Netwealth Group Ltd
NWL: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.>K | LOCK|r@ | LOCK|h?>CZC |
Netwealth Earnings: Higher Fee Rates a Surprise, but Shares Still Hot to Hold
Netwealth's underlying net profit after tax for the first half of fiscal 2026 increased 20% to AUD 69 million. This was supported by a 25% increase in platform revenue, as funds under administration and management grew 25%. Shares reacted positively, up 15%, but still below record highs last year.
