Resimac Group (RMC) H1 2026 earnings summary

Executive summary

• Delivered strong earnings growth and momentum in core lending portfolios for 1H26, with disciplined capital, risk, and cost management, and a focus on sustainable growth and technology-driven transformation.

• Normalised operating profit rose 44% to AUD 51.7 million, and normalised NPAT increased 97% to AUD 29.6 million; statutory NPAT more than doubled to AUD 28.5 million.

• Home Loan and Asset Finance portfolios expanded, with AUM up 11% to AUD 15.7 billion, Home Loans up 5% to AUD 13.6 billion, and Asset Finance originations up 25% to AUD 1.5 billion.

• Fully franked interim dividend of AUD 0.04 per share and special dividend of AUD 0.09 per share declared, totaling 13 cents per share for 1H26.

• Strategic investments in people, technology, and process supported growth and operational excellence.

Financial highlights

• Normalised operating income increased 35% to AUD 103.5 million year-over-year, with operating expenses up 24–27% to AUD 51.8 million.

• Group net interest margin expanded by 15bps to 163bps, driven by higher-margin asset finance.

• Cost-to-income ratio improved by 310bps to 50%.

• Loan impairment expense decreased to AUD 9.7 million from AUD 14.8 million year-over-year.

• EPS rose to AUD 0.0719; net tangible assets per security declined to AUD 0.70.

Outlook and guidance

• 2H26 normalised operating profit expected to be approximately AUD 6 million lower than 1H26 due to Westpac Auto portfolio runoff and funding cost headwinds.

• Strategic focus on strengthening Home Loan portfolio, leveraging AI, deepening partnerships, and scaling complementary products.

• Funding markets remain conducive for AUM growth, with robust securitisation activity and diversified funding sources.

• Management remains vigilant amid persistent inflation, recent rate increases, and ongoing macroeconomic monitoring.

• First mandatory climate-related disclosures for FY26 in preparation.