Appendix 4E, Annual Report and Financial Statements

Key points

• Completed merger with Barrenjoey Capital Partners on 1 July 2026
• Operating profit after tax decreased by 9% to $144.9 million
• Statutory net profit after tax decreased by 47% to $87.9 million
• Total dividend per share increased by 24% to 65.0 cents
• Assets under management decreased by 7% to $36.7 billion

Full summary

Magellan Financial Group Ltd (MFG) has released its Annual Report and Financial Statements for the year ended 30 June 2026, highlighting a 9% decrease in operating profit after tax to $144.9 million. The statutory net profit after tax decreased by 47% to $87.9 million, impacted by fair value losses on shareholder capital invested in MFG funds and merger-related costs. The merger with Barrenjoey Capital Partners was completed on 1 July 2026, creating a diversified Australian financial services group. The total dividend per share increased by 24% to 65.0 cents, and assets under management decreased by 7% to $36.7 billion. The Group's operating earnings per share decreased by 8% to 82.8 cents.

Guidance

MFG expects to complete the merger integration in FY27, aiming for increased revenue and profit growth.

Outlook

MFG is focused on disciplined execution to deliver increased revenue and profit growth over time, leveraging the merger benefits and expanding its product and client capabilities.