MA Financial Group (MAF) Q3 2025 TU earnings summary

Executive summary

• Achieved record gross fund inflows (excluding institutional) of $2.2 billion for the nine months to 30 September 2025, up 41% year-over-year.

• Assets under Management (AUM) increased 34% year-over-year to $13.3 billion as of 3Q25.

• Net inflows (excluding institutional) reached $1.1 billion, up 22% year-over-year.

• Announced intention to acquire Top Ryde City Shopping Centre for $525 million, with settlement expected in 4Q25.

• Continued strong business momentum across asset management, lending, and corporate advisory segments.

Financial highlights

• Finsure managed loans grew 29% year-over-year to $165 billion as of 3Q25.

• MA Money loan book surged 135% year-over-year to $4.0 billion, surpassing the FY26 target ahead of schedule.

• Redcape Hotel Group settled on 5 hotels worth $108 million and acquired the Plough Inn, with like-for-like venue EBITDA up 21% year-over-year.

Outlook and guidance

• On track to deliver materially higher underlying earnings per share (EPS) in 2H25 compared to 1H25, supported by strong momentum in fund inflows and lending.

• Net flows expected to remain strong in 4Q25, driven by the Top Ryde City raising and continued demand for Private Credit funds.