How did Resimac Group (ASX:RMC) perform in the first half of FY26?

Resimac reported a significant jump in profitability for the half-year ended 31 December 2025, with statutory net profit after tax rising 111% to $28.5 million. Normalised NPAT, which strips out volatile fair value movements on derivatives to show underlying performance, increased 67% to $26.6 million.

Why did Resimac’s profit increase so significantly compared to last year?

The 111% statutory profit surge was driven by a combination of higher lending volumes and improved operational efficiency. Operating profit before tax and impairments rose 44% to $51.7 million, while the company successfully lowered its cost-to-income ratio by 310 basis points to 50%.

What is driving the growth in Resimac (ASX:RMC) assets under management?

Resimac's AUM grew to $15.7 billion, fueled by a 5% increase in home loans and a substantial 25% jump in asset finance. The asset finance division benefited specifically from the Westpac Auto acquisition, which helped pivot the portfolio toward higher-margin lending.

What happened to Resimac's net interest margin in H1 FY26?

Resimac's net interest margin expanded by 15 basis points to 163 bps during the first half of 2026. This expansion is primarily attributed to a shift in the portfolio mix toward asset finance, which typically carries higher interest rates than standard residential mortgages.

What are the dividend details for Resimac (ASX:RMC) shareholders?

The board declared a total distribution of 13 cents per share for the half-year, consisting of a 4-cent fully franked interim dividend and a 9-cent fully franked special dividend. Both payments are scheduled for March 24..

What are the main risks for Resimac (ASX:RMC) moving forward?

While the results are strong, the primary risk remains the sensitivity of the loan book to broader economic conditions and interest rate cycles. Although impairment expenses decreased this half, any sharp rise in unemployment or cost-of-living pressures could increase arrears in the future.

Is the Westpac Auto acquisition paying off for Resimac?

Early data suggests the Westpac Auto acquisition is a key growth catalyst, contributing to the 25% increase in Resimac's asset finance AUM. By integrating this portfolio, Resimac has not only increased its total scale but also successfully boosted its overall net interest margin.

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Resimac sees higher H1 profit on strong asset growth

Written by Jon CuthbertPublished Feb 25, 2026, 3:01 AMLast Updated Jul 6, 2026, 10:45 AM

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.

Resimac sees higher H1 profit on strong asset growth

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