Netwealth shareholders approve resolutions, company reports strong FY25 growth

Netwealth Group Limited (ASX:NWL) successfully passed all resolutions at its 2025 Annual General Meeting on November 12, 2025. Key resolutions included the adoption of the remuneration report and the re-election of directors Ms Sally Freeman and Mr Davyd Lewis, and the election of Mr Michael Wachtel. Shareholders also approved the chief executive and managing director’s long term incentive award and an increase in the non-executive directors’ aggregate fee pool from $1,500,000 p.a. to $1,750,000 p.a.

The company reported significant achievements for FY25, with total FUA increasing 28.2% to $112.8bn, and market share growing by 1.0% to 8.9%. Total income rose 27.1% to $324.4m, EBITDA increased 31.1% to $163.5m, and NPAT grew 39.8% to $116.5m. Declared dividends per share increased 37.5% to 38.5 cents.

Netwealth reiterated its commitment to continuous investment in technology and product innovation, aiming to capitalize on market opportunities and further enhance its leading position. The outlook for FY26 anticipates FUA net flows similar to FY25, operating expenses in line with FY25, and a capitalized software investment increase of approximately $1m on the 2H25 run rate.