This report does not constitute a rating action. SYDNEY (S&P Global Ratings) Nov. 6, 2026--Macquarie Group Ltd.'s (MGL) diversified business model supports its credit strengths in uncertain market conditions. Solid results across its main businesses contributed to a 50% increase in net profit in the first half of fiscal 2027 (ended March 31), up 50% on the prior comparative period. The Australia-based financial group reported A$2.5 billion in net profit after tax for the six months ended Sept. 30, 2026. Robust performance in the retail banking, asset management, and commodities and global markets divisions drove earnings, though these gains were partially offset by the performance of the investment banking division. For the half year, MGL's (BBB+/Stable/A-2) retail banking unit division
