Australia · Delayed Price · Currency is AUD Humm Group Earnings Call Transcripts
Fiscal Year 2026
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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.