Loan book and broker network growth have accelerated across MA Money and Finsure, backed by fresh funding firepower.
MA Financial Group has posted strong full‑year results off the back of surging residential lending at MA Money and rapid expansion at aggregation business Finsure, while locking in a record $1.25 billion RMBS issuance to support the next leg of growth.
MA Money loan book jumps 148%
Non‑bank lender MA Money, MA Financial’s residential mortgage arm, delivered a standout result in the group’s financial year 2025 update for the 12 months to 31 December 2025.
Its residential loan book ended the year at $5.2 billion, up from $2.1 billion in FY24 – a 148 per cent increase – with gross monthly settlements averaging around $370 million over the period.
That momentum has carried into the new financial year.
By early FY26, MA Money had already settled more than $805 million of new loans, lifting the book further to about $5.7 billion.
The growth is now flowing through to earnings, with MA Money reporting $11 million of underlying EBITDA in FY25, up from $3.9 million in FY24 – a rise of roughly 306 per cent.
Net interest margin also moved higher, reaching 1.40 per cent versus 1.29 per cent a year earlier, which the group attributed to a lower cost of funds.
The bank flagged that the pace of expansion would require further investment.
It said: “MA Money continues to deliver exceptional growth and is demonstrating the scalability of the residential mortgage ecosystem that we have built,” but noted that “stronger than anticipated loan book growth to date necessitates increased operational investments”.
Finsure grows broker network
Aggregator Finsure, also owned by MA Financial, posted another year of strong growth in volumes and brokers.
Managed loans climbed to $175 billion, up 26 per cent year on year.
The aggregator said its marketplace platforms were used to write one in nine new home loans nationally in the December 2025 quarter alone.
The broker network also continued to scale, with Finsure now servicing about 400,000 borrowers through 4,208 brokers, up from 3,748 – a 12 per cent increase.
The aggregator is partnered with some 80 lenders, capturing roughly 19 per cent of the Australian broker market share.
Productivity is also rising alongside headcount, with revenue per broker increasing to $11,700 in FY25, from $10,500 in FY24.
Weekly applications for its digital data‑gathering tool, Middle, regularly exceed $1 billion and have “assisted over 140,000 consumers through its platforms.”
Group earnings as AUM soars ahead of target
Across the group, MA Financial ended FY25 with $15.3 billion of assets under management (AUM), up 49 per cent on FY24, and said year‑end AUM was 32 per cent higher than the FY25 average.
It noted that it had already exceeded its FY26 AUM target of $15 billion one year ahead of schedule.
Underlying revenue rose 25 per cent to $382.4 million, driven by strong demand for private credit funds and real estate strategies alongside lending and aggregation growth.
Underlying EBITDA increased 30 per cent to $113 million, while underlying net profit after tax climbed 35 per cent to $57 million.
Joint CEO Julian Biggins and Chris Wyke said the year had been characterised by rising momentum across all business lines.
“2025 was a year of strong momentum right across our business, and this momentum continued to build over the year. Our assets under management and loan books continue to grow rapidly and the transactional environment has become more supportive,” they said.
The group also reported that positive business momentum had extended into 1H26, with $301 million of gross funds inflows (net inflows of $96 million) achieved in the first six weeks alone.
Record $1.25bn RMBS bolsters MA Money’s funding
Alongside the full‑year numbers, MA Money announced that it had completed its largest securitisation to date, pricing a $1.25 billion residential mortgage‑backed securities (RMBS) deal, scheduled to settle on 26 February 2026.
The transaction, upsized from an initial $1 billion target, marks the lender’s sixth public bond issue since it rebranded in 2023 and its first to include a foreign currency tranche.
Wyke said the deal attracted strong support from both domestic and offshore investors, with four new names added to the book.
“Despite a competitive and crowded market environment, MA Money achieved the targeted upsize from $1 billion to $1.25 billion, underscoring continued confidence in the business and its long-term strategy,” he said.
He added that investor confidence had been underpinned by operating milestones, pointing to the lender “surpassing $5 billion in settlements in December last year, achieving a record $500 million in a single month in November, and broadening our product offering.”
[Related: MA Money joins Money Quest Group lender panel]
