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Results Presentation R e s u l t s P r e s e n t a t i o n 26 August 2026 Disclaimer: This document is for general use. Modification of content is prohibited unless you have Netwealth’s express prior written consent.
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Important notice and disclaimer General Information only Information provided is general information presented in a summary format as at 26 August 2026 and is therefore not necessarily complete. This presentation is for informational purposes only and is not to be relied upon as advice to investors or potential investors. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. Investors should not rely on this presentation to make any investment decision, and should make their own assessment, conduct their own research of Netwealth and the Netwealth Group and consider these factors with their legal, tax, business and/or financial adviser before making any investment decision. Forward - looking statements This presentation may contain certain forward - looking statements with respect to the financial condition, operations and business of the Netwealth Group and certain plans and objectives of the management of Netwealth. Forward - looking statements can be identified by the use of forward - looking terminology, including, without limitation, the terms “believes”, “estimates”, “anticipates”, “expects, “predicts”, “intends”, “plans”, “goals”, “targets”, “aims”, “outlook”, “guidance”, “forecasts”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other variations or comparable terminology. These forward - looking statements include all matters that are not historical facts. Such forward - looking statements involve known and unknown risks, uncertainties and other factors which because of their nature may cause the actual results or performance of the Netwealth Group to be materially different from the results or performance expressed or implied by such forward - looking statements. Such forward - looking statements are based on numerous assumptions regarding the Netwealth Group’s present and future business strategies, the political and economic environment in which the Netwealth Group will operate in the future and financial market conditions, which may not be reasonable, and are not guarantees or predictions of future performance. No representation is made that any of these statements or forecasts will come to pass or that any forecast result will be achieved, or that there is a reasonable basis for any of these statements or forecasts. Forward - looking statements speak only as at the date of this presentation and to the full extent permitted by law, Netwealth, the Netwealth Group, and their respective affiliates and related bodies corporate and each of their respective related parties and intermediaries disclaim any obligation or undertaking to release any updates or revisions to information to reflect any change in any of the information contained in this presentation (including, but not limited to, any assumptions or expectations set out in the presentation). Past performance Past performance information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Financial data All figures in the presentation are provided in Australian dollars. Financial data may be subject to rounding. This information contained in this presentation should be read in conjunction with the Group’s Annual Report. This document has been authorised for release by the Board. For further information please contact: Hayden Stockdale, Chief Financial Officer shareholder@netwealth.com.au 26 August 2026 2 | NWL Results Presentation FY26
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Our purpose is to enable people to see wealth differently and discover a brighter future
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Hayden Stockdale Chief Financial Officer Today’s presenters T o d a y ’ s presenters T o d a y ’ s agenda Matt Heine CEO & Managing Director 01. FY26 business and financial highlights 02. P roduct update 03. Strategy and Dx30 04. Corporate sustainability 05. FY26 financial performance 06. Outlook & Q uestions 07. Appendix and additional information
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Acknowledgement of Country We acknowledge the Traditional Owners of the lands on which we work and live. Our offices are located on the lands of the Traditional Owners of the Wurundjeri Woi - wurrung people of the Kulin Nation in Melbourne, the Turrbal and Jagera peoples in Brisbane, the Gadigal people of the Eora Nation in Sydney, the Kaurna people of the Adelaide Plains, and the Whadjuk Nyoongar people in Perth. We celebrate the stories, culture, and traditions of the Aboriginal and Torres Strait Islander peoples of all nations, and we pay our respects to Elders past and present. This statement is made by Netwealth Group Limited (Netwealth) on behalf of its reporting entities for the financial year ended 30 June 2026.
