Highlights
- Macquarie delivers 5% annual profit growth in FY25
- Global business diversification proves resilient
- Dividend payout aligns with ASX dividend stocks trend
Amid an uncertain global economic backdrop, Macquarie Group Ltd (ASX:MQG) reported a full-year net profit of A$3.715 billion for the financial year ending March 31, 2025—marking a 5% increase year-on-year. The group's ability to navigate market volatility has underscored its resilient and diversified global business model, making it a noteworthy performer on the ASX200 index.
The second half of FY25 was especially robust, with net profit jumping 30% to A$2.103 billion. Net operating income rose slightly to A$17.2 billion, while operating expenses held steady at A$12.1 billion.
CEO Shemara Wikramanayake highlighted the strength of Macquarie’s global client base and the benefits of its varied revenue streams. A standout feature was the group’s international operations, which contributed 66% of the total income, reinforcing its position as a globally integrated financial services provider.
Among its four operating divisions, Macquarie Asset Management delivered a strong net profit contribution of A$1.61 billion, benefiting from performance fees and the divestment of Macquarie Rotorcraft. Banking and Financial Services followed with A$1.38 billion in profit, supported by expanding loan volumes and deposits. Commodities and Global Markets saw a 12% dip to A$2.83 billion, mainly due to lower hedging activity and weaker energy markets in Europe and North America. Meanwhile, Macquarie Capital maintained a stable performance at A$1.04 billion.
The group's assets under management edged up to A$941.0 billion, reflecting modest growth over the previous period. Macquarie’s financial footing remains strong, with a capital surplus of A$9.5 billion and a CET1 ratio of 12.8%. Liquidity coverage remains solid at 175%.
Macquarie also maintained shareholder returns, announcing a final dividend of A$3.90 per share (35% franked), bringing the full-year dividend to A$6.50—aligned with a 67% payout ratio. This aligns with trends seen in broader ASX dividend stocks, many of which continue to appeal to income-focused investors.
For those monitoring broader indices like the ASX300, Macquarie's steady performance and capital management reflect the kind of resilience many investors look for amid macroeconomic headwinds.
Looking forward, Macquarie remains cautiously optimistic. While challenges such as inflation, shifting interest rates, and geopolitical tensions persist, the group’s diversified structure, disciplined risk management, and strong capital base provide a solid platform for sustainable performance into the medium term.
The final dividend is set for payment on July 2, 2025, with a record date of May 20. The Dividend Reinvestment Plan will be fulfilled through on-market purchases, maintaining flexibility in capital distribution strategy.