Companies / NWL

NETWEALTH GROUP LIMITED

ASX:NWLFinancial Services
245.5M shares on issueASX (delayed) · snapshot 11 Sept 2026246.6M fully diluted+0.5% if every option and right converts$19.32price · delayed$4.74Bmarket cap · indicative

Today’s holders own 99.5% of what they think they own, once every option and right converts.

Minimal
Dilution risk

0% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)0.5%
Raise cadence (24m)0 cash raises
Options & rights overhang0.5% of shares
In-the-money supply0.4% of shares
Pending proposed issuesnone

NETWEALTH GROUP LIMITED's ordinary share count was 246M as of September 2026, an increase of 0.5% from August 2024. The company has not undertaken any capital raises in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 1M new shares, representing 0.5% of the current share count, with the nearest expiry in June 2034. The nearest in-the-money percentage for these options is 0%. The company has not lodged a current quarterly cash report, so no cash balance or funding runway figure is available on that basis.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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0.5%
Options & rights overhang
0.4%
In-the-money supply
0
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 245.5M per ASX (delayed) (snapshot 11 Sept 2026).
244.75M245.00M245.25M245.50MDec 24Oct 25Sept 26245.5M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
9 Sept 20263H · cancellationNWL : ORDINARY FULLY PAID245.5MAppendix 3H
4 Sept 20262A · quoted issueNWL : ORDINARY FULLY PAID245.5MAppendix 2A
2 Sept 20262A · quoted issueNWL : ORDINARY FULLY PAID245.5MAppendix 2A
27 Apr 20262A · quoted issueNWL : ORDINARY FULLY PAID245.4MAppendix 2A
20 Apr 20263G · unquotedNWL : ORDINARY FULLY PAID245.4MAppendix 3G
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31 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
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5 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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3 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.5%
Options & rights overhang · of current shares
0.4%
In-the-money supply · at current price
1.1M
Potential new shares
June 2034
Nearest expiry
What this supply is, and what converts it
  • Price-triggered933k · 0.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered208k · 0.1% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 933k priced (of which 933k in the money), 208k where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
571k1.1M$19.32 now0.25× today ($4.83) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($9.66) — 99k of the priced supply in the money, 0.0% of shares on issue0.75× today ($14.49) — 115k of the priced supply in the money, 0.0% of shares on issue1× today ($19.32) — 933k of the priced supply in the money, 0.4% of shares on issue1.25× today ($24.15) — 933k of the priced supply in the money, 0.4% of shares on issue1.5× today ($28.98) — 933k of the priced supply in the money, 0.4% of shares on issue2× today ($38.64) — 933k of the priced supply in the money, 0.4% of shares on issue3× today ($57.96) — 933k of the priced supply in the money, 0.4% of shares on issue5× today ($96.60) — 933k of the priced supply in the money, 0.4% of shares on issue10× today ($193.20) — 933k of the priced supply in the money, 0.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $19.32 today, 933k securities are in the money (0.4% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 208k (18.2% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
NWLABOptionsPrice-triggered$7.5530 June 203499kFiling
NWLACOptionsPrice-triggered$15.7427 Sept 2036818kFiling
NWLAEOptionsPrice-triggered$12.4424 June 203716kFiling
NWLADPerformance rightsCondition-triggered208kFiling Meeting

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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4 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
3 Sept 2026Matthew Alexander Max HeineOther incentive27k120k3Y notice
14 Nov 2025Matthew Alexander Max HeineOther incentive103.4M120k3Y notice
22 Sept 2025Matthew Alexander Max HeineSell13.4M89k3Y notice
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6 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.