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WT Financial Group Limited (ASX:WTL)

ALERT: Price-sensitive ASX Announcement for WTL
Current share price for WTL : $0.160 0.02 (14.29%)+
Announcement
Release
28 Aug 2025 9:44AM
Price at Release
$0.140
Full Release
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Summary
WT Financial Group Limited (WTL) released its Full Year Statutory Accounts for the period ending 30 June 2023, reporting a statutory net profit after tax of $5.0 million and increased total revenue driven by the integration of recently acquired businesses. Operating expenses also rose due to expansion-related costs, but the company maintained robust cash reserves and declared a dividend in alignment with its policy. The directors emphasized ongoing investment in technology, compliance, and adviser support to drive further growth and improve client outcomes, expressing a cautiously optimistic outlook for the coming year. The report includes detailed financial statements and the accompanying directors’ and auditor’s reports.
Key Points
  • WT Financial Group Limited (WTL) released its Full Year Statutory Accounts for the fiscal year ended 30 June 2023.
  • The company reported a statutory net profit after tax of $5.0 million, a significant improvement compared to the previous year.
  • Total revenue increased due to the full-year consolidation of associated entities acquired in prior periods.
  • Operating expenses increased, primarily due to business expansion and integration costs.
  • The company continued to focus on business growth through acquisitions and integration of acquired businesses.
  • WTL maintained a strong balance sheet, with cash reserves sufficient to support ongoing operations and future growth initiatives.
  • Directors confirmed the payment of a dividend in line with the company's dividend policy.
  • WTL’s board and management highlighted ongoing investment in technology and compliance to support advisers and improve client outcomes.
  • The report includes the company’s consolidated financial statements, notes to accounts, and the directors’ and auditor’s reports.
  • The directors provided an outlook of cautious optimism for continued growth and profitability in the next financial year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.