Australia · Delayed Price · Currency is AUD Humm Group Earnings Call Transcripts
Fiscal Year 2026
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Resilient underlying earnings were delivered despite significant corporate and external challenges, with underlying NPAT of AUD 44.2 million and disciplined cost and credit management. FY 2027 will focus on productivity, platform transformation, and targeting a 12%-14% ROE.
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Statutory profit after tax was AUD 13.9 million, up 13% sequentially but down 49% year-over-year due to prior period one-offs. Strong international growth, stable NIM, and improved cost efficiency were offset by irregular items and higher credit losses, with commercial losses expected to normalize.
Fiscal Year 2025
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Statutory profit after tax was $36.9M, with cash profit after tax at $52.9M and assets under management up 9.6% to $5.5B. Cost-to-income ratio improved to 51.7%, and commercial credit losses are expected to normalize after H1 FY 2026.
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Cash profit after tax surged 119% year-over-year to AUD 29.8 million, with strong growth in both commercial and consumer segments, improved credit quality, and significant cost savings. Assets under management rose 14%, and a higher dividend was declared, while technology investments and capital initiatives support future growth.
Fiscal Year 2024
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Record receivables and improved second half profits highlight strong commercial and consumer growth, with cost reductions and stable credit losses supporting performance. New funding initiatives and a focus on capital efficiency position the business for continued expansion.