Magellan Financial Group Ltd (ASX:MFG) Reports FY25 Financial Results
Financial Performance
Magellan Financial Group Ltd reported a statutory net profit after tax of $165.0 million for FY25, a decrease of 31% compared to FY24. Operating profit increased by 5% to $159.7 million. Total assets under management rose by 8% to $39.6 billion.
Diversified Earnings
The Group saw a significant rise in income from strategic partnerships and investments. Income from associates reached $31.1 million, up 202% on FY24, while income from fund investments increased by 210% to $42.2 million.
Dividends and Capital Management
The Board declared a final dividend of 25.9 cents per share and a special dividend of 21.0 cents per share, both fully franked, totalling 73.3 cents per share for the year. Additionally, $74 million was returned via share buy-backs, bringing total returns to shareholders to $202 million.
Executive Comments
CEO and Managing Director Sophia Rahmani stated, “FY25 was a year of momentum and renewal. With operating profit growing 5.4% to $159.7 million and assets under management increasing by 8.2% to $39.6 billion, we are seeing the benefits of strategic diversification and improved investment performance across all our capabilities.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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