MA Financial posts record half year results

MA Financial reported record first-half 2026 financial results on 20 August, with underlying net profit after tax rising 59 per cent to $35.9 million. The firm’s focus on senior secured real estate lending and enhanced disclosure has helped it manage the current market uncertainty.

The company’s underlying revenue increased 41 per cent to $230.1 million, while underlying EBITDA rose 43 per cent to $68.2 million. Statutory EPS came in at 9.8 cents, up 109 per cent on 1H25.

The market responded strongly to the results, with shares in MA Financial rising as much as 21 per cent during the session. Joint CEO Chris Wyke attributed the success to the company’s investments in its platform, people, and customer base over the years.

Wyke said that over 70 per cent of the firm’s underlying earnings are now recurring in nature, making the business more predictable from year to year. Assets under management rose 44 per cent to $15.5 billion, driven by strong growth in core real estate, hospitality, and private credit.

MA Financial’s private credit platform continued to scale, with AUM increasing to $7.5 billion. The company operates across a range of private credit strategies, including asset-backed lending, corporate credit, and real estate credit. Wyke highlighted the importance of transparency and disclosure in the private credit space, which is essential for fund buyers to make informed decisions.

The group acknowledged ASIC’s intensified supervision of Australia’s private credit market and its reviews of the industry. They are considering capital management options for their real estate credit strategies, given the current weakness in the residential real estate market.

Wyke emphasized the need for investors to understand what they are invested in, particularly in times of uncertainty. He noted that while some funds have struggled, the entire asset class is not doomed to fail. MA Financial’s real estate private credit is focused on senior secured lending, which should help it manage through challenging market conditions.

MA Financial’s record results and strong market response demonstrate its effective strategy and execution.