Macquarie Group Limited (ASX:MQG) Announces 3Q25 Trading Update
Financial Performance
Macquarie Group reported that its 3Q25 net profit after tax was broadly in line with FY24 year to date. The annuity-style businesses, including Macquarie Asset Management and Banking and Financial Services, saw a substantial increase in net profit driven by volume growth in BFS and higher performance fees in MAM. Conversely, the markets-facing businesses experienced a decline in net profit compared to the prior corresponding period, impacted by subdued commodity markets and the timing of income recognition.
Dividend and Share Buyback
The company satisfied its Dividend Reinvestment Plan for the 1H25 dividend by allocating ordinary shares at a price of $231.23 per share on 17 December 2024. Additionally, Macquarie’s Board approved an extension of its on-market share buyback program, increasing it by up to $2 billion for another 12 months. As of 10 February 2025, $1.013 billion of ordinary shares have been repurchased at an average price of $189.80 per share.
Capital and Liquidity Update
Macquarie maintains a strong funded balance sheet with a group capital surplus of $8.5 billion as of December 2024. The company’s APRA Basel III Level 2 CET1 ratio stands at 12.6%, and the average Liquidity Coverage Ratio was 196% for the quarter. These metrics support ongoing growth with a robust funding and capital position.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.