Companies / MAF

MA FINANCIAL GROUP LIMITED

ASX:MAFFinancial Services
197.3M shares on issueASX (delayed) · as of 28 July 2026$5.75price · delayed$1.13Bmarket cap · indicative
B
Dilution grade

3 cash raises in 24 months; share count grew 9% in 24 months

Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)8.8%
Raise cadence (24m)3 cash raises
Options & rights overhang4.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MA FINANCIAL GROUP LIMITED's ordinary share count grew 8.8% between March 2024 and June 2026, to 197M shares. The company completed three capital raises in the 24‑month window for total disclosed proceeds of A$49.7M, with the most recent raise dated August 2025. Options and rights could convert into 9M new shares, equal to 4.6% of the current share count, and none of those are in the money at the current share price. The company does not have a current quarterly cash report on file, so no quarterly cash balance or funding-runway figure is disclosed. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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4.6%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
—
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 197.3M per ASX (delayed) (28 July 2026).
184.7M189.3M193.9MDec 24Sept 25July 26Cash raise · 26 Aug 2025Cash raise · 20 June 2025Cash raise · 20 Jan 2025

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
14 July 20263H · cancellationMAF : ORDINARY FULLY PAID197.3MAppendix 3H
14 July 20263G · unquotedORDINARY FULLY PAID197.3MAppendix 3G
2 June 20262A · quoted issueMAF : ORDINARY FULLY PAID197.3MAppendix 2A
13 Apr 20263H · cancellationMAF : ORDINARY FULLY PAID196.0MAppendix 3H
13 Apr 20263G · unquotedORDINARY FULLY PAID196.0MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

3 cash raises in the last 24 months · 1 in the last 12 months

—
Capital raise
26 Aug 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

4.6%
Total overhang · of current shares
0.0%
In the money · at current price
9.1M
Potential new shares
—
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
4 June 2026Simon KellyBuy——$59k3Y notice
4 June 2026Simon KellyBuy15k—$30k3Y notice
4 June 2026Catherine YunckenBuy3k—$15k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

14 July 2026Notification regarding unquoted securities - MAF
14 July 2026Notification of cessation of securities - MAF
9 June 2026Appendix 3Y - Catherine Yuncken
9 June 2026Appendix 3Y - Simon Kelly
5 June 2026Appendix 3Y - Andrew Pridham and Christopher Wyke
5 June 2026Appendix 3Y - Julian Biggins
2 June 2026Change in substantial holding
2 June 2026Application for quotation of securities - MAF
28 May 2026Results of AGM 2026
28 May 2026Annual General Meeting of Shareholders 2026 - Addresses
20 Apr 2026$PMA Financial 1Q26 Operating Update
16 Apr 2026Notice of Annual General Meeting/Proxy Form
13 Apr 2026Notification of cessation of securities - MAF
13 Apr 2026Notification regarding unquoted securities - MAF
25 Mar 2026Appendix 3Y - Simon Kelly
24 Mar 2026Change in substantial holding
20 Mar 2026Appendix 3Y Julian Biggins
20 Mar 2026Appendix 3Y Christopher Wyke
20 Mar 2026Appendix 3Y Andrew Pridham
20 Mar 2026Application for quotation of securities - MAF

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.