Netwealth Group Ltd (nwl) Logo

Netwealth Group Ltd (NWL)

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Overview
Financials
News
Announcements

NWL ASX Chart

Snapshot

Netwealth Group Limited (NWL) is a financial services company listed on the Australian Securities Exchange and was created with an entrepreneurial spirit to challenge the conventions of Australia's financial services. They are a technology company, a superannuation fund trustee and an administration business. Company offers services like investor directed portfolio services, fund management, non custodial administration and reporting services.

Share Price Activity (ASX)

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2026 YTD
1 Year
vs Sector (1yr) -32.95%
vs ASX 200 (1yr) -36.90%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 116 of 2,338
Sector Rank 35 of 745

Key Fundamentals

Shares Issued
Sector Financial Services
Similar Companies GQG / PNI / ARG
EPS $0.231
DPS $0.42
Book Value Per Share $0.609

Broker Consensus

NWL is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Price Sensitive only

Corporate Overview

Corporate Details

Head Office Melbourne VIC 3000
Website www.netwealth.com.au
Registry MUFG Corporate Markets (AU) Limited
Auditor Deloitte Touche Tohmatsu
Date Listed 20 Nov 2017

Upcoming Calendar (Forecasted)

Date Event
20/08/2026 Report (Prelim)
20/08/2026 Report (Annual)
17/02/2027 Report (Interim)

Former Company Names

  • Netwealth Group Ltd has no former company names.

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
04/03/2026 $0.21 100% $0.30 Interim 26/03/2026
03/09/2025 $0.21 100% $0.30 Final 25/09/2025
05/03/2025 $0.175 100% $0.25 Interim 27/03/2025
26/08/2024 $0.14 100% $0.20 Final 26/09/2024
04/03/2024 $0.14 100% $0.20 Interim 28/03/2024
22/08/2023 $0.13 100% $0.1857 Final 21/09/2023
22/02/2023 $0.11 100% $0.1571 Interim 24/03/2023
30/08/2022 $0.10 100% $0.1429 Final 29/09/2022
23/02/2022 $0.10 100% $0.1429 Interim 24/03/2022
26/08/2021 $0.095 100% $0.1357 Final 24/09/2021
22/02/2021 $0.0906 100% $0.1294 Interim 26/03/2021
25/08/2020 $0.078 100% $0.1114 Final 24/09/2020
25/02/2020 $0.069 100% $0.0986 Interim 26/03/2020
26/08/2019 $0.066 100% $0.0943 Final 26/09/2019
25/02/2019 $0.055 100% $0.0786 Interim 28/03/2019
10/09/2018 $0.1056 100% $0.1509 Final 27/09/2018

See Upcoming Dividends for all ASX companies.

Key Data
DPS(TTM) $0.42
Gross DPS(TTM) $0.60
Dividend yield
Gross yield
Payout Ratio 81%
DRP No
DRP Features -

