• Operating earnings of 48.6 cents per share, up 5% on 1H25
• Interim dividend of 39.5 cents per share, fully franked, up 50% on 1H25
• Assets under management of $39.9 billion, up 3% on 1H25
• Continued earnings diversification with increased contributions from strategic partnerships

Magellan Financial Group Ltd has announced its interim financial results for the half year ended 31 December 2025. The Group reported operating profit of $83.1 million and operating earnings of 48.6 cents per share, reflecting the continued strengthening of earnings quality through diversification and disciplined capital management. Total assets under management were broadly stable at $39.9 billion. Statutory net profit after tax (NPAT) was down 27% due to unrealised fair value movements in fund investments. The Board has determined an interim dividend of 39.5 cents per share, fully franked, payable in accordance with the Group's revised dividend policy targeting at least 80% of Group operating profit. The Group's CEO and Managing Director, Sophia Rahmani, stated that the first-half result reflects the progress the company is making in delivering its strategy and strengthening the diversity of earnings. Despite the challenging environment for active managers, MFG delivered earnings growth, maintained a strong balance sheet, and continued to return capital to shareholders. The company remains focused on delivering for clients, supporting investment performance, deepening client relationships, and selectively investing for growth, while maintaining a disciplined approach to capital and risk management.

As the Group enters the second half of FY26, MFG remains focused on delivering for clients, supporting investment performance, deepening client relationships and selectively investing for growth, while maintaining a disciplined approach to capital and risk management.