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Heartland Group Holdings Ltd. ( (DE:73X) ) just unveiled an update.
Heartland Group Holdings Limited reported a net profit after tax of $38.8 million for FY2025, with an underlying NPAT of $46.9 million, meeting its guidance. The company focused on capital efficiency, restoring margins, and derisking lending portfolios. The integration of its Australian businesses into a new bank and successful funding transition have strengthened its position. Asset quality improved with better recovery outcomes, and growth was seen in reverse mortgages and livestock finance. For FY2026, Heartland aims for a return on equity of at least 7% and an improved NPAT of at least $85 million, with a continued focus on core products, technology investment, and cost control.
More about Heartland Group Holdings Ltd.
Heartland Group Holdings Limited operates in the financial services industry, focusing on banking and lending services. The company offers a range of financial products including reverse mortgages, livestock finance, motor finance, and asset finance, with a market focus on New Zealand and Australia.
See more insights into 73X stock on TipRanks’ Stock Analysis page.