Cash flow Netwealth Group Limited

Stocks

NWL

AU000000NWL7

Investment Management & Fund Operators

Market Closed - Australian S.E. Other stock markets 02:10:25 2026-07-23 EDT			5-day change	1st Jan Change
21.89 ^AUD	-2.15%		-6.85%	-14.73%

07-17	Jarden Adjusts Netwealth Group's Price Target to AU$24.70 from AU$25, Keeps at Neutral	MT
07-17	Netwealth's Continued Strength in Gross Activity Supports Management's Fiscal 2027 Inflow Target, Jefferies Says	MT

e725746e4f6edf44c7d43dc48e.GYZVrxPYce0rfnDuUPX_AtYMSlJShb83p6zfO0nk2Mc.VN4KmyC3Ar8YGF24BpSpM646MzE8_I94zuGLTAHJtqZv62Lfe_USphsLKQ

Published financial data: NETWEALTH GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	142M	170M	207M	250M	316M
Gain (Loss) on Sale of Investment, Total (Rev)	-219K	-152K	84K	-2K	1.22M
Interest And Invest. Income (Rev)	528K	351K	3.16M	5.63M	6.7M
Other Revenues, Total	2.59M	3.57M	4.5M	94K	110K
Total Revenues	145M	173M	215M	255M	324M
Cost of Goods Sold, Total	50.5M	66.89M	77.89M	90.27M	109M
Gross Profit	94.38M	106M	137M	165M	216M
Selling General & Admin Expenses, Total	5.78M	8.28M	24.23M	27.21M	37.08M
Stock-Based Compensation (IS)	-	-	2.38M	3M	1.76M
Depreciation & Amortization - (IS)	1.94M	2.62M	2.64M	2.73M	3.09M
Amortization of Goodwill and Intangible Assets - (IS)	117K	366K	642K	924K	2.68M
Other Operating Expenses	9.07M	13.14M	4.56M	5.25M	7.28M
Other Operating Expenses, Total	16.9M	24.41M	34.45M	39.12M	51.89M
Operating Income	77.48M	82M	102M	126M	164M
Interest Expense, Total	-64K	-497K	-451K	-572K	-601K
Net Interest Expenses	-64K	-497K	-451K	-572K	-601K
Income (Loss) On Equity Invest.	-183K	-393K	-377K	-269K	-12K
Other Non Operating Income (Expenses)	-	-	-4.57M	-4.56M	-6.2M
EBT, Excl. Unusual Items	77.23M	81.11M	97.01M	120M	157M
Insurance Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	77.23M	81.11M	97.01M	120M	157M
Income Tax Expense	23.13M	25.56M	29.86M	37.08M	40.59M
Earnings From Continuing Operations	54.1M	55.55M	67.15M	83.37M	117M
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	54.1M	55.55M	67.15M	83.37M	117M
Net Income - (IS)	54.1M	55.55M	67.15M	83.37M	117M
Net Income to Common Incl Extra Items	54.1M	55.55M	67.15M	83.37M	117M
Net Income to Common Excl. Extra Items	54.1M	55.55M	67.15M	83.37M	117M
Per Share Items
Net EPS - Basic	0.23	0.23	0.28	0.34	0.48
Basic EPS - Continuing Operations	0.23	0.23	0.28	0.34	0.48
Basic Weighted Average Shares Outstanding	240M	244M	244M	244M	245M
Net EPS - Diluted	0.23	0.23	0.27	0.34	0.48
Diluted EPS - Continuing Operations	0.23	0.23	0.27	0.34	0.48
Diluted Weighted Average Shares Outstanding	240M	244M	244M	244M	245M
Normalized Basic EPS	0.2	0.21	0.25	0.31	0.4
Normalized Diluted EPS	0.2	0.21	0.25	0.31	0.4
Dividend Per Share	0.19	0.2	0.24	0.28	0.38
Payout Ratio	75.1	85.58	76.26	79.01	66.14
Supplemental Items
EBITDA	78.43M	82.87M	103M	127M	165M
EBITA	77.54M	82.06M	102M	126M	164M
EBIT	77.48M	82M	102M	126M	164M
EBITDAR	78.53M	82.97M	103M	127M	165M
Total Revenues (As Reported)	145M	173M	215M	255M	324M
Effective Tax Rate - (Ratio)	29.95	31.51	30.78	30.78	25.83
Current Domestic Taxes	24.02M	26.95M	29.26M	37.91M	43.56M
Total Current Taxes	24.02M	26.95M	29.26M	37.91M	43.56M
Deferred Domestic Taxes	-875K	-1.35M	612K	-836K	-1.48M
Total Deferred Taxes	-875K	-1.35M	612K	-836K	-1.48M
