Netwealth Group (ASX:NWL) has reported a stellar start to the 2026 financial year, underpinned by a 24.7% growth in total income to $193.8 million.
The H1 FY26 financial results, released today, highlight a period of significant expansion for the specialist platform provider, driven largely by record custodial inflows of $16.4 billion.
The momentum pushed total funds under administration to $125.6 billion, a 23.6% increase compared to the previous year.
The company’s profitability remains robust, with EBITDA rising 23.9% to $96.7 million, maintaining a healthy margin of 49.9%.
Net profit after tax also saw a double-digit climb, reaching $69 million.
The strong figures have allowed the board to reward shareholders with a fully franked interim dividend of 21 cents per share, representing a 20% increase from the prior corresponding period.
CEO and Managing Director Matt Heine credited the results to continued investment in technology and a strategic focus on artificial intelligence.
Heine noted that AI is becoming a core enabler for the business, designed to simplify workflows and increase capacity for financial advisers.