MA Financial Reports Robust Growth Despite Investments

MA Financial Group Limited (AU:MAF) has released an update.

MA Financial Group Limited reported a strong first half of 2024, with a 13% increase in assets under management to $9.7 billion and a 22% rise in Finsure managed loans to $121 billion, despite a 16% decrease in underlying EBITDA. The company announced significant partnerships, including a $1 billion Australian Real Estate Credit vehicle with Warburg Pincus, and expects a material increase in earnings per share in the second half of the year as investment impacts wane and MA Money approaches profitability. Shareholders were maintained with a fully franked interim dividend of 6 cents per share, consistent with the previous year.

For further insights into AU:MAF stock, check out TipRanks’ Stock Analysis page.