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0 1 FY26 Business & financial highlights
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FY26 Highlights FY26 Highlights Strong growth across key metrics including FUA, inflows, income, and Adjusted EBITDA. 1 Note: All key metrics in this presentation exclude the impact of First Guardian expenses (“FG expense”) 1 . 1 These measures exclude the impact of FG expenses: a $100.7M compensation payment and $4.5M in associated legal and consulting fees. These items, and their associated tax impact have been excluded to present the ongoing operating performance of Netwealth. See reconciliation on slide 42 FY 26 Change % Change $16.9B + $0.0B FUA net flows (ex pensions) $135.7B + $22.9B + 20.3% FUA $391.1M + $66.7M + 20.6% Total income $192.9M + $29.5M + 18.0% Adjusted EBITDA 1 42.0 cps + 9.1% FY26 Dividends 26 August 2026 7 | NWL Results Presentation FY26 $15.4B ($0.3B) (2.0%) FUA net flows + 0.0 % + 3.5 cps
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+ 2 8 . 2 % + 2 5.2 % + 27.1% + 18.9% 50.4% 3 48.8% + 31.1% + 23.8% + 20. 3 % + 20.6% 49. 1 % 1, 2 + 1 8 . 0 % FUA growth Total Income growth Adjusted EBITDA margin 1 Adjusted EBITDA growth 1 Consistent growth and operational leverage Delivered strong revenue growth and conversion of FUA to EBITDA Consistent growth and operational leverage Delivered strong revenue growth and conversion of FUA to EBITDA FY26 FY25 FY24 1 These measures exclude the impact of FG expenses: a $100.7M compensation payment and $4.5M in associated legal and consulting fees. Th ese items, and their associated tax impact have been excluded to present the ongoing operating performance of Netwealth. See reconciliation on slide 42 2 49.3% if including the $1.5M gain on the remeasurement of contingent consideration relating to the Flux acquisition 3 50.2% if excluding the $1.2M gain on the revaluation of the investment in Xeppo 26 August 2026 8 | NWL Results Presentation FY26
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Platform providers net funds flows 12 months to March 2026 Momentum maintained within the platform sector Platform providers by FUA and market share % at 31 March 2026 and market share movement Mar 25 to Mar 26 Market share increased by 11.2% (98 bps) to 9.7%. Legacy platforms share was 53.7%, down from 54.9% over the last 12 months 26 August 2026 9 | NWL Results Presentation FY26 Platform providers net funds flows 12 months to March 2026 Platform providers by FUA and market share % at 31 March 2026 and market share movement Mar 25 to Mar 26 $20.4 B $15.6 B $3.5 B $3.1 B $2.2 B - $0.0 B - $0.3 B - $0.3 B - $0.4 B - $1.0 B HUB24 AMP Macquarie Praemium Dash CBA / Colonial Insignia Centric BT / Westpac $235B $163B $156B $148B $144B $128B $125B $32B $9B $5B Insignia CBA/Colonial Macquarie BT/Westpac AMP HUB24 Praemium Centric DASH FUA 18.3% 12.7% 12.1% 11.5% 11.2% 9.9% 9.7% 2.5% - 0.4% - 0.3 % - 0.9% - 0.5% 0.0% +1.3% +1.0 % 0.0% 0.7% - 0.1% 0.4% 0.0% Market share change Market share Source: Plan For Life, Analysis of Wrap, Platform and Master Trust Managed Funds at 31 March 2026. Total net fund flows of +$44.8B. Not included above: Others circa $4.6B. AMP measure includes pension outflows. Source: Plan For Life, Analysis of Wrap, Platform and Master Trust Managed Funds at 31 March 2026. Total industry retail FUA of $1.3T ( at 31 March 2026). Legacy platforms include Insignia, CBA/Colonial, BT/Westpac, & AMP. Reflects 80% of industry net flows ~5x the next nearest platform Legacy platforms shed 2.2% market share over the last 12 months Only 2 platforms are growing market share
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Product update Pr oduct update 02
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Differentiated solutions are creating new opportunities • Managed account uplift : New managed account infrastructure launched to support scale and enhanced functionality. • Workflow tracker : Centralised workflow capability providing advisers and support staff end - to - end visibility of client activities, tasks and actions, improving operational efficiency . • Digital onboarding : Streamlined digital onboarding experience that simplifies account establishment, reduces manual processing, and improves the client and adviser experience. • Document vault: Easy access to online statements with new capability being launched to support document sharing and live messaging. • Reporting : Continued enhancement of reporting capabilities, providing advisers and clients with greater insight and customisation options. • Research & invest ment tools : Expanded investment research, comparison , AI and analytic capabilities across domestic and international equities . • Netwealth Unify : Continued integration of Unify, Netwealth's data management, analytics, reporting , and system integration platform. • Client engagement : enhanced online and mobile capability designed to deliver efficiency and engagement. • Individual HIN: New capability unlocks the broking market and enhances private wealth offer by enabling direct ASX share ownership. • Bond Trading Capability: Enhanced trading options for bonds and structured products via internal trade desk. • Netwealth Private : S upports the specific investment needs of HNW and UHNW clients via a new wholesale offer. • Investment Offering: Expanding investment menu for HNW and UHNW clients including offshore funds, structured products and new Bond Trading solution. 26 August 2026 11 | NWL Results Presentation FY26 Accelerate capacity to compete and scale Accelerate share in affluent advice Accelerate share of private wealth & stockbroking Focus on operational & service excellence Clearly differentiate product and services through high - value capabilities
