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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 | 124.95M | 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$7.56B | 64.73 | 67.81% | 1.30% | 28.29% | 39.39% | |
66 Neutral | AU$489.39M | 24.55 | 12.36% | 2.51% | -26.30% | 40.12% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | AU$136.71M | 5.64 | 14.15% | ― | -4.69% | -18.65% | |
57 Neutral | AU$430.58M | 31.80 | 12.27% | 2.65% | 24.56% | 59.32% | |
53 Neutral | €99.07M | -151.61 | -0.15% | ― | 5.03% | 52.31% | |
45 Neutral | AU$9.03M | ― | -34.88% | ― | 43.00% | -6078.57% |
Netwealth Group Ltd. Corporate Events
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.
The most recent analyst rating on (AU:NWL) stock is a Buy with a A$41.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$33.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$33.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$33.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$33.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Buy with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Buy with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$35.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$32.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
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.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$32.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. has announced a change in the director’s interest, specifically regarding Sarah Jane Brennan’s indirect interest in the company’s ordinary shares. Brennan increased her holdings by acquiring 3,080 shares through an on-market trade, bringing her total indirect interest to 5,290 shares. This change reflects a strategic move in her investment portfolio, potentially signaling confidence in the company’s future performance.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$32.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. has announced the cessation of Timothy Michael Antonie as a director effective August 31, 2025. Antonie held indirect interests in 55,000 ordinary shares through Netwealth Investments Ltd. as the operator and custodian of the Netwealth Wrap Service, and 5,000 ordinary shares through the Netwealth Superannuation Master Fund. This change in directorship may impact the company’s governance structure and could have implications for its strategic direction, although specific effects on stakeholders were not detailed.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$32.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd., a company in the financial services sector, has been added to the S&P/ASX 100 Index as part of the September 2025 quarterly rebalance announced by S&P Dow Jones Indices. This inclusion reflects the company’s growing prominence in the market and could enhance its visibility and attractiveness to investors. The rebalance also involves several other additions and removals across the S&P/ASX indices, potentially impacting the market dynamics and investment strategies.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$32.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. has announced the application for quotation of 100,039 fully paid ordinary securities on the Australian Securities Exchange (ASX), with an issue date set for September 1, 2025. This move is part of the company’s strategy to expand its capital base, potentially enhancing its market position and providing additional resources for growth initiatives, thereby impacting its stakeholders positively.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$35.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. has announced the issuance of 74,359 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 liquidity options for stakeholders, potentially impacting its operational dynamics and industry positioning positively.
The most recent analyst rating on (AU:NWL) stock is a Buy with a A$41.50 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. has released its Corporate Sustainability Report for FY24-FY25, highlighting its commitment to sustainability through various initiatives. The report outlines the company’s efforts to enhance its core business, ensure transparency, promote diversity and wellbeing, and create a positive social and environmental impact. These initiatives are part of Netwealth’s strategy to strengthen its market position and demonstrate its dedication to corporate responsibility, potentially influencing stakeholder perceptions and industry standards.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is now available on their website. The statement, approved by the board and current as of August 21, 2025, outlines the company’s adherence to ASX Corporate Governance Council recommendations, highlighting its commitment to transparency and regulatory compliance.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. has announced a dividend distribution of AUD 0.21 per share for its ordinary fully paid securities. The dividend relates to a six-month period ending on June 30, 2025, with key dates including an ex-date of September 3, 2025, a record date of September 4, 2025, and a payment date of September 25, 2025. This announcement reflects the company’s ongoing commitment to delivering value to its shareholders and maintaining a strong financial position in the market.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. has released its FY25 results presentation, providing a general overview of its financial condition and operations as of August 21, 2025. The presentation is intended for informational purposes and does not serve as investment advice. Stakeholders are advised to conduct their own research and consult with financial advisors before making investment decisions. The release includes forward-looking statements, highlighting potential risks and uncertainties that could impact the company’s future performance.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Limited announced a robust financial performance for FY25, with record funds under administration net flows of $15.8 billion, marking a 40.4% increase from the previous year. The company reported a total income of $324.4 million, up by 27.1%, and an EBITDA margin expansion to 50.4%, resulting in an EBITDA of $163.5 million, a 31.1% increase. The net profit after tax reached $116.5 million, a 39.8% rise, reflecting strong operational leverage and strategic investments. The growth in platform revenue, driven by increased ancillary and transaction fee incomes, underscores Netwealth’s expanding market presence and investment capabilities, benefiting stakeholders with a 100% fully franked final dividend of 21.0 cents per share.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$34.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.
Netwealth Group Ltd. announced that as of July 31, 2025, it and its controlled entities had control over 1,459,385 voting shares, representing 0.60% of the total voting shares in the company. Additionally, the company reported a net economic exposure to zero shares, indicating no financial exposure through arrangements like derivatives. This disclosure highlights the company’s current position in terms of share control and economic exposure, which may impact its market strategy and investor relations.
The most recent analyst rating on (AU:NWL) stock is a Hold with a A$14.00 price target. To see the full list of analyst forecasts on Netwealth Group Ltd. stock, see the AU:NWL Stock Forecast page.