Balance Sheet Magellan Financial Group Limited

Equities

MFG

AU000000MFG4

Investment Management & Fund Operators

Market Closed - Australian S.E. Other stock markets 04:11:00 17/04/26 pm AEST			5-day change	1st Jan Change
9.580 ^AUD	+1.05%		+1.38%	-4.01%

10/04	Australian Shares Flat; Magellan Financial Group Shareholders Approve Barrenjoey Merger	MT
10/04	Magellan Financial Shareholders Approve Issuance of Consideration Shares to Barrenjoey in Merger	MT

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Published financial data: MAGELLAN FINANCIAL GROUP LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	667M	606M	343M	278M	247M
Gain (Loss) on Sale of Investment, Total (Rev)	35.86M	-73.58M	39.29M	68.03M	18.56M
Interest And Invest. Income (Rev)	16.89M	18.02M	48.47M	32.17M	52.82M
Other Revenues, Total	-	-	-	-	-
Total Revenues	720M	550M	431M	379M	319M
Cost of Goods Sold, Total	70.51M	88.65M	92.12M	72.77M	74.38M
Gross Profit	649M	461M	339M	306M	244M
Selling General & Admin Expenses, Total	32.5M	36.97M	31.87M	30.98M	32.98M
Depreciation & Amortization - (IS)	7.07M	7.14M	6.04M	3.96M	4.13M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	3.04M	4.18M	5.26M	3.96M	3.33M
Other Operating Expenses, Total	42.61M	48.29M	43.17M	38.9M	40.44M
Operating Income	607M	413M	295M	267M	204M
Interest Expense, Total	-153K	-547K	-450K	-1.04M	-271K
Net Interest Expenses	-153K	-547K	-450K	-1.04M	-271K
Income (Loss) On Equity Invest.	-41.72M	8.38M	-12.45M	10.3M	31.14M
Currency Exchange Gains (Loss)	-4.85M	3.45M	892K	82K	241K
Other Non Operating Income (Expenses)	-216M	20.91M	-27.63M	61.06M	-
EBT, Excl. Unusual Items	344M	445M	256M	337M	235M
Restructuring Charges	-5.98M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	50.66M	-255K	77K	-1.59M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	-480K	-	-	-	-1.35M
EBT, Incl. Unusual Items	337M	496M	256M	337M	232M
Income Tax Expense	72.09M	113M	72.92M	98.59M	67.03M
Earnings From Continuing Operations	265M	383M	183M	239M	165M
Net Income to Company	265M	383M	183M	239M	165M
Net Income - (IS)	265M	383M	183M	239M	165M
Net Income to Common Incl Extra Items	265M	383M	183M	239M	165M
Net Income to Common Excl. Extra Items	265M	383M	183M	239M	165M
Per Share Items
Net EPS - Basic	1.45	2.07	1	1.32	0.93
Basic EPS - Continuing Operations	1.45	2.07	1	1.32	0.93
Basic Weighted Average Shares Outstanding	183M	185M	183M	181M	178M
Net EPS - Diluted	1.45	2.07	1	1.32	0.93
Diluted EPS - Continuing Operations	1.45	2.07	1	1.32	0.93
Diluted Weighted Average Shares Outstanding	183M	185M	183M	181M	178M
Normalized Basic EPS	1.17	1.5	0.88	1.16	0.83
Normalized Diluted EPS	1.17	1.5	0.88	1.16	0.83
Dividend Per Share	2	1.75	0.82	0.58	0.52
Payout Ratio	129.4	94.17	111.63	48.87	59.66
Supplemental Items
EBITDA	612M	418M	299M	269M	206M
EBITA	611M	418M	299M	268M	205M
EBIT	607M	413M	295M	267M	204M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	715M	554M	432M	379M	319M
Effective Tax Rate - (Ratio)	21.38	22.78	28.53	29.23	28.89
Total Current Taxes	116M	121M	68.09M	44.76M	62.33M