Normalized Net Income	48.27M	50.69M	60.63M	75.28M	98.19M
Interest on Long-Term Debt	64K	497K	451K	573K	601K
Supplemental Operating Expense Items
Advertising Expense	-	-	2.84M	3.07M	3.74M
Selling and Marketing Expenses	-	-	2.84M	3.07M	3.74M
General and Administrative Expenses	5.78M	8.28M	18.27M	20.66M	29.98M
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	100K	100K	100K	200K	250K
Imputed Operating Lease Interest Expense	4.76K	25.23K	25.17K	64.22K	84.59K
Imputed Operating Lease Depreciation	95.24K	74.77K	74.83K	136K	165K
Stock-Based Comp., COGS (Total)	402K	3.05M	-	-	-
Stock-Based Comp., Other (Total)	-	-	2.38M	3M	1.76M
Total Stock-Based Compensation	402K	3.05M	2.38M	3M	1.76M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	81.42M	88.38M	109M	127M	149M
Short Term Investments	4M	-	-	-	24M
Trading Asset Securities, Total	535K	1.09M	491K	682K	527K
Total Cash And Short Term Investments	85.96M	89.46M	110M	127M	173M
Accounts Receivable, Total	16.6M	18.95M	22.44M	27.22M	33.48M
Other Receivables	1.71M	686K	87K	79K	88K
Notes Receivable	-	-	-	-	-
Total Receivables	18.31M	19.64M	22.53M	27.3M	33.57M
Prepaid Expenses	3.19M	5.12M	3.88M	3.32M	4.44M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	107M	114M	136M	158M	211M
Gross Property Plant And Equipment	19.89M	19.15M	17.86M	19.29M	19.2M
Accumulated Depreciation	-2.27M	-2.95M	-3.59M	-4.01M	-4.96M
Net Property Plant And Equipment	17.62M	16.2M	14.28M	15.29M	14.24M
Long-term Investments	2.38M	1.99M	2.53M	1.34M	-
Goodwill	-	-	-	-	1.67M
Other Intangibles, Total	725K	2.22M	6.51M	9.64M	24.35M
Loans Receivable Long-Term	-	-	-	2.2M	-
Deferred Tax Assets Long-Term	2.93M	1.58M	2.19M	3.03M	6M
Total Assets	131M	136M	162M	189M	257M
Liabilities
Accounts Payable, Total	7.13M	7.79M	10.68M	13.06M	23.07M
Accrued Expenses, Total	6.11M	7.17M	8.47M	9.7M	11.11M
Current Portion of Leases	1.4M	1.5M	1.44M	1.77M	2M
Current Income Taxes Payable	7.07M	1.09M	4.98M	6.13M	7.42M
Other Current Liabilities	59K	89K	174K	160K	210K
Total Current Liabilities	21.77M	17.64M	25.74M	30.83M	43.81M
Long-Term Leases	15.03M	13.59M	12.15M	13.14M	11.51M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	1.14M	732K	946K	996K	2.86M
Total Liabilities	37.94M	31.96M	38.84M	44.97M	58.18M
Common Stock, Total	26.4M	26.56M	27.23M	28.38M	42.03M
Retained Earnings	65.1M	73.1M	89.05M	107M	146M
Comprehensive Income and Other	1.69M	4.58M	6.77M	9.59M	11.1M
Total Common Equity	93.18M	104M	123M	145M	199M
Total Equity	93.18M	104M	123M	145M	199M
Total Liabilities And Equity	131M	136M	162M	189M	257M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	244M	244M	232M	244M	245M
ECS Total Common Shares Outstanding	244M	244M	244M	244M	245M
Book Value / Share	0.38	0.43	0.5	0.59	0.81
Tangible Book Value	92.46M	102M	117M	135M	173M
Tangible Book Value Per Share	0.38	0.42	0.48	0.55	0.71
Tangible Book Value Per Share (As Reported)	0.38	0.42	0.48	0.55	0.71
Total Debt	16.43M	15.09M	13.59M	14.92M	13.5M
Net Debt	-69.53M	-74.38M	-96.39M	-112M	-160M
Debt Equivalent Oper. Leases	800K	800K	800K	1.6M	2M
Equity Method Investments, Total	2.38M	1.99M	1.61M	1.34M	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	3.02M	3.65M	4.17M	4.66M	6.26M
Full Time Employees	-	500	485	539	636
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	17K	24K

