Macquarie Shares Plunge After Disappointing Half-Year Result

Macquarie Group faced its sharpest intraday decline since April following half-year results that missed analyst targets. The primary reason cited was weaker performance from its commodities division.

By midday, shares had dropped 6.7% to $202.56, close to the intraday low of $202.37. This marked the steepest decline since April 4, when the company suffered a 9% fall amid wider market instability after tariff announcements.

Financial Overview

Macquarie Group operates globally as a diversified financial services provider. Its business spans asset management, banking, advisory, and capital solutions across debt, equity, and commodities, with Australia as its key base.

Profit Figures and Analyst Reactions

Despite market pressure, the company posted a net profit of about $1.7 billion, supported by performance fees from its asset management arm. However, this result was below analyst expectations of $1.86 billion and an interim dividend of $3.09.

UBS analyst John Storey noted that the reported result was 10.4 per cent below consensus estimates.

Furthermore, earnings per share (EPS) came in at $4.37, missing forecasts by around 10.9 per cent.

Author’s Summary

Macquarie shares tumbled after weaker-than-expected results, underscoring the pressure on its commodities business and widening the gap between profit outcomes and market expectations.

ShareCafe — 2025-11-07