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Netwealth Group Limited (ASX:NWL)

ALERT: Price-sensitive ASX Announcement for NWL
Current share price for NWL : $19.960 -2.26 (-10.17%)+
Announcement
Release
26 Aug 2026 8:42AM
Price at Release
$22.220
Full Release
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Summary
Netwealth Group Limited reported robust financial and operational performance for the fiscal year 2026, showcasing significant growth across key metrics. The company achieved a 20.6% increase in total income, largely from a 21.0% rise in platform revenue. Adjusted EBITDA grew by 18.0%, supported by strategic investments in technology, governance, and sales capacity. The total Funds Under Administration (FUA) rose by 20.3% to $135.7 billion. Notably, Netwealth expanded its revenue diversification, with non-administration fees comprising 61% of platform revenue. The company also saw significant new account growth, adding over 20,000 new accounts, which fostered increased adviser and client engagement. Additionally, Netwealth strengthened its market position with an increased market share of 9.7% by March 2026. The company's strategic focus on enhancing platform capabilities and client experience, alongside a 9.1% increase in dividends per share, further emphasized its commitment to shareholder value. Overall, Netwealth's strategic investments and solid platform performance underscore its sustained momentum and growth trajectory.
Key Points
  • Netwealth Group Limited achieved strong growth in FY26 with a 20.6% increase in total income, driven by a 21.0% rise in platform revenue.
  • The company's adjusted EBITDA grew by 18.0%, reflecting operational leverage and strategic investments in governance, technology, and sales capacity.
  • Funds Under Administration (FUA) saw a significant increase, growing by 20.3% to $135.7 billion, with custodial FUA contributing $134.3 billion.
  • Netwealth added over 20,000 new accounts in FY26, enhancing adviser and client engagement.
  • The company diversified its revenue streams, with non-administration fees accounting for 61% of platform revenue.
  • Netwealth's competitive position strengthened as it captured a higher market share, reaching 9.7% by March 2026.
  • Strategic investments focused on enhancing platform capabilities, client and adviser experience, and expanding into adjacent segments.
  • The company increased its dividend per share by 9.1%, returning more value to shareholders.
  • Netwealth maintained strong momentum in the platform sector, with record custodial inflows of $32.3 billion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.