Netwealth Group
NWL.ASXFinancials
Provider of superannuation and non-superannuation platform products to financial intermediaries and clients
Market Data
$22.370
+0.0%$5.4B
95.3x
$0.231
1.88%
-0.2%
Latest Earnings
Half Year Accounts and Appendix 4D
18 February 2026
Netwealth reported a statutory net loss of $2.2M in 1H26, heavily impacted by a one-off $100.7M compensation payment related to the First Guardian Master Fund collapse. Excluding this extraordinary expense, underlying net profit grew 19.9% to $69.0M on strong platform revenue growth of 25.3% to $189.0M. The company maintains strong fundamentals with record FUA of $125.6B and continues paying stable dividends despite the regulatory setback. Key points: Record FUA of $125.6B, up 23.6% with strong $16.6B gross inflows; Underlying revenue growth of 25.3% to $189.0M outpacing FUA growth; Managed Account balances grew 32.3% to $27.5B with $3.4B net flows
Recent Announcements
Morgan Stanley Platform Agreement and Market Update
Netwealth Group Limited announced an expanded agreement with Morgan Stanley Wealth Management Australia to provide a platform solution for ASX-listed equities and domestic investments, marking the company's first major client win in the stockbroking and private wealth segment. The announcement also includes a market update with FY26 net FUA flows of $15.4 billion and FY27 guidance of $18-20 billion net flows with a 47% EBITDA margin.
Ceasing to be a substantial holder
Pinnacle Investment Management Group Limited ceased to be a substantial holder (20%).
Half Year Accounts and Appendix 4D
Netwealth reported a statutory net loss of $2.2M in 1H26, heavily impacted by a one-off $100.7M compensation payment related to the First Guardian Master Fund collapse. Excluding this extraordinary expense, underlying net profit grew 19.9% to $69.0M on strong platform revenue growth of 25.3% to $189.0M. The company maintains strong fundamentals with record FUA of $125.6B and continues paying stable dividends despite the regulatory setback. Key points: Record FUA of $125.6B, up 23.6% with strong $16.6B gross inflows; Underlying revenue growth of 25.3% to $189.0M outpacing FUA growth; Managed Account balances grew 32.3% to $27.5B with $3.4B net flows
Earnings Release - 18 February 2026
Upcoming earnings release expected 18 February 2026 (from Yahoo Finance (confirmed))
2025 Full Year Results Announcement
Netwealth delivered exceptional FY25 results with record FUA net flows of $15.8B (+40.4%), driving total income to $324.4M (+27.1%) and EBITDA of $163.5M (+31.1%), while significantly expanding margins and increasing the dividend by 37.5%. Strong operating leverage generated 150 bps of EBITDA margin expansion to 50.4%, with NPAT up 39.8% to $116.5M, benefiting from structural industry tailwinds and market share gains against legacy platforms. Key points: Record FUA net flows of $15.8B (+40.4%), with record FUA inflows of $29.2B, demonstrating strong market share gains gaining 110 bps to 8.7% against legacy platforms; Closing FUA of $112.8B (+28.2%) with $118.5B on 18 August 2025, supported by 18,983 new accounts (+13.3%) and 5.6% growth in financial intermediaries to 3,971; EBITDA margin expanded 150 bps to record 50.4% with $163.5M EBITDA (+31.1%), demonstrating significant operating leverage as expense growth of 23.3% significantly lagged income growth of 27.1%
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