1H25 Results Presentation

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Stock Netwealth Group Ltd (NWL.ASX)
Release Time 20 Feb 2025, 8:32 a.m.
Price Sensitive Yes
 Netwealth Group Ltd reports record 1H25 results
Key Points
  • Record growth across key metrics including net flows, income, and profit
  • Total FUA as at 18 February 2025 was $105.4B, with net inflows for 3Q25 to date of $1.5B
  • Consistent track record of growth and operational efficiency
Full Summary

Netwealth Group Ltd has reported record growth in 1H25, with strong performance across key metrics including net flows, income, and profit. Total FUA as at 18 February 2025 was $105.4B, with net inflows for 3Q25 to date of $1.5B. The company's total income grew by 26.0% to $155.4M, while EBITDA increased by 32.8% to $78.0M. EBITDA margin improved to 50.2%, up 260 bps from 1H24. NPAT grew by 46.6% to $57.6M. Netwealth has demonstrated a consistent track record of growth and operational efficiency, with a 4-year CAGR in FUA of 29.3%. The company has also seen strong expansion in key high-value customer segments, including HNW, UHNW, and Institutional clients. Netwealth continues to leverage its strategic advantages in wealth solutions, wealthtech, partners and integrations, and insights and analytics to drive innovation and growth.

Guidance

Netwealth reported record financial performance in 1H25, with total income of $155.4M (+26.0%), EBITDA of $78.0M (+32.8%), and NPAT of $57.6M (+46.6%) for the half-year period.

Outlook

Netwealth continues to leverage its strategic advantages in wealth solutions, wealthtech, partners and integrations, and insights and analytics to drive innovation and growth. The company is well-positioned to capitalize on structural shifts in the wealth management industry and meet the evolving needs of its clients.