Humm Group (HUM) investor relations material

Executive summary

• Statutory profit after tax for H1 2026 was AUD 13.9 million, up 13% sequentially but down 49% year-over-year due to higher credit losses, absence of prior period one-offs, and increased litigation provisions.

• Assets under management reached AUD 5.4 billion, up 1.3% year-over-year, with Commercial AUM up 5.7% and Consumer AUM down 5.1%.

• Fully franked interim dividend of AUD 0.015 per share declared, enabled by repayment of perpetual notes and payable in March 2026.

• The company shifted to statutory accounting measures for profit reporting, enhancing transparency and comparability.

Financial highlights

• Net interest income rose to AUD 134.4 million, with group NIM stable at 5.5%.

• Cost-to-income ratio was 57.4% (52–52.5% excluding irregular items).

• Net credit loss to ANR was 2.0% (up 15bps year-over-year), with Commercial at 1.3% and Consumer at 2.8%.

• ROE improved to 5.4% from 4.8% in H2 2025; annualised EPS was 5.6 cents.

• Net tangible assets per share rose 7.8% on H2 2025 to 83c, but fell 1.2% year-over-year.

Outlook and guidance

• Commercial credit losses have peaked and are expected to normalize or moderate in H2 2026.

• Technology transformation costs expected to subside from H2 2027; card platform migration to complete in 12 months.

• Focus remains on profitable growth, leveraging strong credit performance and continued investment in product and technology.

• New regulated hybrid Point-of-Sale product in Australia and expanded Forward Flow arrangement expected to enhance profitability.