Harmoney posts record $122M quarterly loan originations
- Harmoney hit its highest monthly loan originations in September, pushing total quarterly originations to $122 million.
- The lender reaffirmed its full-year 2027 cash NPAT guidance of $16 million or more, representing at least 18% growth over FY26.
- Growth was supported by the launch of an Australian intermediary channel in August, expanding Harmoney's reach across Australia and New Zealand.
Harmoney (ASX:HMY) posted $122 million in total loan originations for the quarter ended Sept. 30, driven by record monthly originations in September.
The company's loan book expanded 9% year-on-year to $912 million, supported by a 14% growth in its Australian portfolio to $573 million.
Harmoney's CEO & Managing Director David Stevens said, "The standout of the quarter has been the acceleration of our new intermediary channel. Our first two Australian intermediary partners originated $7 million of loans in less than two months. We now have four partners live across Australia and New Zealand, with more set to join through Q2 FY27."
The company stated that operating efficiency improved, as automated processes helped reduce its cost-to-income ratio from 19% to 18%.
Following the announcement, the Harmoney share price was unchanged at $0.68.
Harmoney operates as a direct and intermediary lender in Australia and New Zealand, utilising its proprietary Stellare platform to automate loan originations.
The business continues to expand its partner intermediary network while maintaining total warehouse credit capacity above $1 billion to support future loan growth.
