Insignia Financial Ltd has announced its full-year results for FY25, highlighting a robust performance amidst strategic transformation. The company reported an 18% increase in Underlying Net Profit After Tax (UNPAT), reaching $255 million compared to the prior corresponding period. Statutory Net Profit After Tax (NPAT) saw a significant improvement, increasing by $201 million to $16 million from the previous year. Net revenue experienced a 4.7% rise on an ongoing business basis, driven by strong market conditions, although it saw a modest increase of 0.9% after accounting for divestments related to Rhombus and the associated Advice business. Operating expenses decreased by $60 million (5.9%) to $952 million, aided by an optimization program that resulted in a net reduction in operating expenses, despite $12 million in accelerated reinvestment costs. Insignia Financial's Wrap business reported a 2.9% increase in Net Revenue to $283.2 million, with a notable 27.8% rise in EBITDA, reaching $129.1 million. The business also saw a 27.2% increase in UNPAT to $83.2 million. Closing Funds Under Administration (FUA) grew by 9.0% to $102.9 billion, supported by net flows improving by $1.4 billion following the MLC Wrap migration to Expand. The company has been actively pursuing its 2030 Vision and Strategy, achieving key milestones such as the separation of MLC from NAB, marking one of the largest wealth management separations in Australian financial services history. The early delivery of the FY24-26 strategy has facilitated the acceleration of Insignia Financial's long-term strategic plan.