AWAG's profit takes hit from geopolitics in FY26

The Australian Wealth Advisors Group (AWAG) has reported a net profit after tax (NPAT) of $689,166 in the financial year ending June 30, down by some $360,000 compared to FY25.

Revenue was also down 1.9% to $11.2 million, as AWAG explained the results reflected many challenges in the financial year, including ongoing geopolitical events, which impacted equity markets especially at the small- to micro-cap segment.

However, funds under management and administration (FUMA) grew to $4.1 billion, up from $3.6 billion from the previous financial year, attributable to the completion of two equity partnership scheme (EPS) investments of Sydney's Springboard Financial Group and Cotham Advisory in Melbourne.

AWAG took a 20% stake in both firms which brought its network of authorised representatives to 122 from 80 since December 2025, highlighting a "good pipeline" of EPS opportunities, with strong focus now placed on licensees and financial wealth advisory practices.

It is now expecting to have closer to 150 authorised representatives by the end of the calendar year.

The group also noted its balance sheet remains "strong" with zero debt and $3.9 million available in its cash reserves.

"The industry is now firmly in the spotlight with the banks and industry funds all expressing a strong desire to participate in the wealth advisory sector," AWAG chair Lee Iafrate said.

"There are only so many operators which have the relevant number of advisors and systems to be able to meet this new corporate marketplace and demand."

Moving forward, AWAG believes it is "very well positioned" for complementary investments and a very active role in the final chapter of the listed company rationalisation.

"The market value of AWAG's portfolio of investments continues to grow at a good level, given market developments," Iafrate continued.

"The asset values are a pleasing outcome for our board and hopefully for shareholders in time.

"The 2026 was a year of consolidation and putting in place all the necessary functions for a sound future of growth."