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An update from Australian Wealth Advisors Group Ltd. ( (AU:WAG) ) is now available.
Australian Wealth Advisors Group Ltd (AWAG) has reported a significant turnaround in its financial performance for its first full year as an ASX-listed entity, achieving a Net Profit Before Tax (NPBT) of $1,181,079 compared to a loss in the previous year. The company has seen a 13% increase in revenue, driven by strategic equity investments and growth in its Funds under Management & Advice (FUMA), which rose to $2.3 billion. AWAG is well-positioned to capitalize on industry consolidation opportunities and anticipates strong corporate and capital markets, aiming to expand its investment portfolio to eight to ten by June 2026.
More about Australian Wealth Advisors Group Ltd.
Australian Wealth Advisors Group Ltd (AWAG) operates in the financial services industry, focusing on funds and investment management through Armytage Private and providing services to wealth management advisors via CHPW Financial. The company is also involved in the rationalization of the Australian financial services and wealth management sectors through corporate activism.
Average Trading Volume: 35,129
Technical Sentiment Signal: Buy
See more insights into WAG stock on TipRanks’ Stock Analysis page.