Partnerships paying off for Magellan | Australian Markets

Investment supervisor, Magellan Financial Group has posted a 31% decline in full 12 months internet revenue after tax to $165 million on the back of a 12% decline in investment management income.

The Magellan consequence, introduced to the Australian Securities Exchange, revealed some positives by way of diversified earnings contributions from strategic partnerships and investments up 202% to $31.1 million and with income from fund investments up 210% to $42.2 million.

Those partnerships involving Barrenjoey and Vinva validated Magellan’s strategic choices over the previous 18 months.

The administrators declared a closing dividend of 25.9 cents per share and a particular dividend of 21 cents per share, each fully-franked.

It stated the particular dividend mirrored the fabric increase in non-investment management earnings.

Commenting on the consequence, Magellan chief government and managing director, Sophia Rahmani stated FY2025 had been “a year of momentum and renewal”.

She emphasised that with working revenue growing 5.4% to $159.7 million and property underneath management growing by 8.2% to $39.6 billion the company was seeing the advantages of strategic diversification and improved investment efficiency throughout all of its capabilities.

“Our investment in partnerships is increasingly contributing to earnings, with income from Barrenjoey and Vinva more than tripling to $31.1 million,” Rahmani stated. “This represented 20% of our total operating profit.”

The company’s ASX announcement painted a constructive outlook saying MFG enters FY26 with a high-quality platform, an skilled management staff and growing momentum throughout its investment capabilities and strategic partnerships.