• Funds Under Administration (FUA) grew 28.2% to $112.8 billion
• Record annual FUA gross inflows of $29.2 billion and net inflows of $15.8 billion
• Total income increased 27.1% to $324.4 million, enabling strategic investment in platform and service

Netwealth Group Limited (Netwealth) has reported an exceptional year of financial and operational performance in FY2025. The company's Funds Under Administration (FUA) grew by 28.2% or $24.8 billion to reach an all-time high of $112.8 billion, significantly outpacing the Australian wealth management platform market growth of 7.3%. This enabled Netwealth to increase its market share by 1.1 percentage points to 8.7% as at March 2025. The company achieved record annual FUA gross inflows of $29.2 billion and net inflows of $15.8 billion, reflecting the continued trust advisers and their clients place in Netwealth's platform and demonstrating the company's ability to actively win market position through its industry-leading platform capabilities and service delivery. This strong operational performance translated directly to exceptional financial results, with total income increasing by 27.1% to $324.4 million, enabling strategic investment in the platform and service. Total operating expenses grew by 23.3%, resulting in a 31.1% increase in EBITDA to $163.5 million at a margin of 50.4%. Net profit after tax increased by 39.8%, with earnings per share growing 39.2% to 47.6 cents per share. The Board declared a final fully franked dividend of 21.0 cents per share, bringing total dividends to 38.5 cents per share, a 37.5% increase reflecting the strong profit increase and the company's confidence in sustainable growth.

Netwealth is maintaining robust momentum with continued strong FUA growth and positive net flows in the early part of FY2026. The company remains committed to significant investment in its competitive advantages, including its people, technology platform, and security infrastructure, to support its strong growth and confidence in the market opportunities ahead.

Looking ahead to FY2026, the fundamentals supporting Netwealth's business remain exceptionally strong. The company is well-positioned to continue delivering sustainable growth, maintaining its market-leading position, and creating long-term value for all stakeholders.