The Australian Wealth Advisors Group (AWAG) reported a 46% rise in net profit before tax for the half-year ending December 2025, driven by strong growth in funds under management and strategic joint ventures.
- 46% increase in net profit before tax to $615,454
- Funds under management grow over 50% to $3.6 billion
- Expansion of Equity Partnership Scheme with 10 investments
- New joint ventures with One Ledger and CHN Chartered Accountants
- Armytage Micro Cap Active Fund delivers 33.4% annualised return
Strong Financial Performance Amid Market Volatility
The Australian Wealth Advisors Group Limited (AWAG) has announced a robust financial performance for the six months ended 31 December 2025, with net profit before tax (NPBT) climbing 46% to $615,454 compared to the prior corresponding period. This growth comes despite a challenging market environment, underscoring the effectiveness of AWAG’s strategic initiatives.
Revenue for the half-year stood at $5.4 million, supported by a significant increase in funds under management and administration, which surged by over 50% to approximately $3.6 billion. This expansion highlights AWAG’s growing footprint in the wealth management and funds management sectors.
Strategic Expansion Through Equity Partnerships and Joint Ventures
AWAG’s Equity Partnership Scheme (EPS) portfolio has expanded notably, with the addition of investments in First Mutual Australia, Avalon Financial Services, and an increased stake in Beattie Financial Services facilitating its acquisition of SWR Chartered Accountants. The number of group Authorised Representatives has grown to 80, reflecting the company’s widening advisory network.
Further strengthening its market position, AWAG entered into two 50/50 joint ventures: one with One Ledger to provide financial planning and wealth management services, and another with CHN Chartered Accountants in Melbourne. Both ventures leverage AWAG’s operational infrastructure and are expected to reach break-even within twelve months without requiring significant capital outlay.
Funds Management and Investment Highlights
On the funds management front, AWAG partnered with Phillip Capital Australia, a subsidiary of the Singapore-headquartered Phillip Capital, seeding a joint venture with $32 million. This collaboration not only contributed positively to earnings immediately but also opens avenues for wider distribution of AWAG’s Armytage products globally.
The Armytage Micro Cap Active Fund (MCAF) delivered an impressive annualised return of 33.4% over the past year, significantly outperforming its benchmark and achieving a total absolute return of 197.7% since inception in 2019. This performance cements AWAG’s reputation for delivering strong investment outcomes.
Outlook and Corporate Developments
AWAG continues to pursue strategic investments aimed at industry consolidation, holding minority stakes in Centrepoint Alliance Limited and Novatti, the latter being a strategic play in the payments sector. The company’s wholly owned subsidiaries, Armytage Funds Management and CHPW, are performing in line with expectations and have been strengthened for future growth.
Looking ahead, AWAG anticipates that all ten income-earning investments, including the new joint ventures, will generate net profit within the next twelve months. The recent appointment of Gareth James as Company Secretary adds further financial expertise to the leadership team.
Bottom Line?
AWAG’s strategic growth and strong fund performance position it well for the next phase of industry consolidation and earnings expansion.
Questions in the middle?
- How will AWAG’s new joint ventures impact profitability beyond the initial break-even period?
- What are the company’s plans for further EPS investments or acquisitions in the near term?
- How might market volatility affect the sustainability of AWAG’s funds under management growth?