Netwealth Group Ltd

NWL: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Netwealth Earnings: Targeting Ambitious Fund Growth While Signaling Lower Near-Term Margins

Netwealth's underlying NPAT for fiscal 2026 grew 16%, with strong revenue growth outshining the 1% decline in EBITDA margin to 49%. For fiscal 2027, the firm expects administered funds, or FUA, net flows to be 17%-30% above fiscal 2026's. It aspires to double its FUA by fiscal 2030.

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