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Magellan Financial Group Limited (ASX:MFG)

ALERT: Price-sensitive ASX Announcement for MFG
Current share price for MFG : $9.785 1.655 (20.36%)+
Announcement
Release
18 Feb 2026 8:57AM
Price at Release
$8.130
Full Release
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Summary
Magellan Financial Group Limited (MFG) reported an operating profit of $83.1 million for the first half of FY26 with earnings of 48.6 cents per share, showcasing the steady quality of earnings through diversification and disciplined capital management. Total assets under management remained stable at $39.9 billion. However, statutory net profit after tax was impacted by unrealized fair value movements in fund investments. The company declared an interim dividend of 39.5 cents per share, fully franked, under its revised dividend policy targeting a payout of at least 80% of group operating profit. MFG's CEO, Sophia Rahmani, emphasized the company's strategic progress, highlighting its robust balance sheet and continued capital returns to shareholders. The company remains focused on delivering for clients, deepening client relationships, and selectively investing for growth while maintaining a disciplined capital and risk management approach.
Key Points
  • Operating profit of $83.1 million and earnings of 48.6 cents per share, reflecting earnings quality through diversification.
  • Total assets under management stable at $39.9 billion.
  • Statutory NPAT down due to unrealised fair value movements in fund investments.
  • Interim dividend of 39.5 cents per share, fully franked, in line with revised policy.
  • MFG CEO highlights progress in strategy execution and earnings diversity.
  • Strong balance sheet with $504 million of liquid capital and no debt.
  • Ongoing capital management with $38.4 million returned via share buy-back.
  • Outlook focused on client delivery, investment performance, and growth opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.