Feb 10 (Reuters) – Australia’s Macquarie said on Tuesday trading conditions remained satisfactory in its third quarter following stronger profit across several businesses, while signalling improved momentum heading into year-end.
Macquarie, which does not disclose quarterly profit figures, said the asset management division delivered one of its upbeat performances, helped by gains from the sale of its North American and European public investments business.
Assets under management edged up 3% to A$736.1 billion ($521.75 billion) at December-end from September.
Commodities and Global Markets posted a solid quarter, with profit contribution substantially higher than a year earlier, while year-to-date earnings for fiscal 2026 were broadly in line as improved asset-finance income offset higher expenses.
Macquarie Capital also reported a firmer result, buoyed by asset realisations and higher income from its private-credit portfolio, though fee and commission income fell as the timing of several large deals shifted.
The Banking and Financial Services division reported a slightly higher third-quarter profit than a year earlier, although intensifying competition continued to squeeze lending margins.
The bank’s push into Australia’s ultra-competitive mortgage market continued, with its home-loan portfolio rising 7% from September 30 to A$172.2 billion as of December 31, while total deposits rose 6% to A$204.5 billion.
In the short term, the company expects investment-related income at Macquarie Capital to be up, net other operating income in Macquarie Asset Management to be significantly higher, and commodities income in Commodities and Global Markets to rise.
($1 = 1.4108 Australian dollars)
(Reporting by Roushni Nair and Roshan Thomas in Bengaluru; Editing by Alan Barona and Sriraj Kalluvila)
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