• Total FUA of $125.8B, up 20.9% YoY
• FUA net flows of $4.0B, demonstrating sustained momentum
• Managed Account net flows of $1.2B, up 34.8% YoY

Netwealth Group Limited, a leading Australian wealth management and technology company, has reported a strong performance for the March 2026 quarter. Total custodial FUA inflows were $7.6B, up 19.4% on the prior corresponding period, demonstrating sustained and increasing momentum in the business. Total FUA at 31 March 2026 reached $125.8B, up 20.9% year-on-year. Over the quarter, total FUA was up 0.2%, with positive FUA net flows of $4.0B offsetting broader market declines of $3.7B. FUA net flows excluding pension payments were $4.3B. Managed Account net flows were $1.2B, up 34.8% on the prior corresponding period, with record trailing twelve-month net flows of $5.6B. The total number of Accounts increased by 4,454, or 2.6%, for the quarter to 176,675 Accounts, a 13.4% increase year-on-year. Netwealth continued to progress key initiatives supporting growth, adviser capability, and regulatory compliance, including the individual HIN solution and platform enhancements. The company was also recognized with a Silver award in the Technology category at the 2026 Australian Financial Review BOSS Best Places to Work Awards.

For FY26, Netwealth expects FUA net flows to not differ materially from FY25, an EBITDA margin of approximately 49% (excluding any impact of First Guardian), and investment in capitalised software of approximately $12M. FY26 dividends will be based on underlying earnings (excluding the one-off compensation payment).

Netwealth remains in a strong financial position, with high profitability, strong EBITDA margin, high correlation between EBITDA and operating cashflow, very high levels of recurring revenue, low capital expenditure, strong cash reserves, and a strong balance sheet.