• Record FUA net flows of $15.8B, up 40% from FY24
• Total FUA of $112.8B, up 28% for FY25
• Strong FUM net flows of $4.7B, with Managed Accounts driving growth

Netwealth Group Limited (Netwealth), a leading Australian wealth management and technology company, has provided a business update for the June 2025 quarter. The company reported record financial year FUA net flows of $15.8 billion, a $4.5 billion or 40% increase from FY24. Total FUA at 30 June 2025 reached $112.8 billion, an increase of $8.7 billion for the quarter, including $3.8 billion of FUA net flows and $4.9 billion of positive market movement. This represents a total FUA increase of $24.8 billion (28% higher) for FY25, including $15.8 billion in FUA net flows and $9.0 billion in market movement. Netwealth also delivered strong Funds Under Management (FUM) net flows of $1.1 billion for the quarter, 16% higher than the prior corresponding period, with total FUM increasing by $6.5 billion to $27.0 billion, 32% higher than a year ago. The FUM growth was concentrated in Managed Account products, with net flows for the quarter of $1.1 billion, being 34% higher than the prior corresponding period and accounting for 96% of all FUM net flows. Netwealth continues to invest in its people, products, security and technology capabilities to drive innovation, client service levels and resilience with the objective of sustainable revenue and profit growth. The company remains in a strong financial position, with high profitability, strong cash generation, and significant cash reserves.

Netwealth remains confident in its net flows outlook for FY26 and beyond, across a broad range of client groups and customer tiers. The company's revenue base is highly recurring and well diversified across customer segments, products and revenue sources, providing stability and resilience across different market conditions.

Netwealth will continue to invest in its people, products, security and technology capabilities in FY26 and the medium term, to capitalise on both existing and emerging market opportunities, and to drive innovation, client service levels and resilience with the objective of sustainable revenue and profit growth.