Macquarie Group has lifted full-year profit by 56 per cent to $4.71 billion but says it will maintain a cautious approach in view of market volatility, global inflation and rising interest rates.
The gains were led by the group's market facing businesses, which reported a near doubling of profit from the previous year to $5.33 billion.
This included net profit from the Macquarie Capital unit surging to $2.4 billion from $651 million in fiscal 2021 while net profit from its commodities and global markets unit jumped 50 per cent to $3.91 billion.
Annuity-style businesses generated more modest growth, with their net profit contribution up 25 per cent to $4.1 billion.
Managing director Shemara Wikramanayake said the group's longstanding strategy to address key areas of unmet need in the community is unchanged despite heightened levels of volatility.
"Over time, this has seen us build deep and differentiated franchises in each of our areas of activity, all of which delivered sound outcomes and strong performance in FY22," she said in a statement on Friday.
International income accounted for 75 per cent of the group's total income for the 12 months to March 31.
Assets under management rose 37 per cent to $774.8 billion as at March 31.
Ms Wikramanayake said the Macquarie group remained well positioned to deliver superior performance in the medium term.
"We continue to maintain a cautious stance, with a conservative approach to capital, funding and liquidity that positions us well to respond to the current environment," she said.
Macquarie Group lifted its partially franked final dividend to $3.50 a share, taking full-year dividend to a combined $6.22 a share.
MACQUARIE'S STRONG FY RESULTS
* Net profit up 56pct to $4.71b
* Income up 36pct to $17.3b
* Final dividend up 15 cents to $3.50, partially franked.
