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Netwealth Group Ltd.
(Sydney:NWL)
Netwealth Group Ltd. (NWL) vs. iShares MSCI Australia ETF (EWA)
Netwealth Group Ltd. Business Overview & Revenue Model
Netwealth Group Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 320.99M | 312.30M | 255.25M | 207.01M | 172.86M | 141.98M |
| Gross Profit | 204.26M | 312.30M | 164.98M | 118.89M | 98.32M | 80.36M |
| EBITDA | 166.77M | 162.88M | 129.51M | 0.00 | 0.00 | 78.43M |
| Net Income | 116.52M | 116.52M | 83.37M | 67.15M | 55.55M | 54.10M |
Balance Sheet | ||||||
| Total Assets | 257.32M | 257.32M | 189.49M | 161.88M | 136.20M | 131.12M |
| Cash, Cash Equivalents and Short-Term Investments | 173.04M | 173.04M | 127.36M | 109.97M | 89.46M | 81.96M |
| Total Debt | 13.50M | 13.50M | 14.91M | 13.59M | 15.09M | 16.43M |
| Total Liabilities | 58.18M | 58.18M | 44.97M | 38.84M | 31.96M | 37.94M |
| Stockholders Equity | 199.14M | 199.14M | 144.52M | 123.05M | 104.24M | 93.18M |
Cash Flow | ||||||
| Free Cash Flow | 125.23M | 118.94M | 85.07M | 73.58M | 56.61M | 36.68M |
| Operating Cash Flow | 126.84M | 126.84M | 89.98M | 79.23M | 59.60M | 37.81M |
| Investing Cash Flow | -39.50M | -39.50M | -5.11M | -4.99M | -3.69M | -3.22M |
| Financing Cash Flow | -65.51M | -65.51M | -67.68M | -53.13M | -48.95M | -38.68M |
Netwealth Group Ltd. Technical Analysis
Netwealth Group Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$6.20B | 53.01 | 67.81% | 1.52% | 28.29% | 39.39% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | AU$114.70M | 7.07 | 9.31% | ― | -5.73% | -36.36% | |
55 Neutral | AU$427.95M | 21.47 | 12.36% | 2.97% | -26.30% | 40.12% | |
53 Neutral | AU$78.52M | -120.16 | -0.15% | ― | 5.03% | 52.31% | |
50 Neutral | AU$382.74M | 28.27 | 12.27% | 2.81% | 24.56% | 59.32% | |
46 Neutral | AU$11.84M | -2.27 | -34.88% | ― | 43.00% | -6078.57% |
Netwealth Group Ltd. Corporate Events
Netwealth Group Limited announced a change in the director’s interest, with Matthew Alexander Max Heine acquiring 30,926 performance rights. This update reflects internal adjustments in the company’s executive holdings, potentially impacting the company’s governance and signaling confidence in its future performance.
Netwealth Group Ltd. announced the issuance of 30,926 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions until the restriction period ends, reflecting the company’s commitment to incentivizing its workforce and aligning employee interests with company performance.
Netwealth Group Ltd. announced that all resolutions were successfully passed at their 2025 Annual General Meeting, as determined by a poll. This outcome reflects strong shareholder support for the company’s strategic direction and governance, potentially enhancing its market position and stakeholder confidence.
Netwealth Group Ltd reported strong financial performance for the 2025 fiscal year, with significant growth in Funds Under Administration (FUA) and Funds Under Management. The company’s market share increased to 8.9%, driven by a 38% capture of industry custodial net flows. Total income rose by 27.1% to $324.4 million, while EBITDA and NPAT saw impressive increases of 31.1% and nearly 40%, respectively. The company also addressed the First Guardian matter, highlighting ongoing efforts to support affected members and collaboration with regulators and the government.
Netwealth Group Ltd. has disclosed its control over 1,559,412 voting shares, representing 0.64% of the total voting shares in the company. Despite this control, the company reports a net economic exposure of zero shares, indicating no financial exposure to changes in share value, which may impact its operational strategy and stakeholder interests.