Total Deferred Taxes	-42.32M	-8.43M	4.02M	53.6M	4.57M
Normalized Net Income	215M	278M	160M	211M	147M
Interest on Long-Term Debt	2.77M	2.23M	1.5M	1.04M	271K
Supplemental Operating Expense Items
Marketing Expenses	1.62M	2.35M	1.96M	1.83M	1.75M
Selling and Marketing Expenses	1.62M	2.35M	1.96M	1.83M	1.75M
General and Administrative Expenses	10.72M	13.05M	13.83M	14.59M	15.92M
Net Rental Expense, Total	-	-	-	-	-
Stock-Based Comp., COGS (Total)	888K	-	-	-	-
Stock-Based Comp., Other (Total)	-	1.28M	3.85M	3.33M	4.39M
Total Stock-Based Compensation	888K	1.28M	3.85M	3.33M	4.39M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	212M	420M	373M	323M	169M
Total Cash And Short Term Investments	212M	420M	373M	323M	169M
Accounts Receivable, Total	114M	64.3M	53.45M	54.7M	40.01M
Other Receivables	126K	352K	1.19M	1.07M	957K
Notes Receivable	4.27M	1.62M	3.64M	3M	5.84M
Total Receivables	118M	66.27M	58.27M	58.78M	46.81M
Prepaid Expenses	1.34M	994K	982K	993K	1.19M
Other Current Assets, Total	2.47M	2.37M	2.96M	2.57M	2.24M
Total Current Assets	334M	490M	436M	385M	219M
Gross Property Plant And Equipment	-	-	-	-	-
Accumulated Depreciation	-	-	-	-	-
Net Property Plant And Equipment	12.12M	10.15M	7.93M	5.89M	4.05M
Long-term Investments	690M	542M	570M	565M	744M
Goodwill	103M	105M	106M	106M	107M
Other Intangibles, Total	10.22M	6M	2.53M	1.14M	95K
Loans Receivable Long-Term	21.19M	31.9M	26.48M	23.1M	17.59M
Deferred Tax Assets Long-Term	41.11M	49.85M	45.84M	-	-
Other Long-Term Assets, Total	5.26M	6.92M	4.06M	3.28M	2.55M
Total Assets	1.22B	1.24B	1.2B	1.09B	1.09B
Liabilities
Accounts Payable, Total	10.33M	13.46M	9.93M	9.49M	11.19M
Accrued Expenses, Total	28.21M	33.42M	37.7M	32.62M	31.55M
Current Portion of Leases	2.28M	2.58M	2.61M	2.78M	3.09M
Current Income Taxes Payable	11.58M	18.48M	12.77M	8.83M	27.55M
Other Current Liabilities	158M	133M	160M	-	-
Total Current Liabilities	210M	201M	223M	53.72M	73.38M
Long-Term Leases	12.32M	9.97M	7.56M	4.83M	2.02M
Deferred Tax Liability Non Current	-	-	-	7.75M	12.3M
Other Non Current Liabilities	4.47M	3.38M	6.05M	3.41M	2.8M
Total Liabilities	227M	215M	236M	69.72M	90.5M
Common Stock, Total	608M	672M	632M	628M	553M
Retained Earnings	382M	351M	321M	379M	433M
Comprehensive Income and Other	-102K	4.52M	9.66M	12.38M	17.49M
Total Common Equity	989M	1.03B	963M	1.02B	1B
Total Equity	989M	1.03B	963M	1.02B	1B
Total Liabilities And Equity	1.22B	1.24B	1.2B	1.09B	1.09B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	184M	185M	181M	181M	172M
ECS Total Common Shares Outstanding	184M	185M	181M	181M	172M
Book Value / Share	5.38	5.55	5.31	5.64	5.84
Tangible Book Value	876M	915M	854M	912M	896M
Tangible Book Value Per Share	4.77	4.95	4.71	5.05	5.21
Tangible Book Value Per Share (As Reported)	4.77	4.95	4.71	5.05	5.21
Total Debt	14.6M	12.55M	10.17M	7.61M	5.11M
Net Debt	-197M	-407M	-363M	-315M	-163M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	237M	162M	150M	160M	324M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	-	-	-	-	-
Full Time Employees	139	135	115	109	111

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	265M	383M	183M	239M	165M
