Key points
- FY26 revenue of $778m, down 12% YoY
- Operating profit after tax of $215m, down 47% YoY
- Net profit after tax of $146m
- Dividend of 25.5 cents per share, fully franked
- Clear plan for growth and integration of Barrenjoey
Full summary
Magellan Financial Group Ltd presented its FY26 results, highlighting a revenue decrease of 12% to $778 million and a significant drop in operating profit after tax by 47% to $215 million. The company's net profit after tax stood at $146 million, and a fully franked dividend of 25.5 cents per share was declared. The presentation also outlined a clear plan for growth and integration of Barrenjoey, emphasizing diversified and resilient revenue streams. The integration of Barrenjoey is well progressed, with operational synergies being implemented and new alternative asset products being distributed. The company anticipates fee reductions and cost savings from the appointment of Vinva as investment manager, which will impact future operating profit after tax.
Guidance
FY26 revenue $778m, operating profit after tax $215m, net profit after tax $146m
Outlook
Magellan Financial Group Ltd is focused on capturing merger benefits, integrating Barrenjoey, and expanding investment management opportunities. The company aims to achieve diversified and resilient revenue streams through its various business divisions.