Netwealth Group Ltd

NWL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Netwealth: Huge Volume Upside Surprise but Lower Margins Bite

Shaun Ler

Jul 7, 2026

Netwealth revealed funds under administration net flows of AUD 15 billion for fiscal 2026, while revealing a new platform relationship. It expects a 17%-30% FUA flow increase from the AUD 15 billion but lower EBITDA margins in fiscal 2027, aspiring to double its FUA over four years.

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Netwealth Group Ltd

Netwealth: Huge Volume Upside Surprise but Lower Margins Bite

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