Picture of Netwealth logo

NWL Netwealth News Story

0.000.00%
au flag iconLast trade - 00:00
FinancialsBalancedLarge CapFalling Star

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 news