On Friday, the company announced a net profit after tax of $2.043 billion, which is also a slight increase on the $2.030 billion reported for the half year ended 31 March 2021.
Macquarie also confirmed assets under management (AUM) of $737 billion as of 30 September 2021, an increase of 31 per cent in March.
Macquarie Group managing director and CEO Shemara Wikramanayake said the results reflect improved trading conditions across its platforms, including Macquarie Asset Management (MAM), and Banking and Financial Services (BFS) which generated a combined net profit of $2.517 billion, up 47 per cent from its March results and 57 per cent from September 2020.
The group also announced a $1.5 billion capital raising in a bid to invest in new opportunities.
“Macquarie has experienced a period of sustained and material growth in capital requirements across our annuity-style and markets-facing activities,” Ms Wikramanayake said.
“Having deployed $5.5 billion of capital over 2H21 and 1H22, we continue to see a strong pipeline of opportunities. Raising new capital provides us with additional flexibility to invest in new opportunities where the expected risk-adjusted returns are attractive to our shareholders, while maintaining an appropriate capital surplus.”
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
