MA Financial Group Limited (ASX: MAF) - Financials

- Current share price for MAF : $6.000

MA Financial Group Limited (MAF) is a global alternative asset manager specialising in private credit, real estate and hospitality, listed on the ASX. The Group lends to the property, corporate and specialty finance sectors, and provides corporate advice. As at 31 December 2025, the Group had $15.3bn in Assets under Management and employed over 900 professionals across Australia, China, Hong Kong, New Zealand, Philippines, Singapore and the United States.

MAF Per Share

Year to Jun	Cashflow	Earnings	Dividends	Franking	Book Value	Relative P/E	Shareholder Return
2025	222.3 ¢	32.8 ¢	20 ¢	100%	$2.64	176.2%	82.3%
2024	-1.5 ¢	30.4 ¢	20 ¢	100%	$2.60	124.4%	15.4%
2023	13.4 ¢	25.5 ¢	20 ¢	100%	$2.23	136.3%	27%

MAF Historical Financials

	2025	2024	2023
Investment Income ($M)	577.9	314.2	150.8
Other Income ($M)	1,219.5	895	766.1
Management Expense Ratio (%)	16.8	10.9	8.5
Net Profit Before Abs ($M)	57.8	50.8	42
Net Profit After Abs ($M)	10.4	41.8	31.1
Shareholders Equity ($M)	462.5	417.5	397.5
Return on Equity (%)	12.5	12.2	10.6
Payout Ratio (%)	61	66	78

MAF Cashflow

	2025	2024	2023
Customer Receipts ($M)	968	787	670
Net Operating Cashflow ($M)	391.49	-2.46	22.18
Net Investing Cashflow ($M)	-124	4	19
Net Financing Cashflow ($M)	-24	-6	-6

MAF Market & Earnings

	2025	2024	2023
Market Cap ($M)	1,911.9	984.4	984.4
Net Gearing (%)	1,745.7	1,049	443.4
Net Interest Cover (%)	0.31	-0.05	-0.7
Dividend Yield (%)	1.8	3.3	3.6
NTA Per Share ($)	1.33	1.38	1.13
EBT Before Abs ($M)	77.5	65.9	54.4

MAF Balance Sheet

	2025	2024	2023
Cash ($M)	421	178.4	180.3
Current Investments ($M)	52.9	53.6	161.2
Receivables ($M)	105.6	68.1	86.4
Other Current Assets ($M)	300	231.3	179
Total Current Assets ($M)	879.4	531.4	607
Non-Current Investments ($M)	232.8	86.4	76.5
Property ($M)
Other Non-Current Assets ($M)	10,266	5,402	2,890
Total Non-Current Assets ($M)	10,499	5,488	2,967
Total Assets ($M)	11,378	6,019	3,574
Creditors ($M)	124.4	75.3	59.6
Provisions ($M)	64.9	45	38.8
Deferred Taxes ($M)	21.7	16.3	18.6
Other Current Liabilities ($M)	2,482.8	1,596.1	666.1
Total Current Liabilities ($M)	2,672.1	1,716.5	764.6
Borrowings ($M)
Other Non-Current Liabilities ($M)	1,531.1	645.4	510.8
Total Non-Current Liabilities ($M)	8,224	3,885	2,348
Total Liabilities ($M)	10,896	5,602	3,113
Shareholders Equity ($M)	462.5	417.5	397.5

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Data shown on this website is sourced by Morningstar
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