• Continue to deepen client relationships, accelerate growth in infrastructure and adjacencies, and scale key capabilities in real estate, credit and insurance, secondaries and systematic investments
• Growing and diversifying capital through partnerships, expanding wealth capabilities and driving momentum in reinsurance
• Consistent investment performance, with ~55% of assets under management across fixed income, equities & multi-asset strategies outperforming their respective 3-year benchmarks

Macquarie Group has reported its 1H26 results, with a net profit of $A1,655m, up 3% on 1H25 but down 21% on 2H25. The group's diversified business model continues to deliver, with strong performance across Macquarie Asset Management (MAM), Macquarie Capital (MacCap) and Banking and Financial Services (BFS). MAM reported a 43% increase in net profit contribution on 1H25, driven by higher performance fees. MacCap saw higher M&A and brokerage fee income, as well as higher net income on the private credit portfolio. BFS reported growth in the loan portfolio and deposits, partially offset by margin compression and higher technology expenses. Commodities and Global Markets (CGM) saw higher operating expenses due to increased investment in the platform, remediation-related spend and significant transaction-related costs, though commodities income was broadly in line with 1H25. Macquarie's assets under management (AUM) increased to $A959.1b, up 2% on 31 Mar 25, primarily driven by favourable market movements and increased net asset valuations, offset by outflows in equity strategies and unfavourable foreign exchange movements. The group continues to focus on deepening client relationships, accelerating growth in infrastructure and adjacencies, and scaling key capabilities in real estate, credit and insurance, secondaries and systematic investments. Macquarie also reported consistent investment performance, with ~55% of AUM across fixed income, equities and multi-asset strategies outperforming their respective 3-year benchmarks.

Macquarie expects to deliver a full-year result for FY26 that is broadly in line with the prior year. The group's annualized return on equity is expected to be around 10% for FY26.

Macquarie remains focused on deepening client relationships, accelerating growth in infrastructure and adjacencies, and scaling key capabilities in real estate, credit and insurance, secondaries and systematic investments. The group is also working to grow and diversify capital through partnerships, expand wealth capabilities and drive momentum in reinsurance.