Brief: Netwealth Group Says Total Value Of Compensation Payments Is Estimated To Be A$101 MLN
Dec 18 (Reuters) - Netwealth Group Ltd NWL.AX: TOTAL VALUE OF COMPENSATION PAYMENTS IS ESTIMATED TO BE A$101 MILLION EXPECTS TO BASE ITS FY26 DIVIDEND ON UNDERLYING EARNINGS (EXCLUDING THIS ONE-OFF COMPENSATION PAYMENT) COMPENSATION WILL BE RECORDED AS EXTRAORDINARY EXPENSE IN 1H26 ACCOUNTS WITH NPAT IMPACT A$71 MILLION FY26 COSTS ASSOCIATED WITH FIRST GUARDIAN AND RELATED ACTIVITIES NOT EXPECTED TO BE MATERIAL Further company coverage: NWL.AX ((Reuters.Briefs@thomsonreuters.com;))
Recent news on Netwealth
See all newsAustralia's Netwealth slips most since 2022 after revised annual outlook
Brief: Netwealth Group Posts Total FUA Of A$139.2 Billion In Q1 FY27
Brief: Netwealth To Defend Class Action
Australia's Netwealth hits multi-year low after class action over First Guardian options
Brief: Netwealth Acknowledges Potential Class Action