Directors & Management

Directors

Management

Director Transactions

NWL directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
14/11/25 Matthew (Matt) Heine Issued 30,926 $28.10 $869,020 Issue of securities
15/09/25 Matthew (Matt) Heine Buy +28,467 $30.51 $868,528 Conversion of securities
15/09/25 Matthew (Matt) Heine Buy +153,232 $11.56 $1,771,496 Exercise of options
15/09/25 Matthew (Matt) Heine Exercise 28,467 $30.51 $868,528 Conversion of securities
15/09/25 Matthew (Matt) Heine Exercise 153,232 $11.56 $1,771,496 Exercise of options
02/09/25 Sarah Brennan Buy +3,080 $32.38 $99,739 On-market trade
21/11/24 Michael Heine Sell +1,104,990 $29.00 ($32,044,710) On-market trade
21/11/24 Matthew (Matt) Heine Sell +1,104,990 $29.00 ($32,044,710) On-market trade
16/10/24 Davyd Lewis Sell +17,750 $28.17 ($499,990) On-market trade
14/10/24 Matthew (Matt) Heine Sell +47,790 $27.21 ($1,300,212) On-market trade
11/10/24 Michael Heine Sell +1,100,000 $27.00 ($29,700,000) On-market trade
11/10/24 Matthew (Matt) Heine Sell +510,671 $27.50 ($14,043,052) On-market trade
11/10/24 Matthew (Matt) Heine Sell +1,077,868 $27.00 ($29,102,436) On-market trade
11/10/24 Matthew (Matt) Heine Sell +22,132 $27.00 ($597,564) On-market trade
03/09/24 Sarah Brennan Buy +2,210 $22.61 $49,968 On-market trade
22/08/24 Sally Freeman Buy +936 $23.02 $21,546 On-market trade
19/08/24 Matthew (Matt) Heine Exercise 22,132 $22.82 $505,052 Conversion of securities
19/08/24 Matthew (Matt) Heine Buy +22,132 $22.82 $505,052 Cancellation of securities
19/08/24 Matthew (Matt) Heine Sell +1,000,000 $22.50 ($22,500,000) On-market trade
15/08/24 Davyd Lewis Sell +22,948 $21.79 ($499,967) On-market trade
14/08/24 Kate Temby Buy +2,000 $20.70 $41,400 On-market trade
04/04/24 Davyd Lewis Sell +25,453 $20.31 ($516,955) On-market trade
04/04/24 Timothy Antonie Sell +45,000 $20.31 ($913,982) On-market trade
04/04/24 Michael Heine Sell +1,500,000 $19.85 ($29,775,000) On-market trade
04/04/24 Matthew (Matt) Heine Sell +1,500,000 $19.85 ($29,775,000) On-market trade
24/10/23 Kate Temby Buy +3,000 $13.12 $39,349 On-market trade
11/09/23 Matthew (Matt) Heine Sell +3,300,000 $15.30 ($50,490,000) Off-market trade
11/09/23 Michael Heine Sell +3,300,000 $15.30 ($50,490,000) Off-market trade
17/08/23 Matthew (Matt) Heine Sell +2,801,200 $14.30 ($40,057,160) Off-market trade
17/08/23 Michael Heine Sell +2,801,200 $14.30 ($40,057,160) Off-market trade
30/08/22 Kate Temby Buy +3,000 $12.92 $38,760 On-market trade
25/08/22 Matthew (Matt) Heine Sell +5,600,000 $13.30 ($74,480,000) Off-market trade
19/11/21 Matthew (Matt) Heine Issued 23,825 $16.79 $400,021 Issue of securities
19/11/21 Matthew (Matt) Heine Issued 75,000 $16.79 $1,259,250 Issue of securities
24/08/21 Matthew (Matt) Heine Sell +5,600,000 $15.10 ($84,560,000) Off-market trade
24/08/21 Michael Heine Sell +5,600,000 $15.10 ($84,560,000) Off-market trade
23/08/21 Davyd Lewis Sell +32,732 $15.28 ($499,998) On-market trade
29/03/21 Sally Freeman Buy +9,000 $14.00 $126,000 On-market trade
26/03/21 Timothy Antonie Buy +5,000 $14.07 $70,350 On-market trade
25/02/21 Sally Freeman Buy +500 $14.53 $7,263 On-market trade
19/02/21 Matthew (Matt) Heine Sell +500,000 $15.30 ($7,650,000) Off-market trade
19/02/21 Timothy Antonie Sell +75,000 $15.30 ($1,147,500) Off-market trade
19/02/21 Davyd Lewis Sell +87,500 $15.30 ($1,338,750) Off-market trade
15/02/21 Timothy Antonie Buy +175,000 $0.471 $82,495 Conversion of securities
15/02/21 Timothy Antonie Exercise 175,000 $0.471 $82,495 Conversion of securities
15/02/21 Davyd Lewis Buy +175,000 $0.471 $82,495 Conversion of securities
15/02/21 Davyd Lewis Exercise 175,000 $0.471 $82,495 Conversion of securities
12/02/21 Matthew (Matt) Heine Buy +1,400,000 $0.471 $659,960 Conversion of securities
12/02/21 Matthew (Matt) Heine Exercise 1,400,000 $0.471 $659,960 Conversion of securities
26/08/20 Michael Heine Sell +5,500,000 $13.90 ($76,450,000) Off-market trade
26/08/20 Matthew (Matt) Heine Sell +5,500,000 $13.90 ($76,450,000) Off-market trade
26/08/20 Matthew (Matt) Heine Sell +375,000 $13.90 ($5,212,500) On-market trade
26/08/20 Jane Tongs Sell +110,000 $13.93 ($1,532,340) On-market trade
26/08/20 Davyd Lewis Sell +35,890 $13.93 ($499,979) On-market trade
20/01/20 Matthew (Matt) Heine Issued 132,373 $8.24 $1,090,754 Issue of options
20/01/20 Matthew (Matt) Heine Issued 132,373 $8.24 $1,090,753 Issue of options
09/09/19 Matthew (Matt) Heine Transfer 829,231 $8.40 $6,965,540 Off-market transfer
09/09/19 Matthew (Matt) Heine Transfer 829,231 $8.40 $6,965,540 Off-market transfer
06/09/19 Davyd Lewis Sell +60,050 $8.33 ($499,924) On-market trade
05/09/19 Jane Tongs Sell +76,159 $7.82 ($595,290) On-market trade
02/09/19 Matthew (Matt) Heine Transfer 7,100,000 $7.70 $54,670,000 Off-market transfer
02/09/19 Michael Heine Sell +7,100,000 $7.70 ($54,670,000) Off-market trade
25/06/19 Matthew (Matt) Heine Transfer 829,230 $8.66 $7,181,132 Off-market transfer
25/06/19 Matthew (Matt) Heine Transfer 829,230 $8.66 $7,181,132 Off-market transfer
28/08/18 Michael Heine Buy +40,000 $8.62 $344,762 On-market trade
Show All

