Resimac Group Ltd
ASX:RMC
Resimac Group Ltd
Resimac Group Ltd. engages in the provision of mortgage origination and management of home loans. The company is headquartered in Sydney, New South Wales. The company went IPO on 2001-03-19. The firm is focused on distributing prime and specialist products across multiple channels. The firm primarily operates in Australia and New Zealand, originating a high-quality loan portfolio, loan servicing capability, and global funding program. The company offers a full suite of lending products to consumers and commercial borrowers across its wholly owned subsidiaries. These products include residential home loans, consumer finance, and small and medium enterprises (SME) finance. The firm also offers home loans directly to consumers via its homeloans.com.au brand, with a range of smart and transparent home loan solutions that borrowers can apply for using its end-to-end online application. The firm's wholly owned subsidiaries include RESIMAC NZ Home Loans Ltd, RHG Home Loan Pty Ltd, The Servicing Company Pty Ltd and others.
Resimac Group Ltd. engages in the provision of mortgage origination and management of home loans. The company is headquartered in Sydney, New South Wales. The company went IPO on 2001-03-19. The firm is focused on distributing prime and specialist products across multiple channels. The firm primarily operates in Australia and New Zealand, originating a high-quality loan portfolio, loan servicing capability, and global funding program. The company offers a full suite of lending products to consumers and commercial borrowers across its wholly owned subsidiaries. These products include residential home loans, consumer finance, and small and medium enterprises (SME) finance. The firm also offers home loans directly to consumers via its homeloans.com.au brand, with a range of smart and transparent home loan solutions that borrowers can apply for using its end-to-end online application. The firm's wholly owned subsidiaries include RESIMAC NZ Home Loans Ltd, RHG Home Loan Pty Ltd, The Servicing Company Pty Ltd and others.
Profit Growth: Normalized net profit after tax nearly doubled to $29.6 million, with statutory NPAT more than doubling to $28.5 million versus the previous year.
Revenue & Margin: Normalized operating income rose 35% to $103.5 million, supported by strong AUM growth and group net interest margin widening by 15 basis points.
Cost Control: Cost-to-income ratio improved from 53.1% to 50% as revenue growth outpaced expenses.
Asset Quality: Impairment expenses dropped by one-third to $9.7 million thanks to stronger collections and improved arrears metrics.
Dividends: The board declared a fully franked interim dividend of $0.04 per share (up 14%) and a special dividend of $0.09 per share.
Guidance: Management expects normalized operating profit in the second half of '26 to be around $6 million lower, due to the runoff of the Westpac Autos portfolio and possible funding spread headwinds.
Home Loans: Home Loan settlements increased by 12% to $2.7 billion, with AUM up 4% to $13.6 billion.
