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Harmoney Corp Ltd ( (AU:HMY) ) has shared an update.
Harmoney Corp Limited has reaffirmed its FY26 profit guidance of $12 million Cash NPAT, marking a significant 111% increase from FY25. The company reported strong loan book growth in both Australia and New Zealand, with a notable increase in net interest margin to 10.3%. The launch of a secured vehicle loan product, enabled by the Stellare® 2.0 platform, is expected to attract significant customer interest. Despite a slight rise in credit losses, the company’s cost-to-income ratio remains stable at 19%, supported by its automated platform. Harmoney’s strategic initiatives, including refinancing its corporate debt and expanding its educational marketing, are poised to strengthen its market position and offer growth opportunities.
The most recent analyst rating on (AU:HMY) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Harmoney Corp Ltd stock, see the AU:HMY Stock Forecast page.
More about Harmoney Corp Ltd
Harmoney Corp Limited operates in the financial services industry, focusing on providing personal loans in Australia and New Zealand. The company leverages its proprietary Stellare® 2.0 platform to offer innovative loan products, including secured vehicle loans, aiming to enhance customer experience and expand its market reach.
Average Trading Volume: 94,604
Technical Sentiment Signal: Buy
Current Market Cap: A$96.77M
Learn more about HMY stock on TipRanks’ Stock Analysis page.