news to share today.
Hub24 jumps on record-beating result
Shares in Hub24 (ASX: HUB) were up around 7% at the open, nudging $100 a share for the first time, after the investment and super platform services group announced a record-beating result.
Management told the market today that its funds under management (FUM) increased 10% during Q4 FY25 to $112.7 billion as of June 30, while annual platform net inflows in FY25 hit a record $19.8 billion, up 25% on FY24.
Management attributed much of the result for the 12 months ended 30 June to the large migration of $1.2 billion from Equity Trustees during the fourth quarter.
Excluding large migrations, net inflows were a record $4.1 billion in Q4 FY25, up 33% on the previous period.
The company told investors today that it is well positioned within structurally growing markets - driven by demographic trends and compulsory superannuation - for continued growth, supported by a strong pipeline of opportunities from new and existing relationships.
“Our record FY25 net inflows and ongoing momentum reflect strong customer advocacy… Hub24 anticipates continued growth in the coming periods,” the company said.
Q4 FY25 Highlights include:
- Total Funds Under Administration (FUA) reached $136.4 billion as at 30 June 2025, up 30%.
- HUB24 Platform ranked first for quarterly and annual net inflows.
- HUB24 Platform achieved the highest Net Promoter Score (NPS) and was ranked first for Overall Satisfaction by advisers.
- Launched HUB24 Private Invest, an innovative High Net Worth (HNW) solution Class Super ranked as the most feature rich SMSF software provider and reported the largest annual increase in accounts since FY20.
Shares in Hub24 rallied earlier this month after Bell Potter and Citi both lifted their forecasts for the investment platform.
Bell Potter retained its 'buy' rating on the stock and hiked its 12-month target price from $75 to $100, while Citi upgraded its forecast for Hub24's net profit after tax by 3% to 13% in FY25 to FY27, reflecting market movements and stronger flows.
HUB24 has a market cap of $8.1 billion; the share price is up 115% in one year and up 43% year-to-date.
The stock appears to be in a strong bullish trend confirmed by multiple indicators, with 5-day moving average of the stock price is above the 20 and 50-day moving averages.
Consensus is Hold.
Tyro Payments dives on regulator’s plan to ban fees
While shares in Tyro Payments (ASX: TYR) were down by as much as 14% at the open, they managed to recover some of that lost ground by noon – down 5.44% - after the market reacted to revelations that the Reserve Bank (RBA) was planning to overhaul the payments system.
What appears to have spooked Tyro investors this morning were the RBA’s plans for a long overdue ban on surcharging electronic payments and lower the cap on interchange fees paid by businesses.
While Tyro has not commented on the RBA’s plans, it previously told the market that a surcharge ban would result in little to no impact, clearly the market thinks overwise.
Within a Consultation Paper as part of its Review of Merchant Card Payment Costs and Surcharging, released today, the RBA reached the preliminary view that it would be in the public interest to:
- Remove surcharging on EFTPOS, Mastercard and Visa cards: Consumers currently pay around $1.2 billion in card surcharges each year, and the RBA claims surcharging is no longer achieving its intended purpose of steering consumers to make more efficient payment choices.
- Lower the cap on interchange fees paid by businesses: This could save businesses around $1.2 billion in interchange fees a year.
- Require card networks and large acquirers to publish the fees they charge.
Meanwhile, Tyro Limited has announced the issuance of 344,840 performance rights as part of an employee incentive scheme – a move aimed at motivating and retaining talent within the company.
Tyro’s share price fell from $0.88 to $0.83 23 early June after CEO Jon Davey informed the company's board of his plans to step down to lead an undisclosed private equity-backed business.
Davey will continue as CEO for "up to six months" to "support a smooth transition while an executive search process is undertaken".
Founded in 2003 and headquartered in Sydney, Tyro provides payment solutions to over 73,000 Australian merchants, specialising in online, mobile, and in-store payment systems tailored for businesses in the hospitality, retail, services, and healthcare sectors.
Tyro Limited has a market cap of $459 million; the share price of down 11% in one year and up 6% year-to-date.
The stock’s shares appear to be in a near-term uptrend confirmed by its 20-day moving average.
Consensus is Moderate Buy.
AuKing Mining soars on planned exploration of RE in Canada
Shares in AuKing Mining (ASX: AKN) were up by as much as 50% at the open after the junior explorer announced the commencement of exploration activities at its 100%-owned Myoff Creek niobium/rare earth elements project in eastern British Columbia, Canada.
The little-known, Brisbane-based mining minnow is focused on creating value for its shareholders by identifying and developing projects with significant growth potential.
Situated in south-eastern British Columbia, Myoff Creek has been the subject of exploration activities over 40 years.
Historical exploration at Myoff Creek has already uncovered notable carbonatite mineralisation, with a near-surface zone measuring 1.4 by 0.4 kilometres.
This mineralisation remains open at depth and along strike, suggesting substantial potential for further discoveries.
It’s understood that the Myoff Creek project, comprising eight mineral claims spanning 800 hectares, lies in a geologically significant region known for its rich mineral deposits, including major operations like Teck Resources Ltd’ Highland Valley Copper Mine and Hudbay Minerals’ Copper Mountain Mine.
The initial exploration phase will focus on assessing the extent of carbonatite mineralisation, an area of strong interest due to historical findings and its potential for future discovery.
To help delineate the mineralised zone, AuKing plans to conduct a helicopter-borne aeromagnetic and radiometric survey covering 70 line kilometres across the project area.
Once the aeromagnetic and radiometric survey is completed in the coming weeks, data will be processed and analysed - providing valuable insights into the extent of the carbonatite mineralisation – to determine the next steps.
Managing Director of AuKing, Paul Williams told the market that his initial exploration phase is a crucial step in determining the viability and extent of the resources at Myoff Creek.
“Previous exploration activities (including drilling programs) have identified a 1.4km by 0.4km area of near-surface Nb-REE-bearing carbonatite hosted mineralisation,” he said.
Today’s update follows the raising of $1.177 million earlier this month through a share placement.
In addition, the company signed a term sheet for a $5 million convertible loan facility with RiverFort Global, to provide funding that will be used to complete the acquisition of the Cloncurry Gold project in north-western Qld and proposed subsequent project development activities.
Meanwhile, through an off-market transfer and participation in a share placement issue Kabunga Holdings Pty Ltd has increased its stake in AuKing Mining from 7.96% to 10.04%.
AuKing Mining has a market cap of $4.1 million; the share price is down 68% in one year and up 50% year to date.
The stock’s shares appear to be in a long-term bearish trend confirmed by multiple indicators. Long-term, the 200-day moving average is falling and shows that demand for this stock is low.
Consensus does not cover this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