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Investing in capability, scalability and client experience 26 August 2026 12 | NWL Results Presentation FY26 Disciplined investment in platform functionality, core infrastructure, scalability, new capability and user experience
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$ 27.6 B $ 32.2 B FY25 FY26 23.4% 24.3% 11.6% 12.1% 7.0% 6.6% FY25 FY26 HNW UHNW, Family Office Institutional $135.7B FUA $112.8B FUA Growth in Retail Wrap FUA by client type Strong and diverse organic growth 23.7% 43.0% 33.3% Investment Retail Investment Wholesale Super Investment in product, technology and distribution has driven expansion in key client segments Expansion of high - value customer segments Source: Netwealth FUA as at 30 Jun 26, 30 Jun 25. HNW: high net worth, UHNW: Ultra high net worth, In addition, for wholesale accounts, HNW are wholesale clients <$10M client holdings, UHNW & Family office are wholesale clients between $10M & $100M client holdings and Institutional have generally greater than $100M client holdings $135.7B FUA Source: Netwealth, FUA at 30 Jun 26 Source: Netwealth FUA at 30 Jun 26 and at 30 Jun 25 26 August 2026 13 | NWL Results Presentation FY26 Super: • $45.2B in FUA • Growing in line with the broader portfolio
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Improving revenue diversificationNon-admin revenue streams continue to grow, reducing reliance on tiered fee structure Improving revenue diversification Non - admin revenue streams continue to grow, reducing reliance on tiered fee structure FUM: Managed Account & Managed Funds Management fee income growth 28.5% • Managed Account growth 29.9% . • Managed Funds growth 14.9 % . • Further Managed Account expansion supports growth with 121 Models added over the year. Transaction fee income growth 21.5% • Domestic ASX trade value increased 21.8% . • International trade value increased 16.1% . • New and expanded FX, trading and investment capability available on the platform resulting in increased usage . Ancillary fee income growth 26.0 % • Netwealth average cash transaction account balance increased 24.5%. • Average cash as a proportion of custodial FUA remains relatively stable. • Cash management capability remains key to our broader offering . Trading value: domestic & international Cash transaction account: average balance $21.6B $26.3B $3.5B $4.1B FY25 FY26 International Trades Domestic Trades $23.5B $30.5B $3.5B $4.1B FY25 FY26 Managed Funds Managed Account $34.6B FUM $27.0B FUM 26 August 2026 14 | NWL Results Presentation FY26 Source: Netwealth $6.0B $7.4B FY25 FY26 Average cash transaction account balance 6.0% FUA custodial 6.0% FUA custodial Source: Netwealth Source: Netwealth
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Our competitive position continues to strengthen Our competitive position continues to strengthen Netwealth continues to capture a higher share of flows from its primary users than the market average, with 78% of these new flows directed to Netwealth 32.9B 135.7B Total FUA (+20.3%) 182,276 Client Accounts(+12.4%) 4,205 Advisers (+5.9%) 26 August 2026 15 | NWL Results Presentation FY26 75% 71% 73% 73% 78% 19% 24% 20% 20% 17% 6% 6% 7% 7% 5% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Platform market metrics Netwealth Third or lower platform Secondary platform Primary platform Source: Investment Trends: 2026 Adviser Technology Needs Report
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Strategy & Dx30 03
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Our market opportunity is large and expanding Our market opportunity is large and expanding 17 | NWL Results Presentation FY26 With approximately 2% market share, there is significant opportunity to grow across all key segments 26 August 2026 Platform market NWL $135B Others $1,150B Industry super High balances ($0.5M+) $600B System growth (high bal.) $400B Low balances $1,200B Brokers Custody $240B iHIN (incl SMSFs) $360B Super/cash assoc. iHIN $150B SMSFs Securities $550B Property $150B Other retail Financial assets (incl cash) $ 1,300B Private business assets $700B Legend ■ Where we compete today ■ Future addressable opportunity Source: Netwealth, various
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Pathway to Dx30 Pathway to Dx30 26 August 2026 18 | NWL Results Presentation FY26 Expectations continue to increase • Adviser / client experience • Service outcomes • Process simplification • Governance excellence Adviser productivity essential • Automation • Workflow efficiency • AI - enabled capability • Self - service capability Opportunity set expanding • Broker and private wealth offer • Individual HIN capability • Complex financial needs • Emerging opportunities The strength of our platform and expanding opportunity set gives us confidence in our Dx30 ambition $56B $70B $88B $112B $136B FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 Actual (FY22-FY26) Ambition (FY27-FY30) $13.0B $9.9B $11.2B $15.8B $15.4B $18.0B - $20.0B Net Flows
