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Finsure and MA Money have continued to build out their loan books to benefit parent MA Financial Group’s full-year earnings.
Finsure Group has reported that its loan book rose by more than one-quarter over the past year, with the aggregation business attracting more than 1,000 new brokers.
MA Financial Group Limited (MA Financial) reported in its financial results for the 12 months to 31 December 2024 that its aggregation arm Finsure had grown managed loans by 26 per cent from the previous year to $139 billion.
Brokers on Finsure’s platform grew to 3,746, up 20 per cent from a year before, which the company said had helped increase its broker market share to 17 per cent.
Finsure’s subscription fees and trail commissions rose 28 per cent on the previous year.
Simon Bednar, Finsure CEO, said they had generated growth across all facets of the business, with a new monthly record of $6.7 billion in settlements achieved in December 2024, while the broker network is expected to reach 4,500 in 2025.
“We have built some outstanding momentum over the year, and we have had many of the country’s leading brokers joining Finsure to grow their business,” Bednar said.
Finsure’s head of sales, southern region, Chris Patsouras, said that there were regional growth opportunities.
“States like South Australia and Western Australia offer huge opportunities for us as we know what we can do to help brokers in those areas unlock their full potential,” Patsouras said.
In February, the aggregation group announced the opening of a new office in the Philippines to help provide an extra level of support and new services for its growing broker network.
Finsure announced in 2023 its plans to expand into New Zealand, marking its first entry into international markets.
MA Money loan book surges
MA Financial’s mortgage lending arm MA Money also posted loan growth for the year, closing the year with a $2.1 billion loan book, up 155 per cent on a year prior.
The lender reached break-even monthly earnings in September and contributed a small profit in the second half, after falling to a $4.1 million earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss in the first half.
Net interest margin (NIM) improved over the year, rising from 1.1 per cent in the first half to 1.4 per cent in the second half as funding costs reduced and competitive pricing pressures eased.
MA Money said it remains on track to deliver net profit after tax of $15–$20 million for the 2025 financial year.
The company recorded a 136 per cent increase in settlements for the year, with gross monthly settlements averaging around $150 million. To date in 2025, it has over $300 million of new loan settlements, with record monthly settlement figures in January.
Looking ahead, the group said it was on track to achieve its targeted $4 billion loan book in the financial year ending December 2026.
The lender – which launched in 2022 after MA Financial acquired the company (when it was formerly known as MKM Capital) – printed its second $500 million RMBS public term issuance in October to help bolster future growth.
[Related: MA Money prints $500m RMBS]
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