Macquarie Shares Plunge After Disappointing Half-Year Result

Macquarie Shares Experience Sharp Decline After Half-Year Results

Macquarie Group faced its largest intraday drop since April following the release of half-year results that did not meet analyst expectations. The main factor behind the decline was weaker earnings from its commodities division.

Significant Share Price Movement

Near midday, Macquarie shares fell 6.7% to $202.56, approaching an intraday low of $202.37. This drop represents the steepest decline since April 4, when shares fell 9% due to broader market volatility linked to tariff announcements.

Company Overview

Macquarie Group is a diversified financial services firm offering asset management, finance, banking, advisory, and risk and capital solutions across debt, equity, and commodities, with a strong presence in Australia and operations globally.

Financial Performance Details

Reported net profit was nearly $1.7 billion, supported by performance fees in its asset management division.
Analysts had expected a first-half profit of $1.86 billion and an interim dividend of $3.09 per share.
UBS analyst John Storey stated:

The reported result was 10.4% below consensus estimates.

The earnings per share (EPS) were $4.37, falling short of expectations by 10.9%.

Summary

Despite a solid profit, Macquarie's result disappointed the market, leading to a notable share price drop and reflecting challenges in its commodities business.

Author's Summary

Macquarie Group's half-year profit fell short of forecasts, mainly due to weaker commodities earnings, causing its shares to drop sharply, marking the largest intraday fall since April.

ShareCafe — 2025-11-07