Humm Group (ASX:HUM) announced financial results for the full-year ended 30 June 2022.
FY22 Cash Net Profit After Tax (NPAT) of $51.1m.
FY22 Statutory Net Loss After Tax of $170.3m, including non-cash reduction of $162.8m in intangibles and $39.3m in capitalised software.
Humm Group total receivables of $3.3b, up 20.6% on pcp.
Consumer Finance volume of $2.4b, up 12.9% on pcp.
Commercial and Leasing volume of $1.1b, up 102.9% on pcp.
Group net loss / average net receivables (ANR) of 2.8%, a 70 bps improvement on pcp.
Closure of non-core small ticket BNPL products to improve BNPL segment performance in FY23.
Strong balance sheet with $112.7m in unrestricted cash and $895.8m of warehouse headroom.
Fully franked final dividend proposed of 1.4cps bringing the FY22 full year dividend of 3.1 cps.
Following the announcement the company?s share price stable.