InvestSmart Group reports financial results and asset sale

·       InvestSmart Group (ASX:INV) updated the market on its proposed sale of the Intelligent Investor business to Teaminvest Private Group (ASX:TIP) alongside its full-year financial results for the period ended June 30.

·       The company's shares remained unchanged at $0.14 following the release of the corporate update and financial figures.

·       The strategic actions are driven by management's focus on streamlining operations and managing platform growth while navigating shifting subscription metrics.

InvestSmart Group (ASX:INV) reported a total operating income of $9.8 million for the financial year ended June 30 alongside ongoing progress on asset divestment plans.

The revenue figure represented a slight 2% decrease compared to the almost $10 million recorded in the previous financial year ended June 30, 2025.

Management noted that the proposed transaction involving Intelligent Investor remains subject to conditions precedent and ASX approvals.

The company finished the period with $$8.3 million at the close of the prior financial year.

Following the announcement, the InvestSmart Group share price was unchanged at $0.11.

The digital wealth platform continues to provide low-fee investment solutions while adjusting its corporate portfolio.