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An update from Latitude Group Holdings Ltd. ( (AU:LFS) ) is now available.
Latitude Group Holdings reported a strong FY25, with cash NPAT rising 59% to $105.1 million and statutory NPAT from continuing operations up 208%, driven by record $9.1 billion in credit card spend and loan originations, higher receivables of $7.2 billion and expanding net interest margins. The group improved operating leverage via a lower cost-to-income ratio, maintained disciplined credit performance, strengthened its balance sheet through $3.0 billion in new and refinanced funding, and lifted shareholder returns with higher fully franked dividends, while pursuing growth via new retail partnerships, adjacent segments and ongoing investment in technology and AI to support long-term, sustainable expansion.
Latitude expects its sharpened focus on core consumer segments in Australia and New Zealand to support continued disciplined growth, aided by existing and new partner relationships across retail, travel and healthcare. Management plans to manage interest margin volatility through pricing, hedging and portfolio mix, keep credit losses within targeted ranges through tight underwriting, and leverage sustained profitability and capital discipline to create capacity for further capital returns, underpinned by ongoing investments in cyber security and advanced technology capabilities.
The most recent analyst rating on (AU:LFS) stock is a Sell with a A$0.94 price target. To see the full list of analyst forecasts on Latitude Group Holdings Ltd. stock, see the AU:LFS Stock Forecast page.
More about Latitude Group Holdings Ltd.
Latitude Group Holdings Ltd. is an Australian consumer finance provider focused on credit cards, personal loans and auto loans across Australia and New Zealand. The company distributes through a broad network of more than 5,500 online and physical retail partners, targeting core retail categories such as home furniture, electronics, whitegoods, travel and healthcare.
Average Trading Volume: 26,032
Technical Sentiment Signal: Sell
Current Market Cap: A$922.8M
For detailed information about LFS stock, go to TipRanks’ Stock Analysis page.