Humm Group posts $44.2M FY26 underlying profit
- Humm Group reported an underlying net profit after tax of $44.2 million for the 2026 financial year.
- The company's shares rose following the earnings release while net interest margins expanded.
- Growth in commercial lending helped offset declines across the consumer finance division.
Humm Group (ASX:HUM) reported a full-year statutory profit after tax of $15.7 million alongside an underlying net profit of $44.2 million for the period ended June 30.
The result compares against average assets under management of $5.2 billion, which remained flat relative to the prior corresponding period.
Net interest margin improved 10 basis points to 5.5%, despite slightly lower net interest income and reduced average receivables as the legacy humm Classic portfolio continued its planned run-off.
"Inflationary and funding cost pressure, cautious consumer and SME demand, geopolitical disruption, trade and tariff uncertainty, and rising wage, vendor and compliance costs all remained live during the year," said Humm Group CEO Angelo Demasi.
Commercial average assets under management rose 5.1% to $3.3 billion, whereas consumer average net receivables fell to $1.9 billion.
Following the announcement, the Humm Group share price was up at $0.44.
The board determined a final dividend of 0.50 cents per ordinary share, fully franked. Together with the interim dividend of 1.50 cents per share, total FY26 dividends are 2 cents per share.
The business provides commercial equipment financing as well as consumer buy-now-pay-later services across Australia, New Zealand, Ireland, Canada, and the United Kingdom.
