Harmoney (HMY) investor relations material

Executive summary

• FY27 cash NPAT guidance reaffirmed at AUD 16m+, at least 18% above FY26’s AUD 13.5m; year-end loan-book target remains above AUD 1bn.

• 1Q27 loan book grew 9% YoY to AUD 912m, with net interest margin at 10.3% and risk-adjusted margin at 6.5%.

• Originations rose 4% YoY to AUD 122m; the new Australian intermediary channel originated AUD 7m in its first two months.

• Operating leverage continued, with credit metrics stable and arrears and cost-to-income improving.

Financial highlights

• Group loan book reached AUD 912m, up 9% YoY; Australia was AUD 573m, up 14%, and New Zealand was NZD 418m, up 11% in local currency.

• 1Q27 originations rose 4% YoY to AUD 122m; September was the highest-ever month of originations in local currency.

• Vehicle loan book increased 22% YoY.

• Cash NPAT rose from AUD 0.7m in FY24 to AUD 5.7m in FY25 and AUD 13.5m in FY26.

Outlook and guidance

• FY27 cash NPAT guidance reaffirmed at AUD 16m+, at least 18% growth on FY26; guidance implies a 187% CAGR from FY24.

• Year-end loan-book target is above AUD 1bn, supported by direct lending, Stellare 2.0 and intermediary-channel growth.

• Intermediary pipeline is estimated at AUD 100m+ annual funded volume by FY28 from 10+ intermediaries; further partners are expected to join in 2Q27.

• FY27 credit losses are expected near the high end of the 3%-4% range, at a level similar to FY26.