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Building a connected advice environment, designed to scale One integrated platform, unified by data, that turns our expanded opportunity into Dx30 delivery 26 August 2026 19 | NWL Results Presentation FY26 Adviser Platform Powerful technology for advisers to manage, invest and grow. Client Portal A modern digital experience that keeps clients engaged. Advice Tools Tools that help advisers work smarter and serve more clients. Licensee Solutions Visibility and control to support licensee compliance and growth. Unify Data Management Platform An intelligent data platform that connects to 32+ enterprise solutions then aggregates, matches and organises information across the ecosystem . Client & account data Holdings Compliance Tax and Debt information Single source of truth Trusted. Accurate. Consistent. Revenue
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Leveraging AI to enhance growth, productivity and scale Netwealth's proprietary platform, connected data and regulated operating environment enable the responsible application of AI across our business and platform. 26 August 2026 20 | NWL Results Presentation FY26 E mployee productivity Enabling our teams to work smarter • Enterprise Copilot available to every employee supporting everyday work • R esearch , drafting, analysis and knowledge access • Netwealth AI pathways supporting training and adoption Operational efficiency Automating workflows and improving service delivery • Streamlining workflows and processes • Supports onboarding, document management and servicing • Increasing capacity to support business growth Product delivery lifecycle Accelerating innovation • AI - assisted development and code generation • Faster delivery of platform functionality • Introduced AI - enabled development tools and commenced a significant redesign of the PDLC Adviser & c lient capability Building future experiences • Intelligent reporting and portfolio insights • Workflow automation • NOVA * now supporting approx. 50% of external “how to” queries from advisers and their clients Growth • Enhancing adviser and client experiences • Supporting advisers to serve more clients • Creating differentiated data and platform Productivity • Automating selected manual processes and administrative tasks • Automated testing and quality control Improving workflow efficiency Scale • Supporting Dx30 and future operating leverage • Building capacity to scale more efficiently • Enabling future business growth Proprietary platform • Unify data layer • Deep integrations • Scalable architecture • Regulated operating env iro nment Data, technology and connectivity position Netwealth to drive adviser efficiency, intelligence and future AI - enabled capability across a regulated market. * Netwealth Online Virtual Assistant
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04 Corporate Sustainability
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22 | NWL Results Presentation FY26 Corporate sustainability We focus on four pillars to deliver sustainability for our stakeholders – our core business, our people, strong governance, and positive impact Operational excellence Accelerating our capacity to compete at scale and the speed at which we deliver through automation, AI and value - adding services that support ongoing investment in our platform and operations. Market differentiation Accelerating our share of the affluent advice, private wealth and stockbroking segments through deeper adviser relationships and expanded platform capabilities. Enhance our core business Be genuine and transparent Compliance Strengthening our financial crime compliance in line with the AML/CTF Act 2024, and progressing preparation for mandatory climate - related financial disclosures under AASB S2 Climate - related Disclosures. Governance Maintaining strong governance frameworks that support transparent decision - making, uphold high standards of accountability, and reinforce the trust our clients, shareholders and regulators place in us. Risk management Continuing to embed strong risk management practices to increase resilience and proactively identify and address emerging risks and opportunities. Foster diversity, talent and wellbeing Diversity, equity and inclusion Building a workplace where people feel they belong, are valued for who they are, and can do their best work. Culture and values Continuing to build on our values - led culture, embedded into our performance frameworks and reflected in how we work, communicate and hold ourselves to account. Create a positive social and environmental impact Environment Assessing Netwealth's environmental impact and identifying opportunities to improve environmental outcomes, including preparation for mandatory climate - related financial disclosures. Community Seeking to create positive social impact through employee giving, volunteering and partnerships that improve the financial futures and wellbeing of Australians. Our community partners Memberships & accreditations 26 August 2026 22 | NWL Results Presentation FY26
