MA Financial Group Ltd reported a record first-half profit for fiscal 2026, with underlying earnings up 45% to AUD 154 million, excluding notable items. Total earnings per share climbed 96% when divestment gains were included, while return on equity rose to 15%, up 400 basis points from the prior period.
The company’s shares jumped 17.47% to AUD 7.06, extending gains from a previous close of AUD 6.01. MA Financial’s 52-week trading range stands at AUD 5.51 to AUD 11.64. Interim dividends increased 33% to AUD 0.08 per share, fully franked, marking nine consecutive years of payouts.
Recurring revenue reached AUD 154 million, accounting for 72% of total revenue, compared with AUD 44 million five years prior. Corporate advisory fees totaled approximately AUD 50 million in the first half, with an additional AUD 25 million expected from post-balance-date transactions. MA Financial expects annualized revenue to exceed AUD 500 million within 12 to 18 months.
Assets under management surged 44% to AUD 15.5 billion, while the MA Money loan book expanded to AUD 7.5 billion at June 30, rising to over AUD 8 billion after period-end. Net interest margin for MA Money was 1.33%. The Finsure loan book grew to AUD 193 billion, up from less than AUD 60 billion four years ago, with a 25% increase in platform loans. July settlements for Finsure reached AUD 8 billion, up about 10% year-on-year.
MA Money raised its fiscal 2026 net profit after tax guidance to AUD 25 million to AUD 30 million, up from prior expectations of north of AUD 20 million. Gross inflows in the first six weeks post-results exceeded AUD 400 million, with net inflows of AUD 166 million. The New Zealand Active Investor Plus program is projected to contribute AUD 100 million to AUD 200 million annually, with over NZD 100 million already deployed.
Joint CEOs Julian Biggins and Chris Wyke highlighted the group’s diversified performance and operational discipline. Biggins noted that recurring revenue now represents 72% of total revenue, reinforcing the predictability of future earnings. Wyke emphasized the company’s focus on fast turnaround times as a core operational strength.
