Macquarie Group (MQG) AGM 2025 summary

Opening remarks and agenda

• The meeting began with a welcome, acknowledgment of traditional owners, introduction of board members and executives, and outlined the agenda including financial review, board reelections, voting on resolutions, and Q&A.

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 results rose 33%, while Commodities and Global Markets profits declined 12%.

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

Board and executive committee updates

• Directors Jillian Broadbent, Phil Coffey, and Michelle Hinchliffe stood for reelection, highlighting expertise in risk, audit, and remuneration.

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

• Succession planning for board and executive roles is ongoing, focusing on a strong talent pipeline.