Macquarie Group (MQG) AGM 2025 summary

Opening remarks and agenda

• The meeting began with safety instructions, acknowledgment of traditional land owners, introduction of board members and executives, and outlined agenda items including financial results, board elections, and shareholder questions.

• Chair's update, financial year review, first quarter update, outlook for FY26, and formal business were outlined as the main agenda items.

Financial performance review

• FY25 net profit was AUD 3.715 billion, up 5% from FY24, with operating income of AUD 17.208 billion, a 2% increase.

• Earnings per share for FY25 was AUD 9.79, up 7% from FY24.

• Return on equity for FY25 was 11.2%.

• Macquarie Asset Management saw a 33% profit increase, while Commodities and Global Markets experienced a 12% decline.

• International income accounted for 66% of total income, with significant contributions from Americas, EMEA, Asia, and Australia.

Board and executive committee updates

• No changes to the board since the last AGM; directors Jillian Broadbent, Philip Coffey, and Michelle Hinchliffe stood for reelection, highlighting their expertise in banking, risk, and audit.

• CFO Alex Harvey will step down by 31 December 2025, with Frank Kwok set to succeed him effective 1 January 2026.