Humm Group (HUM) H2 2025 earnings summary

Executive summary

• Statutory profit after tax was $39.6 million, with refined cash profit after tax at $52.9 million for FY25, up 56.5% year-over-year.

• Assets under management reached $5.5 billion, up 10% year-over-year.

• Cost-to-income ratio improved to 51.7%, an 11.2% reduction from the previous year.

• Fully franked dividends totaled $0.02 per share, representing a 4.8% return to shareholders.

• Focus on profitable growth, technology transformation, and cost reduction.

Financial highlights

• Net operating income increased 6.2% to $330.5 million.

• Net interest margin was 5.4%, down 10 basis points year-over-year.

• Operating expenses decreased by up to 6%, driving improved efficiency.

• Net credit loss to assets and receivables (ANR) remained at a historical low of 1.7%.

• Cash earnings per share were $0.102.

Outlook and guidance

• Elevated commercial credit losses expected in H1 FY26, normalizing in H2.

• Ongoing investment in technology and automation to enhance platform resilience and customer experience.

• Focus on restoring volume in the Australian consumer segment and maintaining strong credit performance.

• Targeting a cost-to-income ratio below 50%, likely achievable later in FY26.