Netwealth Group Ltd's stock surged 6.84% during intraday trading on Thursday, driven by the release of strong funds under administration and management figures along with stable guidance for net flows.
The company reported total funds under administration (FUA) of A$125.8 billion as of March 31, 2026, and funds under management (FUM) of A$31.8 billion for the same period. Additionally, Netwealth indicated that for FY26, it expects FUA net flows to not differ materially from FY25, suggesting consistent performance in attracting new funds.