Australia's Macquarie Beats Consensus With 30% Fiscal Year Profit Jump
By Stuart Condie
SYDNEY--Macquarie raised its final dividend after volatility in global markets helped power a stronger-than-expected 30% jump in the Australian financial group's annual profit.
Macquarie, known locally as The Millionaires' Factory, on Friday reported a net profit for the 12 months through March of 4.85 billion Australian dollars, equivalent to US$3.49 billion.
The result comfortably beat the average analyst forecast of A$4.35 billion, as calculated by Visible Alpha.
The net profit contribution from Macquarie's commodities and global markets unit surged 49% to A$4.22 billion. With markets roiled by the Iran conflict, analysts had been watching the division closely as a likely driver of a potential profit beat.
Macquarie raised its final dividend to A$4.20 a share, from A$3.90 a year earlier.
Assets under management fell 23% to A$722.1 billion after Macquarie sold its OnStream smart-meter portfolio and the AirFinance leasing service. Excluding divestments, assets under management rose 8%.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
May 07, 2026 18:57 ET (22:57 GMT)
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