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05 FY26 Financial performance
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Key operating metrics at record levels in FY26 26 August 2026 24 | NWL Results Presentation FY26 Source: Netwealth Business drivers demonstrate ongoing momentum Business drivers demonstrate ongoing momentum Record revenue driven by record levels of all key business driver metrics $ 27.0 B $ 34.6 B FUM (EOP) 162,234 182,276 Accounts $ 112.8 B $ 135.7 B FUA (EOP) +20.3% +27.9% +12.4% 3,971 4,205 Advisors +5.9% Strong business activity underpins FUA growth • Growth driven across all customer segments • Market share increasing to 9.7%, up 98 bps Flows and FUA continue to outpace the market • Custodial Inflows up 12.6% to $32.3B • Total FUA up 20.3% to $135.7B Adviser productivity and customer acquisition continues to scale • Number of accounts up 12.4% to 182,276 • Number of advisers up 5.9% to 4,205 $ 25.1 B $ 30.3 B Trading Volume +20.9% $ 6.9 B $ 7.8 B Cash Balance (EOP) FY25 FY26 +13.7% $ 324.4 M $ 391.1 M Total Revenue +20.6%
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Custodial gross & net flows by quarter 26 August 2026 25 | NWL Results Presentation FY26 Source: Netwealth Record gross inflows over the year , net flows resilient Record gross inflows over the year, net flows resilient Gross inflows supported by account and adviser growth, net flows from new advisers growing Gross inflows increased 12.6% to a record $32.3B • Gross inflows were at record levels for FY26 . • The Q4 gross inflows slowed modestly post federal budget announcement . Net inflow update • Net inflows performed in line with expectations across Q1 – Q3 . • Q4 saw elevated outflows for a small number of UHNW accounts driven by additional tax payments, property and other non custody related asset purchases, consistent with other market participants. New net inflow • Net inflows from new financial intermediaries increased year on year. • 10% of net inflows in FY26 were from advisers new to the platform in FY26 . $ 7.9 B $ 8.4 B $ 7.6 B $ 8.4 B $ 4.0 B $ 4.1 B $ 3.9 B $ 3.1 B Sep-25 Dec-25 Mar-26 Jun-26 Custodial Gross Inflows ($bn) Net Flows ($bn) FUA net flows by cohort year 94% 90% 6% 10% FY25 FY26 Existing FI New FI $15.8B $15.4B Source: Netwealth
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Platform Revenue split FY24 to FY26 26 August 2026 26 | NWL Results Presentation FY26 Source: Netwealth Platform Revenue is diversified in its nature and sources Platform Revenue is diversified in its nature and sources Revenue diversification broadening across fee source Non - administration fees represents 61% of platform revenue in FY26, up from 59% in the prior year. Platform Revenue broadening – FUA related fees increasing in prominence . • Management fee income increased by 28.5% to represent 6.5% of Platform Revenue up 40 bps . • Transaction fee income increased by 21.5%. It represents a consistent 14.0% of Platform Revenue. • Ancillary fees increased by 26.0% and now represent 40.5% of Platform Revenue . • Administration fees grew 15.0%, to represent 39.0% of Platform Revenue. This performed in line with expectations and reflects the impact of tiered administration fees and fee caps on the positive market movement . Highly recurring revenue base that is diversified across customer segments, products and revenue sources . 45.0% 41.1% 39.0% 37.1% 38.9% 40.5% 12.0% 14.0% 14.0% 5.9% 6.1% 6.5% FY24 FY25 FY26 Administration fees Ancillary fees Transaction fees Management fees Platform Revenue $M’s $249.5M $382.9M $316.4M
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Revenue driver trends demonstrate underlying momentum Revenue driver trends demonstrate underlying momentum 26 August 2026 27 | NWL Results Presentation FY26 Customer growth, growing account balances and diversified revenue underpins earnings growth Average FUA per account ($'000) 507 521 583 662 726 FY22 F23 FY24 FY25 FY26 Source: Netwealth Platform Revenue / average FUA (bps) 15.8 15.5 14.4 12.9 12.0 9.3 12.5 11.9 12.3 12.4 4.8 3.6 3.8 4.4 4.3 2.1 1.9 1.9 1.9 2.0 FY22 FY23 FY24 FY25 FY26 Admin Ancil Trxn Mgmt 30.7 31.5 32.0 33.6 32.0 Platform Revenue per account ($) 1,653 1,747 1,864 2,088 2,227 FY22 FY23 FY24 FY25 FY26 Source: Netwealth Source: Netwealth Source: Netwealth Average no. of accounts (000’s) 107 121 134 152 172 FY22 FY23 FY24 FY25 FY26 FY22 and FY23 Cost of capital recovery on Operational Risk Financial Requirement classification and disclosure has been recla ssi fied to be consistent with current period disclosure.
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Using scale and efficiency to fund growth Sources and uses of operating leverage (combined FY25 + FY26) Movement in Adjusted EBITDA margin (bps of revenue) Operating leverage deliberately reinvested into governance, technology and growth opportunities 1 26 August 2026 28 | NWL Results Presentation FY26 Cumulative basis points of revenue across the respective years Source: Netwealth 1 Excludes the impact of FG expenses Operating leverage funding strategic investments • Operating leverage continued to be generated in FY26, supported by revenue growth and scale across the business. In FY26 efficiencies were generated in Delivery of 50bps of revenue, and in G&A of 5bps. • This leverage was consciously reinvested into Product & Technology (100bps), Sales & Marketing (10bps), and RISE (50bps) in FY26, strengthening the platform, governance and future growth capacity and opportunity. • Investment has been focused on scalable growth initiatives, including platform capability, adviser and client experience, adjacent segment expansion and technology - enabled productivity. • Cumulative operating leverage has funded our investment governance uplift and strategic investments in technology, and sales capacity. This supports future growth and platform scalability. 90 10 35 - 50 - 40 135 45 Scale efficiencies Reinvestment Subtotal
