Liberty Financial Group (LFG) investor relations material

Executive summary

• Statutory net profit after tax (NPAT) rose 16.5% to $76.4 million for the half-year ended 31 December 2025, driven by lower expenses and improved operational efficiency.

• Underlying NPATA increased 12% to $82.3 million compared to the previous half-year.

• Financial assets under management grew to $14.8 billion as of 31 December 2025.

• Achieved record loan originations of $3.1 billion, reflecting improved borrower demand.

• Acquisition of Moula to expand unsecured SME lending and diversify the portfolio.

Financial highlights

• Net revenue increased 3% to $310.8 million year-over-year.

• Interest income decreased 8.6% to $584.9 million, reflecting lower yields and RBA rate cuts.

• Fee, commission, and other income increased 4.6% to $127.3 million.

• Cost to income ratio improved to 26.4% from 27.3% in 2H25.

• Interim distribution up 25% to 15c per security.

Outlook and guidance

• Favourable funding markets expected to support NIM.

• Automation and digital investment to maintain operational efficiency.

• Peer outperformance in NIM, CTI, and ROA expected to continue.

• Focus on enhancing customer experience, expanding choice, and optimizing risk-adjusted returns.

• Increasing interest rates may impact delinquency.