Macquarie Group posts $3.72B full-year profit, up 5% YOY

Macquarie Group (ASX:MQG) has reported a full-year net profit of $3,72 billion for the fiscal year ended March 31, marking a 5% increase from the same period in FY24.

The second-half profit rose to $2.10 billion, up 30% on the first half.

International income comprised 66% of total revenue, while assets under management reached $941 billion, slightly up from the previous year.

Return on equity improved to 11.2%, with a H2 FY25 annualised ROE of 12.5%.

Group Managing Director and CEO Shemara Wikramanayake highlighted the company’s resilience amid global economic uncertainty, citing strong client franchise performance and continued profitability.

Net operating income rose 2% year-on-year to $17.21 billion while operating expenses remained steady at $12.14 billion.

Macquarie Asset Management led group contributions with a $1.61 billion profit, up 33% due to performance fees and asset sales.

Banking and financial services posted $1.38 billion, up 11%, supported by loan and deposit growth.

Commodities and global markets saw a 12% decline in profit to $2.83 billion due to subdued hedging activity and lower trading income.

The bank group's CET1 ratio stood at 12.8% and the LCR and NSFR at 175% and 113%, respectively.

Total deposits increased 20% to $177.7 billion, while $32 billion in term funding was raised over the year.

The board declared a final ordinary dividend of $3.90 per share, 35% franked, bringing the full-year dividend to $6.50 per share.

The dividend is payable on July 2 to shareholders on record as of May 20.