Resimac Group (ASX:RMC) has released its financial results for the first half of the 2026 financial year, ended Dec. 31, 2025.
The non-bank lender reported a statutory net profit after tax of $28.5 million, marking a 111% increase compared to the previous corresponding period.
Normalised NPAT, which excludes fair value movements on derivatives, rose 67% to $26.6 million.
The group's operating profit before impairment expense and tax reached $51.7 million, a 44% year-on-year improvement.
The company's assets under management grew 11% to $15.7 billion, supported by a 5% increase in home loans and a 25% rise in asset finance, the latter boosted by the Westpac Auto acquisition.
Origination volumes for the half were $3.1 billion, up 11%.
Resimac’s net interest margin expanded by 15 basis points to 163 bps, a shift attributed to the higher-margin asset finance portfolio.
Efficiency also improved, with the cost-to-income ratio dropping 310 basis points to 50%, while impairment expenses decreased to $6.7 million due to proactive arrears management.
CEO Pete Lirantzis attributed the performance to disciplined asset quality and strategic investments in technology and personnel.
The board declared a 4 cents per share fully franked interim dividend and a 9 cents per share fully franked special dividend, both payable on March 24.
This brings the total H1 FY26 distribution to 13 cents per share, representing a total outlay of $51.4 million.
At the time of reporting, Resimac Group's share price was $1.16.