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Magellan raises Barrenjoey synergy target to $15m ahead of BJY rebrand vote
7:33am on Thursday 22nd of October, 2026 AEDT
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Financial Services
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Magellan raises Barrenjoey synergy target to $15m ahead of BJY rebrand vote
7:33am on Thursday 22nd of October, 2026 AEDT
Key Points
Annual merger synergies upgraded from $6 million to $15 million
Pro forma FY26 revenue of $778 million and operating profit after tax of $215 million
25.5 cents per share fully franked second-half dividend declared
AUM fell 8% to $38.0 billion in the opening months of FY27
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