Macquarie Group FY25 Management Discussion and Analysis
| Stock | Macquarie Group Ltd (MQG.ASX) |
|---|---|
| Release Time | 9 May 2025, 8:14 a.m. |
| Price Sensitive | Yes |
Macquarie Group FY25 Management Discussion and Analysis
- Net profit of $A3,715m, up 5% on prior year
- Net operating income of $A17,208m, up 2% on prior year
- Operating expenses of $A12,140m, broadly in line with prior year
Macquarie Group Limited (MGL) is a global financial services group with offices in 31 markets. For the year ended 31 March 2025, Macquarie reported a net profit of $A3,715 million, up 5% from the prior year. Net operating income increased 2% to $A17,208 million, primarily driven by higher fee and commission income, share of net profits from associates and joint ventures, and net other operating income. This was partially offset by credit and other impairment charges. Operating expenses were broadly in line with the prior year at $A12,140 million. The group's return on equity improved to 11.2% from 10.8% in the prior year, and return on tangible equity increased to 12.7% from 12.4%. The Macquarie Asset Management (MAM) and Macquarie Capital segments reported higher net profit contributions, while the Banking and Financial Services (BFS) and Commodities and Global Markets (CGM) segments also contributed positively. The Corporate segment reported higher net expenses. Macquarie maintained a strong capital position, with the Bank Group and Non-Bank Group capital ratios well above regulatory requirements.
For the year ended 31 March 2025, Macquarie reported net profit of $A3,715 million, up 5% on the prior year. The group's return on equity improved to 11.2% from 10.8% in the prior year, and return on tangible equity increased to 12.7% from 12.4%.