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    Humm Group (ASX:HUM) announces full year results

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    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.

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