Australia · Delayed Price · Currency is AUD Resimac Group Earnings Call Transcripts
Fiscal Year 2026
-
FY 2026 saw strong earnings growth, improved returns, and record AUM, driven by home lending and disciplined asset finance. Margins and credit quality remained resilient despite market headwinds, and dividends increased significantly.
-
Strong earnings growth driven by higher lending volumes, improved margins, and disciplined cost and risk management. Home loans and asset finance portfolios expanded, with improved credit performance and reduced impairments. Capital returns to shareholders increased, and outlook remains positive despite expected headwinds from portfolio runoff and funding cost volatility.
Fiscal Year 2025
-
The AGM highlighted strong financial growth, a special dividend, and successful integration of a major acquisition. Strategic focus is on digital transformation, AI, and operational efficiency, with all resolutions—including director re-elections—supported by a large majority.
-
Strong FY25 results with 13% growth in normalised operating profit, AUM up to $15.9B, and a successful $1.5B auto portfolio acquisition. Higher impairments impacted net profit, but cost and margin management, plus technology investment, position the group for sustainable growth.
-
First half FY2025 saw resilient growth in home loans and asset finance, with AUM up 6% year-over-year and operating profit before impairments rising over 20%. Impairment expenses increased due to higher arrears, but cost discipline and digital initiatives supported performance.
Fiscal Year 2024
-
The AGM highlighted a challenging year with a 42% drop in normalized NPAT, strong asset finance growth, and a major acquisition of Westpac's auto finance business. Leadership transitions were announced, dividends were reduced, and all resolutions passed with strong shareholder support.
-
FY24 saw normalized NPAT of AUD 43.1 million and eight months of AUM growth, with asset finance and homeloan portfolios both expanding. Margin pressure persisted, but digital transformation and improved funding costs are expected to support growth and profitability in FY25.