Top Ryde Acquisition and Loan Growth Pose New Challenges for MA Financial

Strong Fund Flows and Asset Growth

MA Financial Group has delivered a compelling operational update for the nine months ending 30 September 2025, showcasing significant growth across its asset management and lending platforms. The Group’s assets under management (AuM) surged 34% year-on-year to $13.3 billion, driven by record gross fund inflows of $2.2 billion, a 41% increase compared to the prior corresponding period.

This inflow momentum was underpinned by strong investor appetite for the Group’s Private Credit funds, highlighted by a successful $184 million secondary raising for the ASX-listed MA Credit Income Trust. Interest in real estate funds also gained traction, bolstered by the recent acquisition of IP Generation and the announced $525 million purchase of the Top Ryde City Shopping Centre, expected to settle in the fourth quarter.

Loan Book Expansion and Technology Platform Growth

On the lending front, MA Financial’s residential mortgage business, MA Money, experienced a remarkable 135% increase in its loan book, reaching $4 billion well ahead of its FY26 target. This acceleration reflects strong demand and effective execution in the mortgage aggregation and technology space.

Complementing this, Finsure, the Group’s mortgage aggregation platform, expanded its managed loans by 29% to $165 billion and grew its broker network by 11% to over 4,000 brokers. This growth underscores the platform’s increasing relevance and scale within the Australian mortgage market.

Corporate Advisory and Strategic Real Estate Moves

MA Financial’s Corporate Advisory division maintained robust activity levels, particularly in mergers and acquisitions. Notable advisory roles include acting for Pacific Equity Partners on the acquisition of Johns Lyng Group and for RPMGlobal on its takeover by Caterpillar Inc., reflecting the Group’s strong positioning in high-profile transactions.

Meanwhile, the Group’s real estate portfolio continues to expand with approximately $1 billion of core and alternative assets in advanced due diligence stages. However, the upcoming end of the investment management agreement for Marion Shopping Centre, owned jointly with Paragon Trust, is expected to have a negligible impact on earnings due to its lower fee margin.

Outlook and Earnings Expectations

Given the sustained momentum across its core businesses, MA Financial Group anticipates materially higher underlying earnings per share in the second half of 2025 compared to the first half. The combination of strong fund inflows, loan book expansion, and strategic acquisitions positions the Group well for continued growth and shareholder value creation.