Macquarie Group Limited has reported a net profit after tax of $A3,715 million for the fiscal year ending March 31, 2025. This marks a five percent increase from the previous year. The profit for the second half of FY25 was $A2,103 million, reflecting a 30% rise compared to the first half.
Shemara Wikramanayake, Managing Director and CEO of Macquarie Group, stated: "Against a backdrop of ongoing market and economic uncertainty, Macquarie’s client franchises remained resilient over the past year, delivering new business origination and underlying income growth, contributing to our history of unbroken profitability."
The company's net operating income increased by two percent to $A17,208 million while operating expenses remained steady at $A12,140 million. International income accounted for 66% of total income. The effective tax rate decreased slightly to 26.3%, attributed mainly to geographic composition and nature of earnings.
As of March 31, 2025, assets under management were valued at $A941 billion. This figure is consistent with the previous year's valuation and shows a three percent increase since September 2024.
Macquarie Asset Management reported a net profit contribution of $A1,610 million due to higher performance fees and gains from asset sales. Banking and Financial Services saw an increase in net profit contribution by eleven percent due to loan portfolio growth despite some margin compression challenges.
Commodities and Global Markets experienced a decline in net profit contribution by twelve percent because of reduced client hedging activity amid subdued conditions in certain markets. However, there was strong performance across major products in Financial Markets.
Macquarie Capital's results were stable with contributions remaining close to last year's figures thanks to increased advisory fees offsetting lower investment-related income.
In terms of capital management, Macquarie exceeded regulatory requirements with a group capital surplus of $A9.5 billion as at March 31, 2025. Total deposits rose by twenty percent during FY25 reaching $A177.7 billion.
The company extended its on-market share buyback program up to $A2 billion for another year starting November 1st last year; so far acquiring shares worth approximately $A1 billion at an average price per share near A$189.
For FY25 shareholders will receive final ordinary dividends amounting A$3.90 per share partially franked which brings total annual dividend payments up A$6 .50 also partially franked corresponding payout ratios stand respectively seventy-one sixty-seven percentages second half full-year basis according company policy ranges between fifty seventy annually
Looking ahead Macquarie maintains cautious outlook considering factors like global economic conditions interest rates geopolitical events foreign exchange impacts potential regulatory changes amongst others Ms Wikramanayake commented: “Macquarie remains well-positioned deliver superior performance medium term established diverse income streams deep expertise sectors major markets structural growth tailwinds patient adjacent new products ongoing investment operating platform strong conservative balance sheet proven risk management framework culture.”