Harmoney (HMY) investor relations material

Executive summary

• Achieved record cash NPAT of $13.5m, up 139% year-over-year, and statutory NPAT of $10.2m, up 86%, both exceeding upgraded market guidance.

• Group loan book grew 7% to $889m, with Australian loans up 14% and New Zealand loans up 11% in local currency.

• Automation and digital platform (Stellare® 2.0) drove operating leverage, enabling 21% origination growth with only 3% increase in cash operating expenses.

• Customer loyalty and repeat business surged, with existing customer originations up 41% and now comprising 45% of total originations.

Financial highlights

• Total income rose 10% to $145m year-over-year; net operating income increased 29% to $39.7m.

• Net interest margin widened 90bps to 10.2%; average funding rate fell 100bps to 6.8%.

• Incurred credit losses increased 15% to $33.1m, representing 3.9% of average gross loans.

• Cost to income ratio improved by 110bps to 17.8%; cash operating expenses grew just 3%.

• Cash return on equity doubled to 33%; statutory return on equity reached 25%.

Outlook and guidance

• FY27 focus on expanding multi-product relationships, embedded finance partnerships, and AI-driven underwriting.

• Continued investment in automation, customer experience, and data intelligence to drive further growth and efficiency.