• Record gross fund inflows of $1.5 billion, up 36% on 1H24
• Assets under Management (AUM) up 31% on 1H24 to $12.7 billion
• Finsure managed loans up 28% on 1H24 to $155 billion

MA Financial Group Limited (the Group; MA Financial; ASX: MAF) is pleased to present its financial results for the 6 months to 30 June 2025. The Group recorded record first half underlying revenue and EPS growth of 26% on 1H24. In 1H25, MA Financial experienced an increased proportion of its Underlying revenue that is recurring in nature, record Asset Management fund inflows, increased corporate advisory transaction activity, ongoing growth in Finsure and the accelerating growth of MA Money. Underlying revenue increased by 21% on 1H24 to $163.4 million, supported by growth across the MA platform. Asset Management revenue was up 10%, as strong growth in recurring revenue from Private Credit funds offset softer transaction-based fees. Lending & Technology revenue was up 63%, as MA Money's growth accelerates and Finsure continued to rapidly grow its managed loans and the number of brokers using its technology platform. Corporate Advisory & Equities revenue was up 15%, as transaction activity levels improved in 1H25. Underlying EBITDA of $47.8 million was up 25% on 1H25. Expenses were up 20% on 1H24, reflecting the Group's investment into strategic growth initiatives, headlined by the growth in MA Money and Finsure, as well as continued strategic investment into diversifying Asset Management's distribution channels. MA Money grew its revenue by 252% relative to 1H24 and delivered $4.0 million Underlying EBITDA, as its loan book grew to $3.3 billion and improved its net interest margin to 1.5%. Underlying NPAT of $22.6 million and Underlying EPS of 14.0 cents were up 27% and 26% on 1H24 respectively. The Board has declared a fully franked interim dividend of 6 cents per share, in line with 1H24.

Underlying EPS in 2H25 is expected to be materially higher than in 1H25, as the growth momentum continues across the business. In 2H25 the Group anticipates: the continued growth of Asset Management fund inflows; Underlying recurring revenue margin in Asset Management to improve to ~160 bps for FY25 (excluding IPG's AUM); performance and transaction fees to increase relative to 1H25; ongoing growth in Finsure and MA Money; Corporate Advisory to deliver revenue per executive within the Group's $1.1 million to $1.3 million target productivity range; and earnings headwind from investment in strategic growth initiatives to reduce to ~$4 million, from $6 million in 1H25.

The business has carried its strong momentum into early 2H25. Key highlights in the half to date have been: solid fund inflows with an additional $379 million of gross flows (net inflows: $182 million) achieved in the first seven weeks of 2H25; the Group is currently in exclusive due diligence on over $1 billion of real estate assets; MA Redcape Hotel Fund continues to build strong momentum; MA Money's growth continues to accelerate with almost $570 million of loan settlements in 2H25 to date, and its loan book reaching $3.7 billion; Finsure experienced record monthly loan applications of ~$10 billion in July 2025; and a positive start for Corporate Advisory, with transactions already announced expected to deliver an additional ~$12 million of fees in FY25.