• Achieved record Funds Under Administration (FUA) of $125.6B, up 23.6% from 1H25
• Funds Under Management (FUM) increased 30.6% to $31.4B
• Net profit attributable to members (excluding First Guardian expenses) increased 19.9% to $69.0M

Netwealth Group Limited reported strong financial results for the half year ended 31 December 2025. The company achieved record Funds Under Administration (FUA) of $125.6B, an increase of 23.6% from the prior corresponding period. Funds Under Management (FUM) also increased by 30.6% to $31.4B. The strong inflow performance was underpinned by continued contributions from existing financial intermediaries as well as successful conversion of new business across all client segments. Despite continued strength in FUA inflows, net flows were $8.2B compared to $8.5B in the prior corresponding period, driven by $0.4B of outflows attributable to two institutional client accounts. Netwealth's net profit attributable to members (excluding the one-off First Guardian expenses) increased by 19.9% to $69.0M. The statutory net loss of $2.2M reported in 1H26 includes $101.7M in extraordinary expenses relating to the First Guardian Master Fund collapse and subsequent regulatory response. The company's strategic focus remains on strengthening investment governance, investment in product and technology capability, and the expansion of individual HIN and private wealth offerings into high net worth and broker markets, while continuing to reduce reliance on third-party technology providers and drive operational efficiency across the business.

The company did not provide any high-importance, price-sensitive forward-looking financial metrics.

As a leading Australian wealth management platform, Netwealth remains well positioned to capitalise on structural growth opportunities in the sector, supported by ongoing consolidation of platforms, sustained growth in superannuation assets, and increasing demand from advisers for integrated technology solutions that enhance efficiency. The Group maintains a strong financial position, underpinned by predictable recurring and diversified revenue streams, reliable cash generation, and a strong balance sheet.