Macquarie Group's half-year financial results

Macquarie Group (ASX:MQG) has announced a half-year net profit of $A1,612 million for the period ending 30 September 2024. This represents a 14% increase compared to the same period last year. The group's international income accounted for 65% of the total income. Assets under management reached $A916.8 billion, a 3% increase from the previous year.

Macquarie Group's strategic focus and future outlook

Macquarie Group has demonstrated strong financial performance with a notable 14% increase in half-year net profit, largely driven by Macquarie Asset Management and digitalisation initiatives. The group's assets under management have also seen growth. Macquarie maintains a strong capital position with a surplus of $A9.8 billion, exceeding regulatory requirements. The company declared an interim dividend of $A2.60 per share and has extended its $A2 billion share buyback program. Despite a decline in market-facing activities, Macquarie remains focused on leveraging its diverse business mix to drive future growth. The company emphasizes a cautious outlook, considering various global economic factors, and continues to prioritize strong capital and liquidity management.

Executive insights on Macquarie Group's performance

The diverse business mix and ongoing investments in digitalisation and operational efficiency are key benefits for the Group's performance and future outlook.