Australia · Delayed Price · Currency is AUD Harmoney Corp Earnings Call Transcripts
Fiscal Year 2026
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Strong Q3 FY2026 results with 128% NPAT growth, robust loan book expansion, and stable credit metrics. Auto lending and digital initiatives are accelerating, with guidance reaffirmed and a share buyback extension announced.
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Six-month NPAT and cash NPAT exceeded last year's full-year result, with 31% ROE and 9% loan book growth. FY26 guidance was upgraded, driven by strong NIM, risk-adjusted margins, and operational efficiency. Funding and capital positions remain robust.
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Q1 FY26 saw strong loan book growth, improved margins, and stable credit losses, with New Zealand originations up 50% year-over-year. Guidance for $12 million cash NPAT and a loan book over $900 million is reaffirmed, supported by product innovation and disciplined cost control.
Fiscal Year 2025
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Statutory net profit after tax reached $5.5 million, with a 16% cash return on equity and 9% loan book growth. FY26 guidance was upgraded to $12 million cash impact, driven by Stellare 2.0, product expansion, and strong automation, while maintaining robust margins and capital efficiency.
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Upgraded FY25 profit guidance and strong loan book growth reflect continued momentum, with Stellare 2.0 rollout and automation driving efficiency and margins. A share buyback and robust capital position support future growth, while product innovation and customer retention remain key priorities.
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Reported NZD 2 million net profit after tax for H1 2025, reversing a loss year-over-year, with 350% growth in cash profit and a 13% cash return on equity. Guidance for FY25 and FY26 targets strong profit growth, supported by Stellare 2.0 rollout and robust capital position.
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Strong FY2025 start with loan book growth, improved risk-adjusted income, and a lower cost-to-income ratio. Stellare 2.0 drove over 50% growth in Australian new customer originations, with further expansion planned.
Fiscal Year 2024
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Stellare 2.0's launch drove a 50% increase in Australian loan originations and doubled approval rates, while automation and AI reduced costs and improved margins. The business targets a 20% cash ROE run rate in H2 2025, with further growth expected as the platform rolls out in New Zealand.