Resimac Group (RMC) investor relations material

Executive summary

• Delivered strong earnings growth and momentum in core lending, with disciplined capital, risk, and cost management; operating profit before impairment and tax rose 44% to $51.7 million for 1H26 compared to 1H25.

• Normalised NPAT (excluding FV movement on derivatives) increased 97% to $29.6 million; statutory NPAT up 111% to $28.5 million, reflecting improved operating profit and lower impairment expenses.

• Home Loan and Asset Finance portfolios both grew, with AUM up 5% and 25% year-over-year, respectively; total AUM reached $15.7 billion.

• Strategy anchored in a 5-point plan emphasizing home loans, AI-driven intelligent lending, channel relationships, asset finance discipline, and high-performance culture.

• Fully franked interim dividend of 4.0 cents per share and special dividend of 9.0 cents per share declared, totaling 13 cents per share for 1H26.

Financial highlights

• Normalised operating profit rose 44% to AUD 51.7 million; normalised NPAT nearly doubled to AUD 29.6 million; statutory NPAT more than doubled to AUD 28.5 million.

• Total normalized operating income increased 35% to AUD 103.5 million; net interest income up 24%; operating expenses rose 24% year-over-year.

• Group NIM expanded by 15bps to 163bps; home loans NIM up 5bps to 133bps; asset finance NIM at 309bps, down 15bps YoY.

• Normalised cost-to-income ratio improved by 310bps to 50.0%.

• Loan impairment expense decreased to $9.7 million from $14.8 million year-over-year.

Outlook and guidance

• FY26 priorities include strengthening the core mortgages business, leveraging AI for intelligent lending, deepening channel partnerships, and optimising the asset finance portfolio for scale.

• Normalized operating profit in 2H 2026 expected to be approximately AUD 6 million lower due to Westpac Auto portfolio runoff and potential funding cost headwinds.

• The group will present its first mandatory climate-related disclosures for FY26, with preparations underway.

• Management remains vigilant amid persistent inflation, recent rate increases, and ongoing macroeconomic monitoring.