MA Financial Group (ASX:MAF) expects asset management inflows to continue in H2FY24

Thu 22 Aug 24, 07:15 AM | Team Kalkine

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Highlights

MA Financial is a diversified financial services provider

In 1HFY24, revenue of MAF increased by 5% YoY to AUD 134.5 million

In 2HFY24, the company expects continuation of asset management fund inflows

MA Financial Group Limited (ASX:MAF) is an ASX-listed diversified financial services provider that offers services related to asset management, corporate advisory, lending and equities.

In the first half of the financial year 2024 (1HFY24), the company witnessed 5% YoY growth in its revenue to AUD 134.5 million, backed by gross fund inflows of AUD 1.1 billion during the reported period, up 16% YoY. Despite the revenue growth, the underlying EBITDA fell by 16% YoY to AUD 38.3 million, driven by investments in future growth. The strategic investment in 1HFY24 in growth initiatives led to an AUD 8.6 million fall in EBITDA.

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