Latest Financial Services News

Magellan Financial Group says its Barrenjoey merger is integrating ahead of schedule, with annual synergies now forecast at $15 million. The group also reported $778 million of pro forma FY26 revenue, while warning that early FY27 trading has been softer in Financial Markets and Investment Management.

EQT Holdings delivered strong growth from its continuing businesses in FY26, but a superannuation exit, litigation and takeover uncertainty left group profit and dividends lower. The company says discussions with BGH Capital and TPG Global remain open, while targeting completion of the superannuation exit by the end of 2027.

Investor Centre is pursuing a restructuring and potential ASX reinstatement after Pulse Markets lost its financial services licence, while the group reported $35,000 in cash and $3.213 million of drawn debt at 30 September. The company says a new Lake Volta funding arrangement could support working capital, but the filing leaves important questions about the facility and the proposed recapitalisation unanswered.

CD Private Equity Fund II’s underlying investment vehicle has agreed to sell four mature private equity fund interests for approximately US$6.1 million. The sale is priced at 64% of reported NAV but could lead to a future distribution to CD2 unitholders.

MA Financial delivered strong third-quarter growth across lending, asset management and advisory, while warning that residential property credit conditions have forced a temporary redemption suspension. The group still expects underlying FY26 EPS to be materially higher than FY25.

Findi says it has not secured financing or restructuring terms acceptable to the relevant parties, while its cash runway remains short and its ASX suspension continues. The company cannot provide a date for lodging its FY2026 audited accounts or Annual Report.

Perpetual's Corporate Trust division reached a record A$1.4 trillion in funds under administration, but that progress was outweighed by A$9.6 billion in first-quarter Asset Management outflows. Wealth Management remained stable as the proposed Bain Capital sale moved towards a targeted late-2026 completion.

MyState reported a 41.2% rise in underlying FY26 NPAT to $58.3 million at its annual meeting, with merger synergies reaching $11.8 million on a run-rate basis. The bank kept its FY28 synergy target of $20 million to $25 million unchanged, while shareholders considered director, remuneration and CEO incentive resolutions.

Panorama Auto Trust 2024-3 reported a sharp reduction in securitised auto-loan liabilities and expected credit loss provisions during the year ended 30 June 2026. Net assets attributable to the unitholder rose to $46.8 million, although the special purpose report offers limited information beyond the trust and its unitholders.

Panorama Auto Trust 2023-1 reported a $9.3 million profit attributable to its unitholder for the year ended 30 June 2026, but says it expects to wind up and liquidate within 12 months. The accounts were prepared on a liquidation basis, with PwC issuing an unmodified audit opinion alongside an emphasis of matter on the planned termination.

HUB24’s total funds under administration rose 15% to $168.6 billion in the first quarter, while platform net inflows reached $4.0 billion. Growth remained broad-based across advisers and wealth software, although inflows fell 23% from a strong prior-year comparison.

Judo Bank has reaffirmed its FY27 profit guidance after reporting stronger lending and deposits in the first quarter, but asset-quality pressure is building. The bank’s 90-plus-days past-due and impaired loans rose to 3.16% at 30 September, keeping credit risk at the centre of its growth story.