• Total AUM of $39.9 billion as of 31 December 2025
• Retail AUM decreased by $0.5 billion, while Institutional AUM increased by $0.2 billion
• Magellan Global Equities and Magellan Global Listed Infrastructure remain the largest contributors to AUM

Magellan Financial Group Ltd (ASX: MFG) has reported its assets under management (AUM) as of 31 December 2025. Total AUM stood at $39.9 billion, down slightly from $40.2 billion as of 30 September 2025. The decrease in AUM was primarily driven by a $0.6 billion outflow from the Magellan Global Equities retail fund, partially offset by a $0.2 billion inflow into the Vinva Global and Australian Equities funds. Institutional AUM increased by $0.2 billion, with a $0.2 billion inflow into the Airlie Australian Equities fund, partially offset by a $0.3 billion outflow from the same fund. The Magellan Global Equities and Magellan Global Listed Infrastructure funds remain the largest contributors to AUM, with $9.0 billion and $13.5 billion in AUM, respectively, as of 31 December 2025.