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	54.1M	55.55M	67.15M	83.37M	117M
Depreciation & Amortization - CF	1.94M	2.62M	2.64M	2.73M	3.09M
Amortization of Goodwill and Intangible Assets - (CF)	60K	60K	60K	-	-
Depreciation & Amortization, Total	2M	2.68M	2.7M	2.73M	3.09M
Amortization of Deferred Charges, Total - (CF)	56K	306K	582K	924K	2.68M
(Gain) Loss From Sale Of Asset	21K	9K	-	10K	-
(Gain) Loss on Sale of Investments - (CF)	218K	152K	-56K	8K	-1.22M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	183K	393K	377K	269K	12K
Stock-Based Compensation (CF)	402K	3.05M	2.38M	3M	1.76M
Provision and Write-off of Bad Debts	-	-	-	17K	12K
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-10.31M	-4.65M	3.26M	217K	-214K
Change In Accounts Receivable	-4.12M	-332K	-3.17M	-4.54M	-5.39M
Change In Accounts Payable	587K	627K	3.31M	2.43M	10.18M
Change in Other Net Operating Assets	-5.34M	1.82M	2.69M	1.54M	-588K
Cash from Operations	37.81M	59.6M	79.23M	89.98M	127M
Capital Expenditure	-586K	-1.14M	-709K	-846K	-1.61M
Sale of Property, Plant, and Equipment	42K	-	-	-	-
Cash Acquisitions	-	-	-	-	-7.74M
Sale (Purchase) of Intangible assets	-545K	-1.86M	-4.93M	-4.06M	-6.29M
Investment in Marketable and Equity Securities, Total	-2.13M	-703K	651K	-200K	-23.85M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	-	-	-	2K	-
Cash from Investing	-3.22M	-3.7M	-4.99M	-5.11M	-39.5M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-1.33M	-1.41M	-1.5M	-1.58M	-1.84M
Total Debt Repaid	-1.33M	-1.41M	-1.5M	-1.58M	-1.84M
Issuance of Common Stock	3.28M	-	479K	970K	13.4M
Common Dividends Paid	-40.63M	-47.54M	-51.21M	-65.87M	-77.07M
Common & Preferred Stock Dividends Paid	-40.63M	-47.54M	-51.21M	-65.87M	-77.07M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-900K	-1.2M	-
Cash from Financing	-38.68M	-48.96M	-53.13M	-67.68M	-65.51M
Net Change in Cash	-4.1M	6.96M	21.11M	17.19M	21.84M
Supplemental Items
Cash Interest Paid	64K	498K	451K	573K	601K
Cash Income Tax Paid (Refund)	33.28M	30.19M	26.58M	36.76M	40.76M
Levered Free Cash Flow	33.47M	46.5M	70.25M	80.59M	107M
Unlevered Free Cash Flow	33.51M	46.81M	70.53M	80.94M	107M
Change In Net Working Capital	16.24M	7.48M	-6.51M	-534K	-5.37M
Net Debt Issued / Repaid	-1.33M	-1.41M	-1.5M	-1.58M	-1.84M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	39.85	38.34	42.94	44.77	45.86
Return on Total Capital	50.78	44.77	50.01	53.14	55.07
Return On Equity %	63.95	56.28	59.09	62.32	67.81
Return on Common Equity	63.95	56.28	59.09	62.32	67.81
Margin Analysis
Gross Profit Margin %	65.14	61.4	63.73	64.64	66.52
SG&A Margin	3.99	4.78	11.28	10.66	11.43
EBITDA Margin %	54.13	47.82	48.1	49.59	50.82
EBITA Margin %	53.52	47.35	47.72	49.31	50.52
EBIT Margin %	53.48	47.32	47.69	49.31	50.52
Income From Continuing Operations Margin %	37.34	32.05	31.27	32.66	35.91
Net Income Margin %	37.34	32.05	31.27	32.66	35.91
Net Avail. For Common Margin %	37.34	32.05	31.27	32.66	35.91
Normalized Net Income Margin	33.32	29.25	28.23	29.49	30.27
Levered Free Cash Flow Margin	23.1	26.83	32.71	31.57	33
