Higher-than-anticipated growth will require higher operational investments, warns non-bank lender
MA Money’s loan book grew by 148% on a year-on-year basis in 2025 to close the year with $5.2 billion in assets under management (AUM).
The non-bank lender also improved its profitability, with net interest margins adding 11 basis points to 1.4%, according to results published on Thursday.
Post-reporting period, MA Money has grown its loan book by another $805 million to $5.7 billion.
MA Money warned that higher-than-expected growth will necessitate increased operational investment, although the group has “high confidence” that it will hit its target of $20 million net profit after tax (NPAT) this financial year.
“The ecosystem of our asset management business, balance sheet capital and loan origination platforms is proving highly synergistic,” said the group, which is a subsidiary of ASX-listed group MA Financial.
Across the entire MA Financial business, which also includes mortgage aggregation group FInsure, AUM hit a record $15.3 billion in 2025, up 49% year on year.
Joint chief executives Julian Biggins (pictured, left) and Christopher Wyke (pictured, right) said: "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.
“Our private credit funds continue to deliver solid performance and our core real estate business has materially increased in scale following the acquisition of IP Generation.
“MA Money continues to deliver exceptional growth and is demonstrating the scalability of the residential mortgage ecosystem that we have built… We believe that the Group is in great shape and deliver strong earnings growth into the future.”
