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Macquarie Group Limited (ASX:MQG)

ALERT: Price-sensitive ASX Announcement for MQG
Current share price for MQG : $245.250 -9.68 (-3.80%)+
Announcement
Release
23 Jul 2026 8:05AM
Price at Release
$254.930
Full Release
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Summary
The Macquarie Group's 2026 Annual General Meeting announced a strong financial performance for the year ending March 31, 2026, with a net profit of $A4.8 billion, which marks a 30% increase from the previous year. The Group maintained a solid capital position exceeding APRA's Basel III requirements, with a common equity tier 1 capital ratio of 13.8%. Macquarie's diversified business model contributed to this success, with significant profit boosts in Macquarie Capital and Commodities and Global Markets. The AGM also highlighted the Group's cautious outlook given market volatility and geopolitical uncertainties, while remaining committed to sustainability goals in line with the Paris Agreement. Additionally, leadership changes were announced, including the upcoming retirement of CEO Shemara Wikramanayake and the appointment of William Vereker to the Board.
Key Points
  • Macquarie Group reported a 30% increase in net profit for FY26, totaling $A4.8 billion.
  • The Group's capital position exceeds APRA's Basel III requirements with a 13.8% common equity tier 1 ratio.
  • Increased profit contributions from Macquarie Capital and Commodities and Global Markets.
  • Cautious market outlook due to global economic and geopolitical factors.
  • Commitment to sustainability aligned with the Paris Agreement.
  • CEO Shemara Wikramanayake announced her retirement.
  • William Vereker joined the Board as an independent director.
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.