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Delivering strong returns Delivering strong returns Increase in Adjusted EBITDA, operating cash flow, earnings per share 1 and Rule of 40 26 August 2026 29 | NWL Results Presentation FY26 Source: Netwealth 1 These measures remove the effects of the FG expense, and the related legal fees incurred during the year. See reconciliation on slide 42 Strong earnings and cash generation support shareholder returns Adjusted EBITDA growth up 18.0% • Reflective of revenue growth, strong margins generating attractive returns Rule of 40 outcome • Attractive balance between revenue growth and operating margin • Sector leading Adjusted operating cash flow • Operational performance is reflected in cash generation Dividend per share • 9% increase in total dividends to 42 cents per share • Increasing value being returned to shareholders $ 163.5 M $ 192.9 M Adjusted EBITDA FY25 FY26 47.6 55.2 Adjusted earnings per share (cps) FY25 FY26 +18.0% 69.9 Rule of 40 FY26 $ 168.2 M $ 195.3 M Adjusted operating net cash flows before tax FY25 FY26 +16.1% +16.0% 40%
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Strong revenue delivering attractive growth Strong revenue delivering attractive growth 26 August 2026 30 | NWL Results Presentation FY26 $M unless otherwise stated PCP prior year corresponding period, FY25 All metrics (excluding statutory measures) in this table exclude the impact of FG expenses, A reconciliation is provided on s lid e 42 High quality growth • Revenue growth reflects increasing scale, client activity and a broader mix of revenue sources. • Diversification expanding the source of revenue growth . Reinvesting operating leverage • Strong underlying momentum enabled investment focused on new growth opportunities and additional platform functionality. Building strategic advantage • New capabilities delivered across advice, broking and wealth solutions. • Strengthened investment governance and platform functionality . Financials FY26 FY25 Change % Change Platform Revenue 382.9 316.4 66.5 21.0% Other Income 8.2 8.0 0.2 2.5% Total Income 391.1 324.4 66.7 20.6% Employee Benefits Expenses 134.1 108.6 25.5 23.4% Share Based Payment Expenses 2.1 1.8 0.3 16.8% Other Costs & Expenses 62.0 50.6 11.4 22.7% Total Operating Expenses 198.2 161.0 37.2 23.1% Adjusted EBITDA 192.9 163.5 29.5 18.0% Interest on leases 0.5 0.6 (0.1) (12.9%) Depreciation and amortisation 8.1 5.8 2.4 40.9% Adjusted NPBT 184.3 157.1 27.2 17.3% Income tax expense 48.9 40.6 8.3 20.3% Adjusted NPAT 135.4 116.5 18.9 16.2% Adjusted NPAT margin % 34.6% 35.9% (130 bps) NPAT 60.6 116.5 (55.9) (48.0%) NPAT margin % 15.5% 35.9% (2040 bps) Adjusted Operating net cash flows before tax 195.3 168.2 27.1 16.1% Adjusted Earnings per share (EPS) (cents) 55.2 47.6 7.6 16.0% Dividend per share (DPS) (cents) 42.0 38.5 3.5 9.1% Capitalised software 11.7 6.3 5.4 85.7%
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Strong business drivers demonstrating sustained momentum Strong business drivers demonstrating sustained momentum 26 August 2026 31 | NWL Results Presentation FY26 $M unless otherwise stated EOP – End of Period Net flows exclude market movement Strong platform momentum • Platform growth continued to be supported by strong client acquisition, adviser adoption which led to market share gains. • Total FUA growth exceeded 20%, demonstrating the strength of the platform and the attractive tailwinds in the sector. Expanding adviser and client participation • More than 20,000 new accounts added during FY26, reflecting continued adviser and client engagement. • Attractive per adviser and per account growth. Diversified growth drivers • Growth was generated across platform, broader FUA, managed account and non - custodial solutions. • Managed account FUM growth highlights increasing adoption of scalable advice solutions. Platform statistics FY26 FY25 Change % Change Funds Under Administration (FUA) FUA - Custodial 134,316 111,872 22,444 20.1% FUA - Non - custodial 1,403 914 489 53.6% Total FUA 135,719 112,785 22,934 20.3% FUA – Custodial fee paying FUA (EOP) 59.3% 60.2% (90 bps) - FUA Inflows - Custodial 32,318 28,689 3,629 12.6% FUA Outflows - Custodial (17,272) (13,288) (3,984) (30.0%) FUA Net flows Custodial 15,046 15,400 (354) (2.3%) FUA Net flows - Non - custodial 397 357 40 11.1% Total FUA Net flows 15,443 15,758 (315) (2.0%) Total FUA Net flows (ex - pension payments) 16,904 16,907 (3) (0.0%) Funds Under Management (FUM) Managed Account 30,501 23,482 7,019 29.9% Managed Funds 4,060 3,532 528 14.9% Total FUM 34,561 27,014 7,547 27.9% Net flows – Managed Account 5,707 4,293 1,414 33.0% Net flows - Managed Funds 390 445 (55) (12.5%) Total FUM net flows 6,097 4,738 1,359 28.7% Accounts EOP (number) 182,276 162,234 20,042 12.4% Financial Intermediaries EOP (number) 4,205 3,971 234 5.9% Cash transaction account as a % of custodial FUA (EOP) 5.8% 6.1% (30 bps) - Market Movement Market movement FUA - Custodial 7,399 8,917 (1,518) (17.0%) Market movement FUA - Non - custodial 93 109 (16) (14.7%) Total FUA market movement 7,492 9,026 (1,534) (17.0%) Total FUM market movement 1,451 1,792 (341) (19.0%)
