Judo Capital (JDO) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional land owners, introduced directors, executive team, and auditor.

• Paid tribute to outgoing inaugural Chair for eight years of leadership and welcomed new Board members.

Financial performance review

• Lending book grew 16% to $12.5 billion, nearly double system growth; underlying profit before tax rose 14% to $125.6 million.

• Deposit franchise increased to nearly $10 billion, with $1.4 billion growth in direct retail balances.

• CET1 capital ratio at 13.1% at June end; arrears remained broadly stable despite economic challenges.

• FY26 guidance targets profit before tax of $180–190 million, about 50% growth over FY25.

• First quarter FY26 lending momentum strong, with $463 million GLA growth and healthy pipeline.

Board and executive committee updates

• Meta Shepherd retired as Director; Brad Cooper appointed as Independent Non-Executive Director in December 2024.

• Board and leadership team highlighted for experience in risk management and governance.