• Macquarie's FY25 net profit up 5% on FY24 to $3,715m
• Annuity-style businesses contribute ~54% of net operating income
• Assets under management grew to $941.0b, up 12% on FY24
• Macquarie Asset Management continues to broaden and deepen client relationships

Macquarie Group reported a 5% increase in FY25 net profit to $3,715m, driven by growth across its diversified businesses. The company's annuity-style businesses, including Banking and Financial Services and Macquarie Asset Management, contributed around 54% of net operating income. Macquarie Asset Management (MAM) saw a 33% increase in operating income to $4,218m and a 12% rise in net profit contribution to $1,610m. MAM's assets under management grew 12% to $941.0b, driven by increased fund investments, net asset valuations and favourable foreign exchange movements, partially offset by asset divestments and outflows in equity strategies. The company continued to broaden and deepen its client relationships, build on its leadership in Real Assets, and scale and optimise its investment capabilities. Macquarie's markets-facing businesses, including Commodities and Global Markets and Macquarie Capital, contributed around 46% of net operating income. Commodities and Global Markets saw a decrease in contribution due to lower client hedging activity and timing of income recognition, partially offset by stronger performance in Financial Markets. Macquarie Capital reported higher advisory and brokerage fee income and higher net interest income from the private credit portfolio, offset by lower investment-related income. Overall, Macquarie maintained its diversified income streams and continued to invest in its global platform to support future growth.

Macquarie Group expects its FY26 net profit to be up around 5% on FY25.