MA Financial Group (MAF) AGM 2025 summary

Opening remarks and agenda

• Meeting opened at 11:30 A.M. with a quorum present and a welcome to shareholders and guests.

• Acknowledgement of traditional land and introduction of board members, executives, auditors, and legal counsel.

• Overview of meeting procedures, voting, and Q&A protocols provided.

Financial performance review

• 2024 saw strong progress with record client inflows, growth in lending, and asset management.

• Group earnings per share up slightly; second half 2024 earnings rose 35% over the first half.

• 62% of 2024 revenue was recurring, up from 48% in 2022, supporting a stable outlook.

• Underlying net profit for 2024 was AUD 42.1 million, up 1% from 2023.

• First quarter 2025 showed continued momentum with record fund inflows and loan growth.

Board and executive committee updates

• Cathy Yuncken appointed as independent Non-Executive Director, enhancing board diversity and expertise.

• Board composition and director experience highlighted, with reelections and new appointments.