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Strong FY26 provides momentum for growth Strong momentum • Total FUA growth of +20.3% • Record FUA custodial inflows of $32.3B • Market share gains Attractive operating leverage • Adjusted EBITDA growing with operating leverage reinvested • Investment underpins platform scale, productivity, and future growth opportunities • Adjusted EBITDA growth of 18.0% Deliberate strategic investment • Operating leverage reinvested • New capability delivered • Materially enhanced investment governance • Foundations created support Dx30 High quality revenue • Income growth of 20.6% • Diversification expanding • Reduced reliance on admin fees Expanding opportunity set • Building a connected advice ecosystem • Expands opportunity across advice, Individual HIN • Private Wealth offering • Complex financial needs increasing Confidence in future growth • Strength of the business • Expanded opportunity set • New / unique offering in market • FY27 guidance outlined • Dx30 ambition 26 August 2026 32 | NWL Results Presentation FY26
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Outlook 06
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Outlook Outlook 26 August 2026 34 | NWL Results Presentation FY26 Structural growth tailwinds and successful execution support confidence in continued growth Netwealth is experiencing strong growth momentum supported by structural and demographic tailwinds across the platform market . Over the past four years, Netwealth has more than doubled FUA through consistent execution and increasing adviser adoption. L ook ing ahead, the company sees a pathway to doubling FUA again over the next four years (subject to market conditions) through continued ma rke t share gains in core segments and expansion into adjacent opportunities. Recent investments are generating attractive returns Growth opportunities and investment returns includes: • Continued momentum in adviser and licensee numbers on platform; • Expansion of Netwealth Private and broader participation across high - value client segments; • Launch of individual HIN capability, expanding Netwealth's addressable market; • Morgan Stanley Wealth Management Australia agreement validating platform capability and creating incremental FUA opportunities; and • Growing pipeline of opportunities across advice, private wealth and broker channels. Scaling growth initiatives for the next phase of growth Investment in product and technology, service delivery, and sales and marketing is expected to: • Scale proven growth initiatives; • Expand participation in adjacent market segments; • Enhance adviser and client experiences; and • Increase platform capacity to support a significantly larger business over time.
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Outlook Outlook 26 August 2026 35 | NWL Results Presentation FY26 Netwealth has maintained strong FUA net flows momentum going into FY27 FY27 guidance Subject to normal market and trading conditions and no material adverse changes in market sentiment, economic conditions or the regulatory environment: • FUA net flows of $18B – $20B; • EBITDA margin (excluding FG and RISE expenses) of approximately 47%; and • Capitalised software investment of approximately $17M. FY30 ambition • Double FUA on the platform; • Annual FUA net flows to grow from FY27 guidance levels; and • Operating leverage expected to support EBITDA margins trending towards 50% over time. FY27 FUA year to date as at 21 August 2026 was $138.8B with net flows of $2.0B (excluding $0.6B of institutional outflows) 1 This reflects 2 institutional accounts 1
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Questions Questions
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FY26 Appendix and additional information 06
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Market leading wealth solutions for key segments Market leading wealth solutions for key segments 26 August 2026 38 | NWL Results Presentation FY26 Regulated products and services designed for key market segments and level of sophistication Source: Netwealth. *To be delivered in CY27 Accelerate share of Private wealth and broking Wealth Accelerator - Non - custodial Wealth Accelerator Plus Super Accelerator Plus Accelerator Core SOPHISTICATION OF NEEDS SMSF administration Exclusive investment opportunities Managed accounts GSS funds Netwealth Private Individual HIN service Retirement Solutions* Retail advised HNW advised UHNW & Family office Institutional Accelerate share of affluent advice