Depreciation & Amortization - CF	2.52M	2.56M	2.46M	2.55M	3.05M
Amortization of Goodwill and Intangible Assets - (CF)	4.55M	4.58M	3.58M	1.41M	1.07M
Depreciation & Amortization, Total	7.07M	7.14M	6.04M	3.96M	4.13M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-35.86M	22.93M	-39.04M	-68.1M	-16.97M
Provision for Credit Losses	-	375K	-	-	-
(Income) Loss On Equity Investments - (CF)	41.72M	-8.38M	12.45M	-10.3M	-31.14M
Stock-Based Compensation (CF)	-	1.28M	3.85M	3.33M	4.39M
Other Operating Activities, Total	641K	-2.62M	-18.67M	-696K	-9.71M
Change In Accounts Receivable	13.14M	49.52M	10.18M	-1.26M	14.59M
Change In Accounts Payable	161M	-17.47M	30.44M	-168M	-22K
Change In Income Taxes	-8.6M	6.91M	-5.71M	-3.88M	18.73M
Change In Deferred Taxes	-42.32M	-8.43M	4.36M	53.6M	4.57M
Change in Other Net Operating Assets	-577K	358K	12K	-11K	-197K
Cash from Operations	401M	435M	187M	47.38M	153M
Capital Expenditure	-272K	-261K	-112K	-458K	-324K
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-229M	135M	16.6M	81.69M	-122M
Net (Increase) Decrease in Loans Originated / Sold - Investing	7.5M	-	-	-	-
Other Investing Activities, Total	367K	-	-16K	-	41K
Cash from Investing	-222M	135M	16.47M	81.23M	-122M
Long-Term Debt Repaid, Total	-2.63M	-2.39M	-2.5M	-2.62M	-2.81M
Total Debt Repaid	-2.63M	-2.39M	-2.5M	-2.62M	-2.81M
Issuance of Common Stock	749K	26.16M	3.48M	6.99M	3.56M
Repurchase of Common Stock	-	-6.89M	-40.44M	-5.19M	-74.94M
Common Dividends Paid	-343M	-361M	-204M	-117M	-98.45M
Common & Preferred Stock Dividends Paid	-343M	-361M	-204M	-117M	-98.45M
Special Dividend Paid	-55.41M	-21.14M	-7.22M	-62.05M	-12.83M
Other Financing Activities, Total	-115K	-	-29K	-	-
Cash from Financing	-401M	-365M	-251M	-180M	-185M
Foreign Exchange Rate Adjustments	-5.16M	3.91M	1.08M	48K	171K
Net Change in Cash	-226M	208M	-46.48M	-50.88M	-154M
Supplemental Items
Cash Interest Paid	2.68M	2.23M	1.57M	1.14M	271K
Cash Income Tax Paid (Refund)	123M	114M	73.94M	48.74M	43.21M
Levered Free Cash Flow	556M	310M	223M	3.54M	167M
Unlevered Free Cash Flow	556M	310M	223M	4.19M	167M
Change In Net Working Capital	-169M	-43.61M	-28.97M	169M	-31.44M
Net Debt Issued / Repaid	-2.63M	-2.39M	-2.5M	-2.62M	-2.81M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	32.41	21.01	15.13	14.58	11.67
Return on Total Capital	36.69	25.27	18.36	16.68	12.52
Return On Equity %	26.05	37.99	18.36	24.09	16.32
Return on Common Equity	26.05	37.99	18.36	24.09	16.32
Margin Analysis
Gross Profit Margin %	90.2	83.88	78.61	80.78	76.66
SG&A Margin	4.51	6.72	7.4	8.18	10.35
EBITDA Margin %	84.95	75.99	69.49	70.98	64.61
EBITA Margin %	84.92	75.94	69.42	70.87	64.31
EBIT Margin %	84.29	75.1	68.59	70.5	63.97
Income From Continuing Operations Margin %	36.83	69.63	42.4	63.07	51.78
Net Income Margin %	36.83	69.63	42.4	63.07	51.78
Net Avail. For Common Margin %	36.83	69.63	42.4	63.07	51.78
Normalized Net Income Margin	29.84	50.6	37.12	55.69	46.08
Levered Free Cash Flow Margin	77.18	56.29	51.8	0.94	52.37
Unlevered Free Cash Flow Margin	77.19	56.35	51.86	1.11	52.42
