Macquarie posts solid Q3
Macquarie Investment Management’s compensation package to investors in the Shield Master Fund did not warrant a mention in Macquarie’s latest trading update to the Australian Securities Exchange (ASX) revealing a substantial lift in profits across most businesses.
The third quarter update reveal Macquarie Asset Management’s net profit contribution was substantially up driven by divestment of the North American and European public investments business while its FY26 year to date contribution was also substantially up on the prior corresponding period, including performance fees.
It said Banking and Financial Services net profit was slightly up driven by volume growth in the loan portfolio partially offset by lower margins due to competition and changes to the portfolio mix.
It said Commodities and Global Markets net profit contribution was substantially up on the prior period due to higher income across Asset Finance, partially offset by higher operating expenses.
Macquarie Capital net profit was substantially up driven by higher investment-related income from asset realisations and the private credit portfolio, partially offset by lower fee and commission income.
In the commentary accompanying the update, Macquarie said it continued to maintain a cautious stance, with a conservative approach to capital, funding and liquidity that positioned it well to respond to the current environment.
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