Judo Capital reports higher profit in H1 FY26

Judo Capital (ASX:JDO), which operates as Judo Bank, delivered a standout financial performance for the first half of 2026, headlined by a 46% year-on-year surge in statutory net profit after tax, which reached $59.9 million.

The specialist lender’s results reflect aggressive growth and improving operational efficiency, with profit before tax climbing to $86.5 million, a 53% increase compared to the previous corresponding period.

Gross loans and advances reached $13.4 billion, representing 15% annual growth.

The "above-system" expansion has prompted management to upgrade its full-year GLA guidance to a range of $14.4 billion – $14.7 billion.

The bank is also benefiting from a stabilising interest environment; while the net interest margin sat at 3.03% for the half, guidance for the second half has been revised upward to approximately 3.15%, fueled by a more favorable cost of new term deposits.

The cost-to-income ratio saw a dramatic improvement, falling by 890 basis points compared to last year.

Judo reaffirmed its full-year PBT guidance of $180 million – $190 million, signaling a strong finish to the 2026 fiscal year.