Humm Group Limited (AU:HUM) has released an update.
Humm Group Limited reports a robust full-year 2024 performance with a significant 145% increase in Statutory net profit to $7.1 million and a strong second half recovery leading to a 16% uplift in Normalised cash profit. Noteworthy is the company’s solid balance sheet, including an 18% growth in total receivables to $5.0 billion, and the launch of a new hybrid loan product anticipated for the first half of 2025. The firm also remains committed to rewarding shareholders, offering a fully franked dividend of 2.0 cents per share, underpinned by a 30%–40% free cash flow payout ratio.
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