• Statutory net profit after tax of $68.9 million, down 27% year-on-year
• Operating profit after tax of $83.1 million, stable year-on-year
• Interim dividend of 39.5 cents per share, up 50% year-on-year

Magellan Financial Group Ltd (ASX: MFG) has reported its 2026 interim results for the half-year ended 31 December 2025. The company's statutory net profit after tax declined 27% to $68.9 million, while operating profit after tax remained stable at $83.1 million. The Group's financial performance was supported by increased earnings contributions from strategic partnerships and fund investment income, which partially offset continued pressure on average management fees. Earnings per share benefited from the on-market share buyback program, which returned $38 million of capital over the half. During the period, Magellan continued to execute on its strategy, including the launch of a refreshed corporate brand and the unification of its US operations under the Magellan Investment Partners brand. The company also strengthened its leadership and governance framework with the appointment of a new independent non-executive director. While investment management revenue declined, the company saw solid institutional flows in global listed infrastructure and Australian equities, as well as continued momentum in its global and Australian systematic equity funds. Magellan also announced an interim dividend of 39.5 cents per share, fully franked, reflecting its updated dividend policy to target at least 80% of Group operating profit.

As Magellan enters the second half of FY26, the company's priorities remain focused on deepening client relationships, supporting its investment teams, and selectively investing for future growth. Magellan will continue to assess opportunities that complement its core capabilities in investment management and specialist financial services, while maintaining a disciplined approach to risk management and capital allocation.