• Profit attributable to ordinary equity holders of $A1,655 million, up 3% on prior corresponding period
• Higher fee and commission income, net interest and trading income, partially offset by lower net other operating income
• Higher operating expenses driven by increased employment, non-salary technology and brokerage, commission and fee expenses

Macquarie Group Limited (MGL) reported a profit attributable to ordinary equity holders of $A1,655 million for the half year ended 30 September 2025, up 3% from the prior corresponding period. Net operating income of $A8,691 million increased 6% from the prior corresponding period, primarily driven by higher fee and commission income and net interest and trading income, partially offset by lower net other operating income. Total operating expenses of $A6,239 million increased 5% from the prior corresponding period, primarily driven by higher employment, non-salary technology and brokerage, commission and fee expenses. Income tax expense increased 12% to $A771 million, largely due to the geographic composition and nature of earnings. The Macquarie Asset Management (MAM) division reported a 43% increase in net profit contribution, while Macquarie Capital and Commodities and Global Markets (CGM) reported increases of 92% and 15% respectively. The Banking and Financial Services (BFS) division reported a 22% increase in net profit contribution.

Macquarie Group has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.