Humm Group (HUM) investor relations material

Executive summary

• Navigated significant corporate activity, including two non-binding indicative offers, activist shareholder campaign, board renewal, Takeovers Panel proceedings, ASIC investigations, and Forum Finance litigation and settlement, amid macroeconomic and geopolitical uncertainty.

• Delivered resilient underlying earnings, with statutory profit after tax of $15.7 million and underlying net profit after tax (adjusted for non-cash and irregular items) of $44.2 million, despite inflation, funding cost pressures, and subdued demand.

• Disciplined cost and credit management, stable net operating income, and improved net interest margin were achieved.

• Transformation, funding, and capital initiatives progressed, with major technology upgrades, cloud migration, and cybersecurity uplift completed.

• Legacy and corporate matters largely resolved, positioning the business for future growth.

Financial highlights

• Underlying net profit after tax (adjusted for non-cash and irregular items) was $44.2 million; statutory profit after tax was $15.7 million, both impacted by $19.1 million in irregular items.

• Underlying diluted EPS was 8.8c; underlying ROE was 8.5%.

• Fully franked dividend of 2.00c per share declared, a 4.5% return.

• Net interest income was $258.3 million (down 2.3%), with net interest margin improving 10bps to 5.5%.

• Assets under management at June 2026 was $5.3 billion, down 4.3% year-over-year, reflecting legacy product run-off and FX impacts.

Outlook and guidance

• FY27 focus on disciplined execution, platform transformation (including card replatforming), and realising benefits from prior investments.

• Group-wide productivity initiatives, AI-enabled automation, and cost reviews planned.

• Targeting ROE of 12%-14% over the next three years.

• Business positioned for sustainable, profitable growth with legacy matters closed and extended funding capacity.