• Funds under administration (FUA) net flows of $8.5B, an increase of 80.2%
• Total income of $155.4M, an increase of 26.0%
• EBITDA margin of 50.2%, an increase of 260bps

Netwealth, a leading provider of integrated platform, technology, and data solutions, is pleased to announce its 1H25 financial results. The company delivered a record half of growth across key metrics including FUA net flows, income, and profit. FUA net flows were $8.5B, an increase of 80.2%, resulting in total FUA of $101.6B at the end of the period. Total income increased 26.0% to $155.4M, underpinned by a 24.9% increase in platform revenue. EBITDA increased by 32.8% to $78.0M, with the EBITDA margin expanding by 260bps to 50.2%. NPAT grew by 46.6% to $57.6M, delivering an NPAT margin of 37.1%. The company continues to invest in its people, product, security, and technology capabilities to drive sustainable profit growth and benefits to customers and members. Netwealth remains in an excellent financial position, with high profitability, strong cash generation, and significant cash reserves.

For 2H25, Netwealth expects headcount growth to increase, total operational expenses (inclusive of Xeppo and Flux) to grow by approximately 5%, and investment in capitalised software to increase by approximately $2M.

Netwealth continues to extend its competitive advantage, building on its leading technology and service capabilities to support existing clients and to capture emerging opportunities across its key market segments. The company remains focused on broadening the functionality of its platform, reducing reliance on 3rd party systems, and refreshing its technology infrastructure.