Netwealth Group Limited (ASX:NWL) Reports Funds Under Administration
Financial Performance
Netwealth Group Limited achieved Funds Under Administration (FUA) net flows of $3.5 billion for the March 2025 quarter, a 29% increase from the prior corresponding period. The company also reported record net flows of $12.0 billion year-to-date, marking a 61% increase from the previous year. Total FUA reached $104.1 billion, up by $2.5 billion for the quarter.
Operational Highlights
The number of accounts increased by 4,301 to 155,738, reflecting a 13% rise over the preceding 12 months. Netwealth maintained a high level of recurring and diversified revenue, ensuring stability and resilience in volatile markets. Funds Under Management (FUM) saw net flows of $1.0 billion for the quarter, a 51% increase from the prior corresponding period.
Future Outlook
Netwealth expects strong seasonal FUA net flows in the June quarter and remains confident in its net flows outlook for FY26 and beyond. The company continues to invest in broadening its revenue sources and enhancing its technology platform to drive sustainable growth and innovation.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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