MA Financial posts 44% annual jump in assets under management
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The news: MA Financial reported a 44% year-on-year increase in assets under management (AUM) to $14.8 billion in the first quarter, however total AUM fell 3% over the quarter.
The numbers: For the three months to March, listed market inflows totalled $289 million, raised via the IPO of the MA Credit Income Fund.
Finsure managed loans rose 27% to $179 billion, with monthly loan applications reaching $11 billion in March.
The MA Money loan book grew 138% to $6.2 billion, representing a $1 billion year-on-year increase.
The context: MA Financial said the positive performance was due to the growth in its MA Money loan book and strong transactional volumes in asset management.
The reduction in total AUM during the period was due to the removal of Marion and Corrimal shopping centres, with a combined value of $700 million, from the group’s AUM. MA said the asset realisations are expected to have an immaterial impact on its FY26 earnings.
What they said: "The diversity of the MA Financial business and the growth experienced in the second half of FY25 with the acquisition of IP Generation, the $4 billion of growth in AUM and the momentum in MA Money is expected to underpin material growth in FY26 despite the volatile market conditions,” MA Financial joint CEOs Julian Biggins and Chris Wyke said.
The source: ASX
