Feb 10 (Reuters) - Australia's Macquarie Group said on Tuesday its third‑quarter profit rose from a year earlier, helped by stronger performance across its business divisions.
The country's top investment bank, which does not provide profit figures in quarterly updates, said trading conditions remained satisfactory through the three months to December.
Macquarie Asset Management delivered one of the strongest performances, posting a sharp increase in net profit contribution for both the quarter ended
December 31 and the nine‑month period.
The jump was driven by gains from the sale of its North American and European public investments business. Assets under management edged up to A$736.1 billion at end‑December, a 3% rise from September.
The Commodities and Global Markets unit also reported a solid quarter, with net profit contribution substantially higher than a year earlier.
Year‑to‑date earnings for fiscal 2026 were broadly in line with the same period a year earlier, as stronger income in asset finance helped offset higher operating expenses.
Macquarie Capital turned in a firmer performance as well, buoyed by higher investment-related income from asset realisations and its private-credit portfolio.
The division, which advises on mergers and capital raising, benefited from deal-making activity and investment returns improved.
(Reporting by Roushni Nair and Roshan Thomas in Bengaluru; Editing by Alan Barona and Sriraj Kalluvila)
