Netwealth surges after posting 19.9% interim profit increase
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More news: Shares in Netwealth Group rallied in morning trade after the company posted a 19.9% increase in interim net profit driven by positive momentum and increased market traction.
Shares rose 11.92% to $24.98 at 1:49pm AEDT.
RBC Capital Markets analyst Wei-Weng Chen maintained a sector perform rating on the stock, setting a target price of $30 per share and citing solid results with low single digit beats across all key metrics.
Netwealth posts 19.9% rise in interim profit, hikes dividend
The news: Netwealth Group reported a 19.9% increase in net profit after tax for the six months to December 2025, citing positive momentum during the period.
The numbers: The superannuation platform posted net profit of $69 million, up from $57.6 million the prior corresponding period.
Platform revenue rose 25.3% to $189 million, while earnings before interest and tax (EBITDA) increased 23.9% to $96.7 million. Funds under management (FUM) grew 10.7% to $16.4 billion.
The company declared a fully franked interim dividend of 21 cents per share, from 17.5 cents a year earlier.
The context: CEO Matt Heine attributed the profit growth to continued business expansion and increasing market traction, supported by a strong pipeline of new opportunities.
He said the business continued to benefit from structural tailwinds in the superannuation market, including a shift toward higher service providers and ongoing investment in technology for clients.
Netwealth reaffirmed its FY26 guidance, saying it expects momentum to continue and that it remains in a strong financial position to deliver strong EBITDA and cash generation.
The source: ASX
