Key points
- NPBT up 0.7% to $937,632
- Sold CHPW to Springboard Financial Group
- Increased authorized representatives to 122
- Appointed Chris Kelaher to the Board
- Increased shareholding in Centrepoint Alliance to 18.5%
Full summary
The Australian Wealth Advisors Group Ltd (AWAG) reported its second full year as an ASX-listed entity with a normalized profit before tax (NPBT) of $937,632 for the year ended 30 June 2026, up 0.7% from the previous year. Despite challenging market conditions, AWAG managed to maintain and slightly increase its operating NPBT. The company sold its wealth advisory division, CHPW, to Springboard Financial Group, eliminating conflicts of interest and paving the way for further growth in its network of licensees. AWAG also increased its investments in Cotham Advisory, bringing the total number of authorized representatives to 122. The company has raised its expectations to reach 150 authorized representatives by December 2026. Additionally, AWAG increased its shareholding in Centrepoint Alliance (CAF) to 18.5%, positioning itself for potential corporate activity in the wealth advisory sector. Chris Kelaher, former Managing Director of IOOF, joined the board to oversee the wealth advisory chapter.
Guidance
NPBT of $937,632 for FY2026
Outlook
AWAG is well-positioned for continued growth in FY27, supported by a strong balance sheet, scalable business model, and a pipeline of high-quality acquisition opportunities.