Magellan Financial Group Limited (ASX: MFG) has issued its daily report on the ongoing on-market buy-back. The announcement was made on 12 September 2025 at 08:23 AEST.
This confirms ongoing progress with the buy-back first announced on 16 March 2022. The company had repurchased 14,075,160 shares the day before.
On 11 September 2025, it repurchased a further 20,158 shares. That led to an overall total of shares repurchased exceeding 14 million as of the present.
MFG reported its daily buy-back update on 12 September 2025 at 08:23 AEST
How much is left to be bought back?
There is a 20,000,000 share maximum limit on the buy-back. Up to the end of the preceding day, 5,904,682 shares had remained under this limit.
Lucratively, this gives Magellan its space to keep repurchasing well into early 2026. The total securities originally on issue in the class stood at 177,552,354 shares. The company has continued to slowly chip away at this number as part of its on-market program.
What are the financial details of the repurchases?
Update disclosed consideration for the shares repurchased. 14,075,160 shares before 11 September were repurchased at AUD 126,696,893.92. 20,158 shares on 11 September were repurchased at AUD 206,856.66.
Price data were also included in the disclosure. The highest price ever paid was at AUD 13.30 on 22 August 2022. The lowest price ever paid was at AUD 6.32 on 7 April 2025.
The highest price paid for the trading day was AUD 10.38. The lowest price paid was AUD 10.05. The maximum price permitted under listing rule 7.33 for the day was AUD 10.75.
Structure of the Magellan Financial Group share buy-back 2025
This is an on-market buy-back of ordinary, fully paid shares. By ASX rules, shareholder approval is not required.
All payments are made in cash, with settlement in Australian Dollars. The appointed brokers are Barrenjoey Markets Pty Limited and Macquarie Securities (Australia) Limited.
They conduct daily buy-backs on behalf of Magellan. The program will continue until its limit is reached or the period expires.
MFG buy-backs via Barrenjoey and Macquarie, settled in Australian Dollars
Why is the Magellan Financial Group share buy-back 2025 important?
From 4 April 2025, the buy-back commenced and will conclude on 2 April 2026. It will remain the chief capital-management initiative of Magellan throughout this period.
In reducing the number of shares outstanding, greater proportional ownership is accorded to the remaining investors.
Such updates should be made in terms of ASX Listing Rule 3.8A. They make sure shareholders have transparent information about trades done every day. Transparent reporting is the cornerstone of confidence in the functioning of markets.
How does this compare with Chainlink ASX share repurchase announcements?
| Aspect | Magellan Financial Group (ASX: MFG) | Chainlink (LINK) |
| Type | On-market share buy-back | Token reserve buy-back (protocol revenues) |
| Date of update | 12 September 2025 | 21 August 2025 |
| Shares/Tokens repurchased | 20,158 shares (11 Sept 2025) | 41,000 tokens (~USD 1 million) |
| Total repurchased to date | 14,075,160 shares | 150,778 tokens (~USD 4.1 million) |
| Highest price paid | AUD 13.30 | Resistance levels: USD 25.00–26.00 |
| Lowest price paid | AUD 6.32 | Support level: USD 24.15 |
| Daily consideration | AUD 206,856.66 | USD 1 million (41,000 tokens) |
| Volume impact | Not disclosed in ASX filing | 12.84 million traded, 5x 24-hr avg (2.44 million) |
Chainlink price defies logic: government partnerships and ETFs ignored by the market
A disciplined approach to capital management
These piecemeal movements all indicate that Magellan is the home of exacting discipline. The filings that are registered every period specify the exact number of shares bought, the exact cash paid, and the price ranges.
This binding level of transparency is the foundation for markets’ trust. The buy-back is enormous insofar as it is for 20,000,000 shares.
With 5,904,682 shares remaining authorised, investors will presumably be kept apprised. The program itself is another testimony of Magellan’s continuing commitment to shareholder value.
Also Read: Magellan Financial Group Delivers Strong FY25 Performance with Strategic Partnership Growth
FAQs
- How many shares have been repurchased by Magellan?
Before 11 September 2025, Magellan had repurchased 14,075,160 shares, plus another 20,158 on 11 September 2025.
- How many shares are in the buy-back?
The limit is 20 million shares.
- How many shares remain for repurchase under the program?
At the end of 11 September 2025, there were still 5,904,682 shares left to be repurchased.
- When will this buy-back be terminated?
This program shall be terminated on 2 April 2026, unless sooner terminated upon completion.