Unlevered Free Cash Flow Margin	23.13	27.01	32.84	31.71	33.12
Asset Turnover
Asset Turnover	1.19	1.3	1.44	1.45	1.45
Fixed Assets Turnover	12.09	10.25	14.09	17.27	21.98
Receivables Turnover (Average Receivables)	10	9.54	10	10.05	10.42
Short Term Liquidity
Current Ratio	4.94	6.47	5.3	5.12	4.82
Quick Ratio	4.79	6.18	5.15	5.02	4.72
Operating Cash Flow to Current Liabilities	1.74	3.38	3.08	2.92	2.9
Days Sales Outstanding (Average Receivables)	36.5	38.27	36.49	36.42	35.01
Average Days Payable Outstanding	50.29	40.72	43.3	48.15	60.71
Long Term Solvency
Total Debt/Equity	17.63	14.47	11.04	10.32	6.78
Total Debt / Total Capital	14.99	12.64	9.94	9.35	6.35
LT Debt/Equity	16.13	13.03	9.87	9.09	5.78
Long-Term Debt / Total Capital	13.71	11.39	8.89	8.24	5.41
Total Liabilities / Total Assets	28.93	23.47	23.99	23.73	22.61
EBIT / Interest Expense	1.21K	164.99	227.07	220.03	272.74
EBITDA / Interest Expense	1.24K	170.38	233.05	224.8	277.88
(EBITDA - Capex) / Interest Expense	1.23K	168.09	231.48	223.32	275.2
Total Debt / EBITDA	0.21	0.18	0.13	0.12	0.08
Net Debt / EBITDA	-0.87	-0.88	-0.92	-0.87	-0.96
Total Debt / (EBITDA - Capex)	0.21	0.18	0.13	0.12	0.08
Net Debt / (EBITDA - Capex)	-0.88	-0.89	-0.92	-0.88	-0.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.92	19.62	21.58	18.86	27.11
Gross Profit, 1 Yr. Growth %	14.63	12.75	21.34	20.54	30.81
EBITDA, 1 Yr. Growth %	18.61	5.66	18.01	22.55	30.24
EBITA, 1 Yr. Growth %	23.22	5.83	18.15	22.82	30.24
EBIT, 1 Yr. Growth %	23.24	5.84	18.17	22.89	30.24
Earnings From Cont. Operations, 1 Yr. Growth %	23.92	2.68	20.88	24.15	39.76
Net Income, 1 Yr. Growth %	23.92	2.68	20.88	24.15	39.76
Normalized Net Income, 1 Yr. Growth %	23.09	5.02	19.61	24.16	30.43
Diluted EPS Before Extra, 1 Yr. Growth %	22.75	1.03	20.69	24	39.3
Accounts Receivable, 1 Yr. Growth %	40.75	14.14	18.42	21.3	22.99
Net Property, Plant and Equip., 1 Yr. Growth %	177.44	-8.04	-11.9	7.08	-6.88
Total Assets, 1 Yr. Growth %	17.18	3.88	18.85	17.05	35.8
Tangible Book Value, 1 Yr. Growth %	22.08	10.35	14.23	15.73	28.35
Common Equity, 1 Yr. Growth %	22.56	11.87	18.04	17.45	37.79
Cash From Operations, 1 Yr. Growth %	-36.36	57.65	32.92	13.57	40.97
Capital Expenditures, 1 Yr. Growth %	-35.96	93.86	-37.59	19.32	90.66
Levered Free Cash Flow, 1 Yr. Growth %	-36.13	38.93	42.15	14.71	32.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-36.15	39.69	41.83	14.76	32.75
Dividend Per Share, 1 Yr. Growth %	26.26	7.76	20	16.67	37.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	21.11	18.26	21.75	20.21	22.91
Gross Profit, 2 Yr. CAGR %	19.2	13.69	20.42	20.94	25.57
EBITDA, 2 Yr. CAGR %	22.89	11.95	14.76	20.26	26.34
EBITA, 2 Yr. CAGR %	22.98	14.2	14.96	20.46	26.48
EBIT, 2 Yr. CAGR %	23.01	14.21	14.97	20.51	26.52
Earnings From Cont. Operations, 2 Yr. CAGR %	23.97	12.8	11.41	22.51	31.72
Net Income, 2 Yr. CAGR %	25.6	12.8	11.41	22.51	31.72
Normalized Net Income, 2 Yr. CAGR %	22.81	13.7	12.08	21.86	27.26
Diluted EPS Before Extra, 2 Yr. CAGR %	23.39	11.36	10.44	22.34	31.43
