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Netwealth Group Ltd Reports Strong FY2025 Results

Netwealth Group Ltd has delivered an exceptional year of financial and operational performance in FY2025. The company's Funds Under Administration (FUA) grew by 28.2% to reach a record $112.8 billion, significantly outpacing the broader wealth management market. This enabled Netwealth to increase its market share by 1.1 percentage points to 8.7%.

The strong operational results translated directly to impressive financial outcomes. Total income increased by 27.1% to $324.4 million, driving a 31.1% rise in EBITDA to $163.5 million at a margin of 50.4%. Net profit after tax grew by 39.8%, with earnings per share up 39.2% to 47.6 cents.

Netwealth's platform innovation and focus on operational efficiency have been key drivers of this performance. The company achieved record annual FUA gross inflows of $29.2 billion and net inflows of $15.8 billion, reflecting the continued trust advisers and clients place in Netwealth's industry-leading capabilities.

Looking ahead, Netwealth is maintaining robust momentum with strong FUA growth and positive net flows in the early part of FY2026. The company remains committed to significant investment in its people, technology, and security infrastructure to support its strong growth trajectory and capitalize on the market opportunities ahead.

Goodman Group Delivers Robust FY25 Results

Goodman Group has reported a strong operating result for the financial year 2025 (FY25), with operating profit up 13% to $2,311.2 million and operating earnings per security (OEPS) growth of 9.8% to 118.0 cents.

The Group's total portfolio value increased 9% to $85.6 billion, driven by development completions, acquisitions, and revaluation gains. Goodman maintained high occupancy at 96.5% and a weighted average lease expiry of 5.0 years.

Goodman has made significant progress on its data centre strategy, establishing new partnerships and expanding its global power bank to 5.0 GW across 13 major cities. Data centres now account for 57% of the Group's development work in progress.

Looking ahead, Goodman is targeting OEPS growth of 9% in FY26, underpinned by the strong fundamentals of its business and the attractive opportunities in the data centre sector. The Group remains well-positioned to capitalize on the growing demand for essential infrastructure supporting the digital economy.

Objective Corporation Reports Robust FY2025 Results

Objective Corporation, an ASX-listed software company, has reported strong financial results for FY2025, with 15.1% growth in annualised recurring revenue (ARR) to $120 million and an adjusted EBITDA margin of 39%.

The company's commitment to innovation is a key differentiator, with 30% of software revenue invested in research and development (R&D). This has enabled Objective to deliver new capabilities and solutions for its customers, particularly in the areas of AI, content management, and regulatory compliance.

Objective's organic growth has been driven by advancements in its core product offerings, as well as the successful integration of its Isovist acquisition, which has strengthened the company's presence in the planning and building software market.

Looking ahead, Objective is targeting ARR growth of 15% and profit growth above that level in FY2026, as it continues to capitalize on the permanent demand drivers in the GovTech market and its strong, resilient business model.

Whitehaven Coal Reports Solid FY25 Results

Whitehaven Coal has delivered a strong financial performance for the 2025 financial year, with revenue up 53% to $5.8 billion and net profit after tax up 83% to $649 million.

The company's underlying net profit after tax, however, decreased by 57% to $319 million, reflecting the cyclical nature of the coal market. Whitehaven maintained a strong focus on safety and environmental performance, with zero enforceable actions during the year.

Whitehaven's managed run-of-mine coal production increased by 60% to 39.1 million tonnes, driven by the acquisition of the Queensland operations. The company also announced a lower capex program for the Narrabri Stage 3 Extension project, reducing the estimated cost from $800-850 million to $260-300 million.

Looking ahead, Whitehaven expects to maintain its disciplined approach to capital allocation, targeting a payout ratio of 40-60% of underlying net profit after tax through a combination of dividends and share buy-backs. The company remains confident in the long-term outlook for thermal and metallurgical coal markets, particularly in India and other developing economies.