Resimac Group (RMC) H1 2026 earnings summary

Executive summary

• Delivered strong earnings growth and momentum in core lending portfolios for 1H 2026, with disciplined capital, risk, and cost management.

• Normalized operating profit rose 44% year-over-year to AUD 51.7 million, and normalized NPAT nearly doubled to AUD 29.6 million.

• Statutory NPAT increased 110% to AUD 28.45 million, reflecting improved operating profit and lower impairment expenses.

• Home Loan and Asset Finance portfolios grew, with AUM up 5% and 25% year-over-year, respectively.

• Focused on sustainable growth, operational excellence, and transforming into an intelligent lender through technology and AI.

Financial highlights

• Normalized operating income increased 35% to AUD 103.5 million year-over-year.

• Net interest income up 26% to AUD 18.7 million; group NIM expanded by 15 basis points to 163 bps.

• Normalized cost-to-income ratio improved to 50%, down from 53.1% in 1H25.

• Normalized NPAT nearly doubled to AUD 29.6 million; statutory NPAT more than doubled to AUD 28.5 million.

• Fully franked interim dividend of AUD 0.04 per share and special dividend of AUD 0.09 per share declared.

Outlook and guidance

• Normalized operating profit in 2H 2026 expected to be approximately AUD 6 million lower than 1H 2026 due to Westpac Auto portfolio runoff and potential funding cost headwinds.

• Strategy focuses on strengthening the Home Loan portfolio, leveraging AI for intelligent lending, and scaling complementary products.

• Management remains vigilant amid persistent inflation and a recent rate increase in February 2026.