Netwealth Group Ltd. has announced the application for the quotation of new securities on the Australian Securities Exchange (ASX). The issuance of these securities is part of an employee incentive scheme, indicating the company’s commitment to rewarding and retaining its workforce. This move could potentially strengthen Netwealth’s market position by aligning employee interests with company growth, thereby enhancing operational performance and stakeholder value.
Netwealth Group Ltd. announced the issuance of 12,470 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code NWL. This move is part of the company’s strategy to enhance its market presence and provide additional value to its stakeholders by expanding its securities offerings.
Netwealth Group Limited has lodged an application for financial assistance under Part 23 of the Superannuation Industry (Supervision) Act 1993 due to the collapse of the First Guardian Master Fund (FGMF), which has impacted 1,088 members with a total exposure of approximately $101 million. The application aims to restore the affected members to their pre-fraud positions, although the timing and outcomes of the Minister’s decision remain uncertain. The Australian Securities and Investments Commission (ASIC) is investigating the fraudulent conduct that led to these losses, and Netwealth is cooperating with all relevant stakeholders to achieve the best financial outcomes for its members.
Netwealth Group Ltd. has announced its 2025 Annual General Meeting, scheduled for November 12, 2025, at the Westin Hotel in Melbourne. The meeting will cover several key business items, including the consideration of financial reports, re-election of directors, and approval of the CEO’s long-term incentive award. The meeting will also address an increase in the non-executive directors’ fee pool. Shareholders can attend in person or via a live stream, with options to vote online or by proxy.
Netwealth Group Limited reported a strong performance for the September 2025 quarter, with total Funds Under Administration (FUA) reaching $120.8 billion, marking a 26.6% increase from the previous year. The company achieved record net flows of $4.1 billion, driven by organic growth and market movements, and saw significant growth in Managed Accounts and non-custodial services, indicating a robust market position and positive momentum across its offerings.
Netwealth Group Ltd. announced the cessation of certain securities due to the lapse of performance rights that did not meet the necessary conditions. This development may impact the company’s capital structure and could influence stakeholder perceptions regarding the company’s operational efficiency and strategic planning.
Netwealth Group Ltd. has announced the issuance of 33,846 performance rights under an employee incentive scheme. These securities are unquoted and subject to transfer restrictions, reflecting the company’s commitment to incentivizing its workforce while potentially impacting its operational dynamics and stakeholder interests.
Netwealth Group Limited announced a change in the indirect interest of its director, Michael Max Heine, in the company’s shares. The change involves the termination of an agreement that allowed Heine and Heine Brothers Pty Ltd to direct votes attached to 13,408,265 shares held by Leslie Max Heine Pty Ltd as trustee for The LMH Trust. Consequently, Heine’s indirect interest in shares has decreased to 100,040,000 shares. This adjustment reflects a shift in the director’s influence over the company’s voting shares, potentially impacting governance dynamics.
Netwealth Group Limited announced a change in the director’s interest, specifically regarding Matthew Alexander Max Heine’s indirect interest in the company’s shares. The change involved the cessation of Heine’s relevant interest in 13,408,265 fully paid ordinary shares held by Leslie Max Heine Pty Ltd as trustee for The LMH Trust. This adjustment impacts the total number of shares Heine indirectly holds, which now stands at 103,421,775 shares. The announcement reflects internal adjustments in shareholding arrangements, which may influence the company’s governance and shareholder dynamics.
Netwealth Group Ltd. has announced a change in the director’s interest, specifically involving Matthew Alexander Max Heine. The change includes his direct interest in 153,232 unlisted options and 117,885 unlisted performance rights. This adjustment reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its market positioning and stakeholder relations.
Netwealth Group Ltd. has announced the issuance of 153,232 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) on September 15, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional value to its stakeholders, potentially impacting its operational dynamics and market positioning positively.
Netwealth Group Ltd. announced the application for the quotation of 9,296 ordinary fully paid securities on the Australian Securities Exchange (ASX), scheduled for issuance on September 15, 2025. This move is part of an employee incentive scheme, indicating the company’s strategy to enhance employee engagement and align their interests with corporate growth, potentially impacting its market positioning and stakeholder value.