Broking, VisiPlan drive IWL profit
Benevolent market conditions, a lucrative broking arrangement with a big four bank and an increase in sign-ups to its advisory software program, VisiPlan, have helped IWL post a profit of $7.77 million, up 58 per cent on last year’s profit.
Most before tax earnings poured into the stock broking division which includes recently acquired ACS, which added a full year contribution, and Avcol. The $12.8 million before tax operating performance of the division was largely boosted by being selected by National Australia Bank as the preferred vendor for the provision of their online broking solutions last year.
Contributing less than half as much after tax revenue ($5 million) was the advisory software division, with the number of businesses signing up to flagship software product Visiplan increasing by almost 10 per cent.
The only downer on IWL’s report card came from it’s research division which was in the red for the second year in a row, although this year InvestorWeb has lost slightly less money that it did last year.
But with the broking and software divisions performing so well, IWL shareholders have received a final year dividend of 18 cents per share, up from 12 cents last year.
Chief executive Otto Buttula said he was confident the near completion of a total acquisition of listed broking firm JDV would see the company continue to be profitable in the year ahead.
As for InvestorWeb, which recently lost two of its most senior analysts and shifted its research team from Melbourne to Sydney, IWL said in the last year it has been provided “with a more stable base upon which it can re-set itself for revenue growth in the years ahead.”
Recommended for you
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford take a look at the Reserve Bank’s expectation-defying interest rate hold and whether the move is the start of a fundamental change in the central bank’s approach.
In this week’s episode of Relative Return Insider, hosts Maja Garaca Djurdjevic and Keith Ford break down the flurry of activity and announcements since the calendar ticked over to FY26, from ASIC action to super fund results.
In this week’s episode of Relative Return Insider, AMP chief economist Shane Oliver joins the show to explore the major global and domestic forces shaping investment markets in 2025, from ongoing geopolitical tensions and the NATO summit to US President Donald Trump’s trade policy and the One Big Beautiful Bill.
In this week’s episode of Relative Return Insider, Professor Robert Brooks of Monash Business School joins the show to unpack the economic and market implications of rising tensions between Israel and Iran.
