2025 Full Year Results Announcement

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Stock Netwealth Group Ltd (NWL.ASX)
Release Time 21 Aug 2025, 8:38 a.m.
Price Sensitive Yes
 2025 Full Year Results Announcement
Key Points
  • Record funds under administration (FUA) net flows of $15.8B, up 40.4%
  • Closing FUA of $112.8B, up 28.2%
  • Total Income of $324.4M, up 27.1%
  • EBITDA margin of 50.4%, up 150 bps
  • NPAT of $116.5M, up 39.8%
Full Summary

Netwealth Group Limited (Netwealth), a leading provider of integrated platform, technology, and data solutions, is pleased to announce its FY25 financial results. Netwealth delivered a year of exceptional growth across all key metrics including FUA, net flows, income, EBITDA margin and NPAT. The growth in the business saw Total Income increase $69.2M, or 27.1% to $324.4M for FY25. Platform Revenue grew $66.9M, or 26.8% to $316.4M for FY25. FUA net flows were $15.8B, 40.4% higher, resulting in total FUA of $112.8B at 30 June ($118.5B on the 18th August 2025) and the number of accounts grew by 18,983, or 13.3% to 162,234. Netwealth also saw adviser numbers rise to 3,971, up 5.6% over the year. The company delivered strong EBITDA growth of $38.8M, up 31.1% to $163.5M, with the EBITDA margin expanding 150 bps to 50.4%. NPAT was $116.5M, up 39.8% or $33.2M, and the NPAT margin expanded to 35.9%, up from 32.7%. During the year, Netwealth continued to invest in its people, product, security and technology capabilities to support existing and future growth opportunities.

Guidance

Netwealth has commenced FY26 maintaining strong FUA net flows momentum. Total FUA as at 18 August 2025 was $118.5B.

Outlook

Netwealth will continue with its initiatives to invest in its people, product innovation, security infrastructure and technology capabilities. These strategic investments position the company to capitalise on current market opportunities and deliver on its recent market wins, meet customer and member needs and drive ongoing sustainable business growth and returns.