Asset Turnover
Asset Turnover	0.62	0.45	0.35	0.33	0.29
Fixed Assets Turnover	54.6	49.41	47.65	54.81	64.18
Receivables Turnover (Average Receivables)	5.54	6.79	5.83	5.15	5.22
Short Term Liquidity
Current Ratio	1.59	2.43	1.95	7.16	2.98
Quick Ratio	1.55	2.41	1.92	7.04	2.86
Operating Cash Flow to Current Liabilities	1.91	2.16	0.84	0.88	2.09
Days Sales Outstanding (Average Receivables)	65.88	53.73	62.65	71.1	69.89
Average Days Payable Outstanding	52.84	48.96	46.33	48.83	50.74
Long Term Solvency
Total Debt/Equity	1.48	1.22	1.06	0.75	0.51
Total Debt / Total Capital	1.45	1.21	1.05	0.74	0.51
LT Debt/Equity	1.25	0.97	0.79	0.47	0.2
Long-Term Debt / Total Capital	1.23	0.96	0.78	0.47	0.2
Total Liabilities / Total Assets	18.64	17.29	19.72	6.4	8.27
EBIT / Interest Expense	3.97K	755.27	656.59	257.84	752.35
EBITDA / Interest Expense	4.01K	768.33	670	261.67	767.57
(EBITDA - Capex) / Interest Expense	4.01K	767.85	669.75	261.23	766.38
Total Debt / EBITDA	0.02	0.03	0.03	0.03	0.02
Net Debt / EBITDA	-0.32	-0.97	-1.2	-1.16	-0.79
Total Debt / (EBITDA - Capex)	0.02	0.03	0.03	0.03	0.02
Net Debt / (EBITDA - Capex)	-0.32	-0.97	-1.21	-1.16	-0.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.61	-23.58	-21.69	-12.12	-15.81
Gross Profit, 1 Yr. Growth %	4.59	-28.94	-26.61	-9.71	-20.09
EBITDA, 1 Yr. Growth %	6.09	-31.65	-28.39	-10.23	-23.36
EBITA, 1 Yr. Growth %	6.1	-31.67	-28.41	-10.29	-23.6
EBIT, 1 Yr. Growth %	6.17	-31.91	-28.48	-9.68	-23.6
Earnings From Cont. Operations, 1 Yr. Growth %	-33.08	44.45	-52.31	30.72	-30.88
Net Income, 1 Yr. Growth %	-33.08	44.45	-52.31	30.72	-30.88
Normalized Net Income, 1 Yr. Growth %	-33.27	29.75	-42.55	31.84	-30.33
Diluted EPS Before Extra, 1 Yr. Growth %	-33.76	43.08	-51.67	31.8	-29.67
Accounts Receivable, 1 Yr. Growth %	-10.12	-43.59	-16.88	2.35	-26.86
Net Property, Plant and Equip., 1 Yr. Growth %	-14.98	-16.21	-21.92	-25.75	-31.26
Total Assets, 1 Yr. Growth %	8.21	2.07	-3.42	-9.15	0.41
Tangible Book Value, 1 Yr. Growth %	-5.3	4.46	-6.75	6.85	-1.73
Common Equity, 1 Yr. Growth %	-5.4	3.77	-6.26	5.92	-1.6
Cash From Operations, 1 Yr. Growth %	0.83	8.3	-57.07	-74.6	223.73
Capital Expenditures, 1 Yr. Growth %	3.42	-4.04	-57.09	308.93	-29.26
Levered Free Cash Flow, 1 Yr. Growth %	55.09	-44.15	-27.94	-98.41	4.61K
Unlevered Free Cash Flow, 1 Yr. Growth %	54.92	-44.12	-27.93	-98.12	3.89K
Dividend Per Share, 1 Yr. Growth %	8.24	-12.32	-52.88	-29.7	-9.83
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.14	-11.02	-22.64	-17.04	-13.98
Gross Profit, 2 Yr. CAGR %	8.39	-13.79	-27.78	-18.6	-15.06
EBITDA, 2 Yr. CAGR %	9.25	-14.84	-30.04	-19.82	-17.06
EBITA, 2 Yr. CAGR %	9.27	-14.85	-30.06	-19.86	-17.21
EBIT, 2 Yr. CAGR %	9.35	-14.98	-30.22	-19.63	-16.93
Earnings From Cont. Operations, 2 Yr. CAGR %	-16.13	-1.68	-17	-21.05	-4.95
Net Income, 2 Yr. CAGR %	-16.13	-1.68	-17	-21.05	-4.95
Normalized Net Income, 2 Yr. CAGR %	-17.81	-7.02	-13.67	-12.97	-4.16
Diluted EPS Before Extra, 2 Yr. CAGR %	-17.63	-2.64	-16.84	-20.18	-3.72
Accounts Receivable, 2 Yr. CAGR %	-3.88	-28.8	-31.53	-7.77	-13.48
