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Harmoney Corp Ltd ( (AU:HMY) ) just unveiled an announcement.
Harmoney Corp Limited has upgraded its Cash NPAT guidance for FY25 to $5.5 million, citing continued loan book growth, improved lending margins, and effective cost management. The company also announced a share buyback of up to 5% of issued capital, indicating strong cash generation and potential debt reduction in FY26. Key performance highlights include a 43% increase in Australian new customer loan originations, a rise in net interest margin to 9.1%, and a decline in credit losses to 3.8%. The rollout of Stellare® 2.0 in New Zealand is on track, and the company’s warehouse credit capacity has increased to over $980 million.
More about Harmoney Corp Ltd
Harmoney Corp Limited operates in the financial services industry, focusing on personal lending. The company is known for its innovative lending platform, Stellare® 2.0, which has been instrumental in driving growth in its Australian and New Zealand markets.
YTD Price Performance: 41.11%
Technical Sentiment Signal: Sell
Current Market Cap: €30.39M
See more insights into HMY stock on TipRanks’ Stock Analysis page.