Director Interests

The current holdings of NWL directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Michael Heine 22/09/2025 N/A 100,040,000 N/A N/A
Matthew (Matt) Heine 22/09/2025 3,200,076 103,421,775 0 N/A
Sarah Brennan 02/09/2025 0 5,290 N/A N/A
Kate Temby 30/06/2025 N/A 8,000 N/A N/A
Sally Freeman 30/06/2025 N/A 10,436 N/A N/A
Michael Wachtel 30/06/2025 N/A 6,850 N/A N/A
Davyd Lewis 30/06/2025 N/A 93,010 N/A N/A

Shareholder Info

Top 20 Shareholders
About the Data

Data supplied by Morningstar and accurate on Aug 6, 2025.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Heine Brothers Pty Ltd 100,000,000 40.81%
HSBC Custody Nominees (Australia) Limited 44,361,725 18.11%
Citicorp Nominees Pty Limited 25,906,928 10.57%
J P Morgan Nominees Australia Pty Limited 21,857,204 8.92%
Leslie Max Heine Pty Ltd 13,408,265 5.47%
Netwealth Investments Limited 9,482,696 3.87%
BNP Paribas Noms Pty Ltd 3,595,363 1.47%
Australian Foundation Investment Company Limited 3,286,037 1.34%
BNP Paribas Nominees Pty Ltd 2,418,634 0.99%
National Nominees Limited 1,679,658 0.69%
Netwealth Investments Limited i 1,460,675 0.60%
BNP Paribas Nominees Pty Ltd i 978,141 0.40%
HSBC Custody Nominees (Australia) Limited i 879,806 0.36%
Palm Beach Nominees Pty Ltd 647,671 0.26%
HSBC Custody Nominees (Australia) Limited ii 460,996 0.19%
Mirrabooka Investments Ltd 395,928 0.16%
Asset Plus Pty Ltd 359,450 0.15%
AMCIL Limited 325,600 0.13%
Citicorp Nominees Pty Limited i 257,498 0.10%
Sandhurst Trustee Ltd 257,211 0.10%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 5,669 2,036 233 132 34 8,104

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Note: If a substantial shareholder's stake drops below 5%, the "Shareholders Selling" field shows full ownership as sold and sets "New %" to zero, even if they continue to hold shares under the limit.

Name Last Notice Total Shares Shares Held (%)
Leslie Max Heine Pty Ltd 30/06/2025 13,733,743 5.60
Heine Brothers Pty Ltd 22/09/2025 100,040,000 40.77
Nicholas St Clair Max Heine 22/09/2025 100,086,750 40.79
Michael Max Heine 22/09/2025 100,040,000 40.77
Matthew Alexander Max Heine 22/09/2025 103,421,775 42.15

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
05-02-26 Pinnacle Investment Management Group Limited 2,586,337 5.03 6.09
14-11-25 Pinnacle Investment Management Group Limited 12,354,042 -- 5.03

Shareholders Selling

12 month transaction history compiled from ASX announcements.

Date Name Sold Previous % New %
23-03-26 Pinnacle Investment Management Group Limited 14,940,379 6.09 --
22-09-25 Heine Brothers Pty Ltd 13,408,265 46.35 40.8
22-09-25 Nicholas St Clair Max Heine 13,408,265 46.37 40.8
22-09-25 Michael Max Heine 13,408,265 46.35 40.8
22-09-25 Matthew Alexander Max Heine 13,226,566 47.65 42.1

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2025 $33.59 30 June
2024 $22.17 28 June
2023 $13.84 30 June
2022 $12.16 30 June
2021 $17.15 30 June
2020 $8.97 30 June
2019 $8.00 28 June
2018 $8.22 29 June
NWL Historical Price Data (CSV)
Up to 20 years of EOD share price history

Important note:

All year-end and CSV data is "as traded on the day" and ignores corporate actions (e.g. share splits)

Market Index, ASX and Morningstar Logos

All data on this page is supplied by the ASX, Morningstar and Market Index. Read the disclaimer.