Australia · Delayed Price · Currency is AUD Pepper Money Earnings Call Transcripts
Fiscal Year 2026
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Record financial results were achieved in 2025, with strong growth in originations, assets, and profitability. The board declared increased dividends, advanced ESG initiatives, and addressed shareholder questions on governance and performance. Voting outcomes and director re-elections proceeded smoothly.
Fiscal Year 2025
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Record originations and AUM drove 7% NPAT growth and a 123% increase in dividends, with strong asset finance NIM offsetting mortgage margin compression. Funding and capital management were robust, and the business is well positioned for further growth despite margin and rate headwinds.
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Originations surged 38% year-over-year to $4.5 billion, with record AUM of $20.1 billion and net profit after tax up 2%. NIMs remained strong despite competitive pressures, and disciplined cost management supported increased shareholder returns through special and interim dividends.
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The AGM highlighted strong financial results for 2024, increased dividends, and robust governance, with new board appointments and a focus on ESG and diversity. Strategic initiatives in technology and product innovation were emphasized, and all resolutions were put to poll with results to be lodged with the ASX.
Fiscal Year 2024
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Originations reached AUD 7 billion in 2024, with improved NIM and strong second-half growth in both mortgages and asset finance. Net profit after tax fell 12% due to higher loan loss expenses, but underlying profit and dividends increased, supported by prudent risk management and capital-light strategies.
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H1 2024 saw higher mortgage volumes, improved NIM, and reduced expenses, with NPAT at AUD 46.1 million and a higher dividend payout. Asset finance originations fell, but novated lease growth and strong provisioning supported resilience. Whole loan sales and capital-light servicing income remain strategic priorities.