• Strong underlying business momentum, on track to achieve FY26 growth targets
• Record full year Asset Management fund inflows of $2.7 billion
• MA Money scaling strongly and profitable in 2H24, loan book up 155% on FY23

MA Financial Group Ltd reported a strong FY24 result, with the business demonstrating accelerating momentum across its key segments. The company recorded record full year Asset Management fund inflows of $2.7 billion, up 27% on FY23, driven by strong interest in its Private Credit funds. MA Money also scaled rapidly, with its loan book growing 155% to $2.1 billion in FY24, and reaching profitability in the second half of the year. Finsure experienced strong broker and loan book growth, with managed loans up 26% to $139 billion. The company made significant investments in its Asset Management distribution platform and brand, which are delivering a deep and diverse fundraising capability across high net worth, family office, institutional and retail investors globally. These investments, along with new institutional and listed credit products, are expected to drive future growth. Overall, MA Financial's FY24 Underlying EPS was up 1% to 26.1 cents, with the company declaring a fully franked dividend of 20 cents per share, in line with FY23. The company remains confident in its ability to achieve its medium-term growth targets, with the business well-positioned to harness domestic and global macroeconomic trends.

MA Financial expects FY25 EPS to be materially higher than FY24, as the strategic investments in growth platforms start to deliver. In Asset Management, the company expects continued growth in fund inflows, with the recurring revenue margin improving in FY25. In Lending & Technology, MA Money is expected to deliver $15 million to $20 million NPAT (EPS range 9-12 cents) to the Group in FY26. The impact of strategic investment on EBITDA is anticipated to reduce to $10 million in FY25, down from $13 million in FY24.

MA Financial is well-positioned to capitalize on significant macroeconomic trends, including the growth of Australia's superannuation system, the stability of the Australian residential property market, and the global investment trend towards unlisted alternative asset classes. The company has a strong track record of successful investment to build highly scalable businesses, and its recent strategic investments, such as in the US credit platform and Singapore distribution, are expected to deliver future growth.