Humm Group (HUM) Q1 2026 TU earnings summary

Executive summary

• New loan origination volume reached $845m, a 14% decrease year-over-year, with both Commercial and Consumer segments declining due to subdued demand and regulatory changes.

• Assets under management increased 4.4% to $5.3b, with Commercial assets at $3.3b and Consumer net receivables at $2.0b.

Financial highlights

• Commercial volume was $339m, down 13% year-over-year; Consumer volume was $506m, down 15%.

• Net interest margin remained steady at 5.4%.

• Net losses/average net receivables (ANR) for the group stood at 1.9% on a 12-month rolling basis.

Outlook and guidance

• Humm loan volumes in Australia are expected to remain below prior year levels for the rest of FY26, with a projected $7.8m decrease in net operating income for the full year.

• Commercial segment losses are expected to remain elevated in 1H26 before stabilizing in 2H26, with FY26 Net Loss/ANR forecasted between 1.21% and 1.25%.

• Growth in Point of Sale International is anticipated to partially offset lower Australian volumes.