Solvar
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Solvar (SVR) investor relations material

Solvar H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary18 Feb, 2026

Executive summary

  • Commercial lending, led by the Bennji division, expanded the loan book to AUD 67 million, with plans to double by March and replace New Zealand contributions; Australian loan book up 1.7% to AUD 846.6 million since June 2025.

  • Strategic exit from New Zealand accelerated by the sale of the written-off loan book for NZ$9.4 million, repatriating funds to Australia and supporting special dividends.

  • Regulatory issues with ASIC largely resolved, with most claims dismissed, providing operational clarity.

  • Strong Christmas demand and commercial lending growth reversed initial H1 FY26 slowdown.

  • Debt facilities increased by $250 million, providing headroom for further loan book growth.

Financial highlights

  • Normalized net profit after tax reached AUD 20.012 million for the half, up 5.8% year-over-year, underpinned by the sale of New Zealand assets.

  • Earnings per share rose 13.6% to 10.4 cents; statutory EPS up 13.5% to 9.3 cents.

  • Fully franked dividends declared totaled 11.0 cents per share, including special dividends from NZ asset sale.

  • Cash collections up nearly 5% year-over-year, reflecting strong consumer repayment trends.

  • Bad debts at 2.9%, below target range, aided by one-off NZ asset sale benefit.

Outlook and guidance

  • Reiterated normalized net profit after tax guidance of AUD 36 million for the full year, including one-off NZ loan book sale.

  • Expect Bennji loan book to double by March and to offset NZ business wind-down by FY 2027.

  • Dividend payout ratio expected to remain high, supported by strong free cash flow and capital position.

  • Anticipate continued loan book and origination growth, especially in Bennji and AFS.

  • Final stages of New Zealand exit and ongoing regulatory focus anticipated.

Bennji's path to profitability
Warehouse funding savings allocation strategy
Money3 growth outlook post-ASIC resolution
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H2 202627 Aug, 2026
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Frequently asked questions

Solvar Limited is non-bank provider of automotive finance in Australia and New Zealand. The company offers a range of finance and related services designed to assist consumers in purchasing new or used vehicles, in addition to providing personal loans. Solvar caters to both individual consumers and commercial clients, including small businesses and sole traders, facilitating the acquisition of vehicles or equipment to support business operations. Additionally, the company offers fleet funding facilities to strategic corporate customers. The company is headquartered in Bundoora, Victoria, and its shares are listed on the Australian Securities Exchange.

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