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Market Wrap: Netwealth Shines, Aerometrex Pauses, and Change Financial Turns Profitable

Netwealth Group Ltd has reported a stellar year, with record Funds Under Administration (FUA) net flows of $15.8 billion, a 40% increase from the prior year. The company's total FUA reached $112.8 billion, up 28% for the year, driven by strong inflows and positive market movement. Netwealth also delivered strong Funds Under Management (FUM) net flows of $4.7 billion, with Managed Accounts driving much of the growth.

Elsewhere, Aerometrex Ltd has announced a temporary pause in trading of its securities on the ASX, pending a further announcement from the company. The reason for the trading pause was not specified. However, the company later requested a trading halt, citing a pending announcement regarding a material LiDAR contract.

On a positive note, Change Financial Ltd has exceeded its FY25 revenue guidance, delivering a maiden positive Underlying EBITDA result. The company is targeting further revenue and Underlying EBITDA growth in FY26, with expectations to be net cash flow positive.

In other news, IKE, the PoleOS Company, announced an equity raising of approximately A$20 million, comprising a A$18 million fully underwritten placement and up to A$2 million non-underwritten share purchase plan. The proceeds will be used to fund new product development, accelerate sales and marketing, and provide balance sheet flexibility.

Overall, it's been a mixed day, with Netwealth and Change Financial delivering strong results, while Aerometrex has paused trading, pending a material announcement. Investors will be closely watching the developments at Aerometrex, as well as the progress of IKE's equity raising and growth plans.