Australia · Delayed Price · Currency is AUD Judo Capital Holdings Earnings Call Transcripts
Fiscal Year 2026
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Three unexpected large exposures led to a provision increase and higher cost of risk for FY 2026, but all other key metrics are at or above guidance. FY 2027 profit guidance reflects conservatism amid macro uncertainty, with strong lending momentum and capital position maintained.
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Delivered strong 1H FY26 results with PBT up 53% year-on-year, stable NIM, and improved ROE. Upgraded loan growth and NIM guidance for FY26, with continued investment in technology and banker productivity. Credit quality and capital remain robust.
Fiscal Year 2025
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AGM highlighted strong lending and profit growth, robust capital position, and successful technology upgrades. Shareholders approved all resolutions, while the Board emphasized a continued focus on growth over dividends and ongoing investment in people, technology, and governance.
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Delivered strong FY25 results with 14% PBT growth, improved ROE, and sector-leading NIM and CTI metrics. FY26 guidance targets $180–$190 million PBT, continued loan growth, and further operating leverage, supported by new products and technology investments.
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Entering the optimization phase, the bank is focused on enhancing its SME core, expanding its product suite, and leveraging technology for scalable growth. Financial guidance remains strong, with targeted NIM above 3%, 15% PBT growth, and robust risk management. Ongoing investments in talent, culture, and broker partnerships support a differentiated, relationship-driven model.
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Specialist SME lender delivered strong NPS and regional growth, but revised FY2025 loan growth guidance lower due to elevated runoff and customer caution. NIM and profit targets reaffirmed, with cost-to-income ratio expected to improve and capital position remaining robust.
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First half 2025 saw profit before tax rise 33% and net profit after tax up 70% year-over-year, driven by strong lending growth, improved NIM, and disciplined cost control. Credit quality remained stable, capital ratios are robust, and upgraded NIM guidance reflects positive momentum.
Fiscal Year 2024
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Strong financial results and operational growth were achieved despite economic headwinds, with robust governance, a successful CEO transition, and continued expansion into new regions. All resolutions, including director re-elections and incentive plans, passed with overwhelming shareholder support.
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Strong FY24 performance with profit before tax of $104M and loan book growth to $10.7B, exceeding guidance. NIM finished at 2.94%, with improvement expected in FY25 as funding shifts to deposits and operating leverage emerges.