Key points
- Combined group pro forma revenue of $778m
- Group operating profit after tax of $215 million
- Final dividend of 25.5 cents per share
- MFG operating profit after tax down 9%
- MFG net profit after tax down 47%
Full summary
Magellan Financial Group Ltd announced its FY26 financial results, revealing a combined group pro forma revenue of $778 million, diversified across three business lines. The pro forma operating profit after tax was $215 million, with Barrenjoey Capital Partners' operating profit increasing by 68% to $112 million, offsetting the decline in MFG's operating profit. The combined group's net profit after tax was $146 million, including non-recurring and non-cash items. MFG's operating profit after tax for FY26 was $145 million, down 9%, while its net profit after tax was $88 million, down 47%. The MFG Board declared a final dividend of 25.5 cents per share, representing an 80% payout ratio of operating profit after tax.
Guidance
Combined group pro forma revenue: $778m, Group operating profit after tax: $215m, MFG operating profit after tax: $145m
Outlook
MFG intends to change its name to Barrenjoey Group Limited and its ASX ticker to BJY, subject to shareholder approval.