MA Financial Group highlights Q3 2024 performance

MA Financial Group (ASX:MAF) announced robust results for the third quarter of 2024. The company achieved record fund inflows and significant asset growth, expanding its lending and technology platforms. Despite macroeconomic challenges, MA Financial maintained momentum in asset management, lending, and corporate advisory services.

Overview of MA Financial Group's Q3 2024 achievements

MA Financial Group's Q3 2024 results highlight strong operational achievements, with record fund inflows and an 11% increase in assets under management to $9.9 billion. The company's lending platform saw significant growth, with Finsure's managed loans reaching $128 billion and MA Money's loan book surpassing $1.7 billion, reflecting a 180% increase from the previous year. The successful issuance of a $500 million Residential Mortgage-Backed Securities and the completion of a $40 million senior unsecured note offering underscore the group's financial stability and capability to support future growth. Despite subdued equity capital markets, MA Financial continues to focus on strategic initiatives, including exploring the launch of a Private Credit listed investment trust, indicating a proactive approach to diversifying revenue streams. The company remains committed to navigating the challenging macroeconomic landscape while pursuing growth and expansion opportunities.

Executive commentary on Q3 2024 results

Despite a challenging macroeconomic environment impacting transactional activities, MA Financial maintained positive momentum in asset management, lending, and corporate advisory services.