WT Financial Group Limited (ASX:WTL) has announced its full-year results for the period ended 30 June 2025 (FY2025), reporting a 20.5% increase in statutory Net Profit After Tax (NPAT) to $4.6 million, as the Company continues to build momentum as a leading national consolidator in Australia’s financial advice sector.
Gross operating revenue rose 17.3% to $217.4 million, while net operating revenue surged 21.5% to $28.4 million. EBITDA increased 8.4% to $6.9 million, with operating cashflow of $5.9 million closely aligned to pre-tax profit, underscoring the strength and quality of WTL’s earnings.
A fully-franked final dividend of 0.5 cents per share has been declared, lifting the total FY2025 dividend to 0.7 cents per share — further reinforcing WTL’s commitment to delivering sustainable shareholder returns.
Transformational Growth Underpinned by Scale and Risk Management
Since its strategic pivot from a B2C business in 2018, WTL has evolved into one of Australia’s largest B2B financial advice networks. Central to this transformation is the Company’s proprietary Risk Management Framework (RMF), which supported the peer review of more than 11,000 adviser documents in FY2025 — significantly improving compliance, advice quality, and adviser engagement across the network.
Chairman Guy Hedley confirmed:
“When we embarked on this journey seven years ago, the goal wasn’t simply to get bigger — it was to build a sustainable platform that could support advisers and their clients for the long term. These results show that the strategy has not only worked but has created a business capable of growing stronger every year.”
Independent research from Core Data shows adviser satisfaction has climbed to 86%, with Net Promoter Scores exceeding 70 across professional development events — peaking at an industry-leading 96. WTL was also named “Industry Leader of the Year” by Core Data, reflecting its strong cultural foundation and focus on adviser support.
Expansion Through Joint Venture Platform ‘Investco’
FY2025 marked the launch of WTL’s 50/50 joint venture with Merchant Wealth Partners, Investco, designed to support further adviser corporatisation and consolidation. Its first platform, Titan Advice Group, has already executed its first tuck-in acquisition — Rushby Financial — with further M&A in the pipeline. A second platform, Hubco2, has also been initiated, combining Select Advice Group and Newleaf Tailored Financial Solutions.
Founder and Managing Director Keith Cullen added:
“These partnerships and transactions were not found by chance — they were originated, structured, and executed under WTL’s mandate, using our expertise in due diligence, integration, and risk management. This is a repeatable growth model that we believe will continue to generate value for years to come”.
Positioned for Structural Tailwinds and Re-Rating Potential
The Company is strategically positioned to benefit from powerful demographic and regulatory tailwinds — including the Quality of Advice Review reforms and the growing demand for advice from both retiring baby boomers and wealth-inheriting younger generations. With fewer financial advisers available nationally, WTL’s scalable model is well-placed to capitalise on industry consolidation.
WTL closed FY2025 with $9.8 million in cash reserves and $31.9 million in net assets. The Company’s five-year growth trajectory has seen net revenue compound at over 60% annually, while EBITDA margins have doubled since FY2022. WTL now trades on a ~10.7x P/E multiple — a substantial discount to sector benchmarks — providing upside potential as it continues to scale and deliver.
Chairman Guy Hedley highlighted:
“Our focus for FY2026 and beyond is clear: continue to help the practices we support to grow adviser numbers through organic recruitment and targeted acquisitions, expand the Investco model, and ensure that incremental revenue translates into disproportionately higher profitability. This is about building enduring value for advisers, clients, and shareholders alike.”
For more information, please visit https://www.wtfglimited.com
ENDS
About us:
About WT Financial Group Limited (ASX: WTL)
WT Financial Group Limited has established itself as amongst the very largest financial adviser networks in Australia. Its wealth management, retirement planning and personal risk insurance advice services are delivered primarily through a group of around 400 privately-owned advice practices whose advisers operate as authorised representatives under its Wealth Today, Sentry Advice, Synchron Advice, and Millennium3 subsidiaries.
WTL’s B2C division delivers a range of financial advice services directly to wholesale and retail clients through its Spring Financial Group brand.
The Group’s Wealth Adviser division is the Company’s central services and support hub and also offers marketleading services and solutions to advisers and their clients outside of WTL’s subsidiary cohorts including through regular in-person and livestreamed seminar and professional development programs and the publication of a library of more than 100 financial literacy handbooks and manuals in both digital and printed formats.
WTL has recently established WTL & MWP Investco Pty Ltd (Investco), a 50/50 joint venture with Merchant Wealth Partners Pty Ltd—the Australian subsidiary of the New York-based financial advice investor, Merchant Wealth Partners, LLC. Investco has been established to provide strategic growth capital to high-potential financial advice practices within the WTL network and beyond. In line with Merchant Wealth’s global model, Investco will take significant non-controlling interests, offering the practices it partners with long-term, patient capital - differentiating itself from traditionally time-limited private equity.
Contact details:
Jane Morgan
Investor and Media Relations
M +61 405 555 618
E [email protected]