Macquarie Group financial highlights

Macquarie Group (ASX: MQG) has announced its financial results for the half-year ending 30 September 2024. The group's net profit attributable to shareholders reached $A1,612 million, marking a 14% increase compared to the previous year. However, this represents a 23% decrease from the second half of 2024. The annualized return on equity stood at 9.9%, with basic earnings per share at $A4.25. Macquarie declared an interim dividend of $A2.60 per share.

Macquarie Group half-year report summary

Macquarie Group's half-year financial results highlight a strong net profit increase of 14% year-on-year while noting a decrease from the previous half. Major business segments such as Banking and Financial Services, Macquarie Asset Management, Commodities and Global Markets, and Macquarie Capital have shown varied performance, contributing to the group's diversified earnings. The company has declared an interim dividend and maintains a solid capital position with a surplus of $A9.8 billion and a CET1 ratio of 12.8%. Looking ahead, Macquarie anticipates stable performance from its annuity-style businesses and growth from markets-facing activities. The group remains focused on responding to market conditions with a conservative approach to capital, funding, and liquidity management, while embracing international diversification and preparing for regulatory changes set for 2027.

Macquarie Group executive commentary

Macquarie's financial results reflect solid performance across our diversified business model. Our annuity-style activities continue to deliver consistent earnings, while our markets-facing activities benefit from increased client activity. We remain committed to investing in our business to enhance client experience and capture growth opportunities globally.