1H26 Results Presentation
| Stock | Netwealth Group Ltd (NWL.ASX) |
|---|---|
| Release Time | 18 Feb 2026, 8:20 a.m. |
| Price Sensitive | Yes |
Netwealth Group Ltd Reports Strong 1H26 Results
- Total FUA of $127.3B, up 23.6% with $1.6B in QTD net flows
- Total income up 24.7% and EBITDA up 23.9% with margin of 49.9%
- Continued growth in ancillary revenue streams including trading, investment and cash management
Netwealth Group Ltd has reported strong financial and operational results for the first half of fiscal year 2026. Total funds under administration (FUA) reached $127.3 billion as of February 16, 2026, representing a 23.6% increase year-over-year. The company recorded $1.6 billion in net flows during the quarter-to-date period. Total income grew by 24.7% to $193.8 million, while EBITDA increased by 23.9% to $96.7 million, with an EBITDA margin of 49.9%. The company highlighted continued growth in its ancillary revenue streams, including trading, investment, and cash management capabilities. Netwealth has also made progress on its strategic initiatives, including the launch of new managed account infrastructure, the migration to Snowflake's cloud platform, and the adoption of AI across various functions. The company is well-positioned to capture growth opportunities in the affluent and private wealth segments, with the upcoming launch of its Netwealth Private offering and individual HIN service. Overall, Netwealth delivered a strong performance in the first half of fiscal year 2026, demonstrating its ability to drive growth and operational efficiency across its platform.
Netwealth expects to continue its strong financial performance in the remainder of fiscal year 2026, with further growth in funds under administration, revenue, and profitability. The company has not provided specific financial guidance for the full year.
Netwealth remains focused on executing its strategic initiatives, including the expansion of its product and service offerings, the continued investment in technology and data capabilities, and the strengthening of its position in the affluent and private wealth segments. The company is well-positioned to capitalize on the ongoing shift in the Australian wealth management industry.