Accounts Receivable, 2 Yr. CAGR %	29.23	26.75	16.26	19.85	22.14
Net Property, Plant and Equip., 2 Yr. CAGR %	163.75	59.73	-9.99	-2.87	-0.14
Total Assets, 2 Yr. CAGR %	26.9	10.33	11.12	17.95	26.08
Tangible Book Value, 2 Yr. CAGR %	20.7	16.07	12.27	14.98	21.88
Common Equity, 2 Yr. CAGR %	20.81	17.09	14.91	17.74	27.21
Cash From Operations, 2 Yr. CAGR %	-3.68	0.16	44.76	22.87	26.53
Capital Expenditures, 2 Yr. CAGR %	-0.59	11.42	10	-13.7	50.83
Levered Free Cash Flow, 2 Yr. CAGR %	-1.8	-5.8	44.87	27.7	23.46
Unlevered Free Cash Flow, 2 Yr. CAGR %	-1.74	-5.56	45.07	27.58	23.43
Dividend Per Share, 2 Yr. CAGR %	23.85	16.64	13.71	18.32	26.66
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	20.28	20.61	20.12	20.78	22.47
Gross Profit, 3 Yr. CAGR %	20.07	17.01	18.46	20.46	24.14
EBITDA, 3 Yr. CAGR %	37.96	16.86	16.03	17.3	23.5
EBITA, 3 Yr. CAGR %	38.49	16.98	17.65	17.52	23.64
EBIT, 3 Yr. CAGR %	38.46	17	17.66	17.55	23.67
Earnings From Cont. Operations, 3 Yr. CAGR %	40.24	16.43	15.43	15.5	28.01
Net Income, 3 Yr. CAGR %	37.49	17.44	15.43	15.5	28.01
Normalized Net Income, 3 Yr. CAGR %	38.31	16.57	15.63	15.97	24.65
Diluted EPS Before Extra, 3 Yr. CAGR %	38.76	15.43	14.4	14.79	27.75
Accounts Receivable, 3 Yr. CAGR %	32.69	23.99	23.91	17.92	20.89
Net Property, Plant and Equip., 3 Yr. CAGR %	83.34	85.63	30.99	-4.63	-4.22
Total Assets, 3 Yr. CAGR %	18.52	18.71	13.1	13.06	23.62
Tangible Book Value, 3 Yr. CAGR %	11.29	17.15	15.45	13.41	19.27
Common Equity, 3 Yr. CAGR %	11.39	17.75	17.41	15.75	24.08
Cash From Operations, 3 Yr. CAGR %	27.94	13.51	10.07	33.51	28.63
Capital Expenditures, 3 Yr. CAGR %	-13.68	24.2	-8.15	13.02	12.4
Levered Free Cash Flow, 3 Yr. CAGR %	-2.04	10.24	10.26	34.03	29.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	-2.01	10.48	10.35	34.17	29.28
Dividend Per Share, 3 Yr. CAGR %	51.1	18.24	17.75	14.69	24.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.2	23.12	20.86	20.91	21.23
Gross Profit, 5 Yr. CAGR %	25.75	23.9	20.21	19.96	21.25
EBITDA, 5 Yr. CAGR %	29.36	26.95	28.17	19.51	20.05
EBITA, 5 Yr. CAGR %	29.67	27.26	28.55	19.68	21.1
EBIT, 5 Yr. CAGR %	30.91	28.3	28.54	19.71	21.13
Earnings From Cont. Operations, 5 Yr. CAGR %	30.46	27.75	27.9	18.82	21.69
Net Income, 5 Yr. CAGR %	42.69	32.59	26.39	19.44	21.69
Normalized Net Income, 5 Yr. CAGR %	30.83	28.02	27.15	18.66	20.15
Diluted EPS Before Extra, 5 Yr. CAGR %	28.2	25.15	26.65	18.15	20.93
Accounts Receivable, 5 Yr. CAGR %	39.4	80.83	25.86	22.32	23.2
Net Property, Plant and Equip., 5 Yr. CAGR %	51.61	44.04	37.93	43.26	17.52
Total Assets, 5 Yr. CAGR %	16.86	16.49	15.5	18.4	18.12
Tangible Book Value, 5 Yr. CAGR %	27.19	14.75	11.68	16.27	17.98
Common Equity, 5 Yr. CAGR %	16.65	15.19	12.79	17.75	21.24
Cash From Operations, 5 Yr. CAGR %	31.26	35.97	34.42	17.16	16.38
Capital Expenditures, 5 Yr. CAGR %	-14.94	0.18	-4.89	7.37	12.01
Levered Free Cash Flow, 5 Yr. CAGR %	20.16	239.57	14.55	18.35	15.36
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.19	240.02	14.64	18.45	15.41
Dividend Per Share, 5 Yr. CAGR %	53.61	-	34.86	18.27	21.24