Liberty Financial Group (LFG) H1 2026 earnings summary

Executive summary

• Achieved continued profit growth momentum with profit after tax rising 16.5% to $76.4 million, supported by record loan originations and improved borrower demand.

• Lower impairment expense and effective cost management reduced cost to income ratio and improved operational efficiency.

• Acquisition of Moula to drive unsecured SME lending and further diversify portfolio, with a 50% interest acquired for $20.9 million.

• Financial assets under management increased to $14.8 billion.

• Total operating income declined 6.5% to $712.2 million due to lower interest income, partially offset by higher fee and commission income.

Financial highlights

• Underlying NPATA rose 12% to $82.3m compared to $73.6m in 2H25.

• Net revenue increased 3% to $310.8m year-over-year.

• Net interest margin (NIM) at 2.47%, down 3bps from 2H25.

• Cost to income ratio improved to 26.4% from 27.3% in 2H25.

• Diluted EPS increased to 0.252 from 0.216 year-over-year.

Outlook and guidance

• Favourable funding markets expected to support NIM.

• Automation and digital investment to maintain operational efficiency.

• Peer outperformance in NIM, CTI, and ROA expected to continue.

• Focus remains on enhancing customer experience, expanding customer choice, and optimizing risk-adjusted returns.

• Increasing interest rates may impact delinquency.