This report does not constitute a rating action. SYDNEY (S&P Global Ratings) May 8, 2026--Macquarie Group Ltd.'s (MGL) diversified business model is bolstering its financial performance and credit strength. Strong results across all business lines drove a bumper 30% increase in annual profit for the financial services group. The Australia-based company reported A$4.8 billion in net profit for the year ended March 31, 2026. Its retail banking, asset management, investment banking and commodities and global markets division all performed strongly. For the full year, MGL's (BBB+/Stable/A-2) retail banking unit division had strong mortgage and deposit growth, well above the average of the Australian banking system. In asset management, higher performance fees and the sale of its public investment businesses in
