Australia's Netwealth Group falls on weaker-than-expected quarterly net flows

Netwealth

10/07/2025 05:37

** Shares of financial services co Netwealth Group  NWL.AX fall as much as 1.9% to A$34.47

** Co posts A$3.65 billion ($2.39 billion) custodial net inflows for Q4, which, according to a Citi note, miss Visible Alpha consensus by 17%

** However, brokerage notes better-than-expected total funds under administration of A$112.8 billion as at quarter-end, stronger-than-expected cash balances, and record quarter for account openings

** Citi removes Downside 30-Day Short-Term view on the co post results, keeps price target at A$33.65, "neutral" rating

** 16 analysts rated 'hold' on average; their median PT is A$31.30 – LSEG-compiled data

** YTD, shares up 20.9%

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))