MA Financial Group (MAF) Q3 2026 TU earnings summary

Executive summary

• 3Q26 momentum reflected AUM growth, strong MA Money expansion and transaction activity across asset management and corporate advisory.

• Underlying EPS, excluding large notable items, is expected to be materially higher in FY26 than FY25, with earnings skewed to 2H26.

Financial highlights

• AUM reached $15.7bn at 30 September, up 18% YoY; unlisted fund gross flows excluding institutional flows were $710m, up 11% YoY, while net flows were $245m, down 14%.

• Total fund flows including institutional flows were $715m gross and $250m net in 3Q26, versus $831m gross and $394m net in 3Q25.

• MA Money's loan book increased 123% YoY to $8.9bn, including a $1.4bn net increase in 3Q26.

Outlook and guidance

• FY26 underlying EPS, excluding large notable items, is expected to be materially higher than FY25, with an earnings skew to 2H26.

• Already-announced 2H26 corporate advisory transactions are expected to contribute an additional $32m of fees in FY26.

• US private credit AUM exceeded A$600m at 30 September, increasing confidence in reaching earnings breakeven in FY27.

• MA Money loan-book growth is expected to slow in 4Q26 amid a broader residential mortgage lending slowdown.