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Netwealth Navigates $100M Compensation Hit Amid Strong Growth Surge
8:28am on Wednesday 18th of February, 2026 AEDT
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Financial Services
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Netwealth Navigates $100M Compensation Hit Amid Strong Growth Surge
8:28am on Wednesday 18th of February, 2026 AEDT
Key Points
Statutory net loss of $2.2M due to $100.7M First Guardian compensation expense
Underlying net profit up 19.9% to $69.0M excluding one-off costs
Revenue increased 21.6% to $189M, driven by Funds Under Administration growth
Funds Under Administration reached record $125.6B, up 23.6%
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NETWEALTH (ASX:NWL)
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