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Netwealth’s advantage | Partners integrations Netwealth’s advantage | Partners & integrations 26 August 2026 39 | NWL Results Presentation FY26 Netwealth integrates deeply with a broad and growing range of specialist technology providers DATA, TECHNOLOGY & PLATFORM FUNCTIONALITY INVESTMENT, RESEARCH & PORTFOLIO MANAGEMENT TOOLS NETWEALTH UNIFY Netwealth Unify Microsoft Domain/APM OSKO InvestmentLink IAM iCapital Investsense SS&C Zenith MSCI Moneysoft Netwealth AdviseOS APS CDM solutions CoMetrix Dash Mercury Revenue Financial Simplicity Plutosoft Worksorted CAS360 Iguana2 Refinitiv Factset Citi Philo PIMS Morningstar CommPay Flex Mercury CRM MYOB PayLogic Class ProductRex Lumiant Captegra Xplan Briefcase Suitability Hub AdviserLogic Revex Xero Alcova AI iComply2 Communify Basiq
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Future solutions delivered on today’s data and infrastructure Future solutions delivered on today’s data and infrastructure 26 August 2026 40 | NWL Results Presentation FY26 Netwealth is uniquely positioned to drive further adviser efficiency and intelligence across products and service that levera ge data, technology and connectivity in a heavily regulated market Investor intelligence Interactive and intelligent client Reporting and analytics Interactive and intelligent client experiences Advisor business intelligence Intelligent Advice Enablement and workflows Interactive and Intelligent Adviser reporting & Analytics Chat, web and mobile: Front - end interaction layer which is flexible & intelligent Retrospective Insights & narrative Facts & activities Forward looking Account action & automation Advice and Strategy Automation The data we leverage within the product experiences Platform capability Unified Data Registry Transactions & Admin Reg & Cyber Management Propriety platform & data infrastructure, managed within a highly regulated and cyber sensitive market
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iHIN adds new direct-ownership capability to the Netwealth platform, alongside existing platform infrastructure iHIN adds new direct - ownership capability to the Netwealth platform, alongside existing platform infrastructure 26 August 2026 41 | NWL Results Presentation FY26 New capability Traditional Netwealth platform Traditional execution / clearing / settlement infrastructure Broker Adviser Client Client relationship and execution workflow stay with the broker / adviser ③ Single feed New build ① iHIN Staging Layer Transaction orchestration • workflow management • data reconciliation ASX assets (Omnibus HIN) Multi - Asset investment options Equities • Managed Accounts • Managed Funds • Bonds • Private markets • Alternative asset classes • Domestic • International FinClear Execution • clearing • settlement Choice of execution / clearing / settlement Execution / clearing / settlement trade status / holdings ② iHIN functionality and the staging layer are new — direct equity ownership is now embedded natively in the platform, not bolted on, ensuring the platform remains seamless ① The staging layer orchestrates the iHIN / ASX path — other asset classes continue via existing execution choices. All transactions are reconciled within the staging layer to maintain reporting quality and reliability. Traditional infrastructure — FinClear and broker - selected partners — is unchanged and continues to handle execution, clearing and settlement Comprehensive reporting (portfolio, performance, tax, etc ) Netwealth platform ② iHIN functionality Custodial & non - custodial asset administration Comprehensive reporting (portfolio, performance, tax) Transaction execution (domestic & international) Adviser workflows (onboarding, reporting) Cash management solutions Payment capability ③ Reporting now encompasses iHIN direct equities alongside all other asset classes
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26 August 2026 42 | NWL Results Presentation FY26 PL Reconciliation – FY26 P&L Reconciliation – FY26 The financial year to 30 June 2026 '$000 30 June 2026 Statutory Reporting Compensation and Interest Expense Legal and Consulting Exp related to First Guardian 30 June 2026 Results (excluding FG expenses) Remeasurement of Flux acquisition contingent consideration 30 June 2026 Results (excluding FG expenses and Flux remeasurement) Income Platform revenue 382,901 382,901 382,901 Other income 8,226 8,226 (1,451) 6,775 Total income 391,127 391,127 (1,451) 389,676 Expenses Employee benefits expenses (135,080) 1,000 (134,080) (134,080) Share - based payment expense (2,060) (2,060) (2,060) Technology and communication (30,478) (30,478) (30,478) Professional and insurance (13,837) 3,518 (10,319) (10,319) Brokerage, investment & custody (7,131) (7,131) (7,131) Advertising and marketing (3,914) (3,914) (3,914) Compensation & Settlement Expense (100,726) 100,726 - - Other costs and expenses (10,211) (10,211) (10,211) Total operating expenses (303,437) 100,726 4,518 (198,193) (198,193) EBITDA 87,690 100,726 4,518 192,934 (1,451) 191,483 EBITDA margin 22.4% 49.3% 49.1% Interest 1 (2,078) 1,555 (523) (523) Depreciation and amortisation (8,155) 28 (8,127) (8,127) NPBT 77,457 102,309 4,518 184,284 182,833 Income tax expense (16,805) (30,685) (1,355) (48,845) 436 (48,409) NPAT 60,652 71,624 3,163 135,439 134,424 NPAT margin 15.5% 34.6% 34.5% 1 Interest on debt is included within the total statutory interest expense of $2.078 M. Operating interest expense comprises le ase interest only, totalling $0.523 M.