Net Property, Plant and Equip., 2 Yr. CAGR %	358.64	-15.6	-19.11	-23.86	-28.56
Total Assets, 2 Yr. CAGR %	23.27	5.1	-0.71	-6.33	-4.49
Tangible Book Value, 2 Yr. CAGR %	19.91	-0.54	-1.3	-0.18	2.47
Common Equity, 2 Yr. CAGR %	16.1	-0.92	-1.37	-0.35	2.1
Cash From Operations, 2 Yr. CAGR %	12.91	4.5	-31.82	-66.98	-9.33
Capital Expenditures, 2 Yr. CAGR %	-14.49	-0.38	-35.83	32.47	70.08
Levered Free Cash Flow, 2 Yr. CAGR %	34.26	-7.03	-36.56	-89.3	-13.39
Unlevered Free Cash Flow, 2 Yr. CAGR %	34.27	-7.04	-36.54	-88.37	-13.52
Dividend Per Share, 2 Yr. CAGR %	14.7	-2.58	-35.73	-42.45	-20.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	16.89	-3.68	-14.73	-19.28	-16.63
Gross Profit, 3 Yr. CAGR %	17.65	-5.84	-18.3	-22.2	-19.1
EBITDA, 3 Yr. CAGR %	20.24	-6.56	-19.62	-23.98	-21.02
EBITA, 3 Yr. CAGR %	20.29	-6.56	-19.64	-24.01	-21.13
EBIT, 3 Yr. CAGR %	20.15	-6.63	-19.74	-23.95	-20.97
Earnings From Cont. Operations, 3 Yr. CAGR %	7.78	0.53	-22.75	-3.44	-24.47
Net Income, 3 Yr. CAGR %	7.78	0.53	-22.75	-3.44	-24.47
Normalized Net Income, 3 Yr. CAGR %	-0.73	-4.35	-20.81	-0.58	-19.19
Diluted EPS Before Extra, 3 Yr. CAGR %	5.83	-0.98	-22.91	-3.04	-23.48
Accounts Receivable, 3 Yr. CAGR %	1.77	-19.52	-25.03	-21.71	-14.63
Net Property, Plant and Equip., 3 Yr. CAGR %	168.78	160.24	-17.76	-21.39	-26.41
Total Assets, 3 Yr. CAGR %	21.69	15.76	2.18	-3.61	-4.13
Tangible Book Value, 3 Yr. CAGR %	19.36	14.52	-2.65	1.35	-0.7
Common Equity, 3 Yr. CAGR %	16.83	11.84	-2.73	1	-0.77
Cash From Operations, 3 Yr. CAGR %	33.07	11.35	-22.32	-50.94	-29.33
Capital Expenditures, 3 Yr. CAGR %	25.08	-11.14	-24.76	18.97	7.47
Levered Free Cash Flow, 3 Yr. CAGR %	39.37	0.16	-14.6	-81.44	-18.62
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.33	0.19	-14.6	-80.38	-18.62
Dividend Per Share, 3 Yr. CAGR %	18.64	4.87	-23.53	-33.78	-33.15
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	16.63	10.19	-0.9	-9.27	-14.43
Gross Profit, 5 Yr. CAGR %	17.37	9.64	-3.21	-11.17	-17.02
EBITDA, 5 Yr. CAGR %	18.55	10.23	-3.18	-12.11	-18.61
EBITA, 5 Yr. CAGR %	18.57	10.25	-3.17	-12.12	-18.68
EBIT, 5 Yr. CAGR %	18.39	10.01	-3.32	-12.06	-18.63
Earnings From Cont. Operations, 5 Yr. CAGR %	5.98	14.31	-2.92	-8.73	-16.07
Net Income, 5 Yr. CAGR %	5.98	14.31	-2.92	-8.73	-16.07
Normalized Net Income, 5 Yr. CAGR %	5.66	11.7	-6.15	-7.9	-14.53
Diluted EPS Before Extra, 5 Yr. CAGR %	4.6	12.64	-3.9	-9.16	-15.74
Accounts Receivable, 5 Yr. CAGR %	17.13	-1.92	-13.15	-15.01	-20.61
Net Property, Plant and Equip., 5 Yr. CAGR %	67.68	63.2	66.26	59.18	-22.26
Total Assets, 5 Yr. CAGR %	25.39	20.24	12.18	6.36	-0.54
Tangible Book Value, 5 Yr. CAGR %	19.78	15.38	10.62	8.4	-0.63
Common Equity, 5 Yr. CAGR %	22.73	18.06	9.18	6.79	-0.83
Cash From Operations, 5 Yr. CAGR %	17.19	21.4	1.84	-31.53	-17.36
Capital Expenditures, 5 Yr. CAGR %	-17.08	-6.64	-4.23	4.25	4.26
Levered Free Cash Flow, 5 Yr. CAGR %	28.27	16.92	1.69	-59.06	-14.17
Unlevered Free Cash Flow, 5 Yr. CAGR %	28.27	16.94	1.69	-57.67	-14.17
Dividend Per Share, 5 Yr. CAGR %	17.46	16.99	-7.16	-17.5	-22.29