Hub24 (ASX:HUB) shares surged by as much as 8.9% to A$32.30, documenting their largest intraday gain since November 1, 2021.

The company, which manages a platform providing advisers with an array of investment options, reported an underlying net profit after tax of A$58.8 million, a substantial 64% increase from the previous year.

In addition, a final dividend of 18.5 Australian cents per share was declared, with the total annual dividends reaching 32.5 cents, up 63% from the prior year.

There was also a 15% rise in the number of active advisers utilizing the Hub24’s platform, with the total number reaching 4,011 for the year.

The stock achieved its highest level since October 18, 2022.

As of the previous close, the stock was up 5.4% year-to-date.

Hub24 is a company that operates a platform offering advisers varied investment options.