• Robust financial performance with strong revenue and profit growth
• Continued expansion of client base and funds under management
• Successful execution of strategic initiatives to drive future growth

Netwealth Group Ltd, a leading provider of wealth management and investment platform solutions, has announced its financial results for the half year ended 31 December 2024. The company has reported a robust performance, with strong growth in revenue, profits, and client funds under management. Revenue for the half year increased by 15% compared to the prior corresponding period, driven by continued expansion of the company's client base and growth in funds under management. Profit also saw a significant increase, rising by 18% year-on-year, reflecting the company's ability to effectively manage costs and leverage its scalable business model. Netwealth has also made progress on its strategic initiatives, including the successful launch of new product offerings and the continued enhancement of its technology platform. These initiatives are aimed at further strengthening the company's competitive position and driving future growth. The company's balance sheet remains strong, providing the financial flexibility to pursue additional growth opportunities. Overall, Netwealth's half-year results demonstrate the company's ability to deliver consistent and sustainable performance, positioning it well to continue delivering value for its shareholders.

Netwealth expects to achieve revenue growth of 12-15% and profit growth of 15-18% for the full 2025 financial year, compared to the prior financial year.

Netwealth remains confident in its ability to continue delivering strong growth, driven by the ongoing expansion of its client base, increasing funds under management, and the successful execution of its strategic initiatives. The company is well-positioned to capitalize on the growing demand for wealth management and investment platform solutions in the Australian market.