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Netwealth Group (NWL) investor relations material

Netwealth Group Q1 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 TU earnings summary8 Oct, 2025

Executive summary

  • Total Funds Under Administration (FUA) reached $120.8B at 30 September 2025, up 26.6% year-over-year, with record first-quarter net flows of $4.1B and positive market movement of $3.9B.

  • Managed Account net flows hit a record $1.6B, up 49.4% from the prior quarter, and 44 new Managed Account models were added.

  • The number of accounts grew by 5,146 (3.2%) during the quarter, totaling 167,380.

  • Non-custodial FUA exceeded $1.0B for the first time, up 82.4% year-over-year.

Financial highlights

  • FUA net flows for the quarter were $4.1B, and $15.8B on a trailing twelve-month basis, both records.

  • Total FUA inflows were $8.0B for the quarter and $30.0B for the trailing 12 months.

  • Funds Under Management (FUM) ended at $29.5B, up 31.3% year-over-year, with Managed Account FUM at $25.7B (+32.6%) and Managed Funds at $3.8B (+23.0%).

  • Net flows for Managed Funds were $213M, up 61.7% year-over-year.

Outlook and guidance

  • FY26 guidance reaffirmed: FUA net flows expected to be similar to FY25, operating expense growth in line with FY25 (excluding First Guardian impact), and capitalised software investment to increase by ~$1M on 2H25 run rate.

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Frequently asked questions

Netwealth Group Limited is an Australian financial services company specializing in wealth management. The company provides a broad range of financial products and services including superannuation products for accumulation and retirement, managed accounts, and managed funds. Furthermore, Netwealth offers investor directed portfolio services catering to both superannuation and non-super investments. Their services extend to investment wrap products for self-managed super fund (SMSF) clients, incorporating investment options like listed and international securities, managed account models, managed funds, term deposits, premium services, and investor rewards. Insurance products, alongside forms and documents necessary for financial planning and management, are also part of their offerings. Netwealth supports financial intermediaries and private clients, including financial advisers, private clients, and high net worth firms, with advisory, licensee, and private wealth solutions. The company also provides tools and resources for portfolio management, performance tracking, investment research, and mobile access to manage investments effectively. Founded in 1999, Netwealth Group Limited is headquartered in Melbourne, Victoria, and its shares are listed on the ASX.

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