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Below are the financial statements of Netwealth Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Netwealth Group, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of AUD | 2024 | 2023 |
|---|---|---|
| Income | — | — |
| Revenue | 249.53a | 211.49a |
| Other income | 5.72a | 3.26a |
| Total income | 255.25a | 214.75a |
| Expenses | — | — |
| Employee benefits expenses | -90.27a | -77.89a |
| Share-based payment expense | -3a | -2.38a |
| Brokerage, investment & custody | -4.57a | -4.57a |
| Technology and communication expenses | -15.79a | -13.69a |
| Client transactions & communication | -1.61a | -1.42a |
| Professional fees | -3.26a | -3.16a |
| Insurance | -3.29a | -3.03a |
| Advertising & marketing | -3.07a | -2.84a |
| Depreciation | -2.73a | -2.64a |
| Amortisation | -0.92a | -0.64a |
| Interest expense | -0.57a | -0.45a |
| Other operating expenses | -5.45a | -4.67a |
| Share of joint venture NPAT | -0.27a | -0.38a |
| Total expenses | -134.8a | -117.74a |
| Profit before income tax | 120.45a | 97.01a |
| Income tax expense | -37.08a | -29.86a |
| Profit for the period | 83.37a | 67.15a |
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