Resimac Group Limited ( (AU:RMC) ) just unveiled an update.
Resimac Group Ltd reported a 20% increase in operating profit before impairment expense and tax for the first half of 2025, despite a 12.2% drop in normalised NPAT due to higher impairment expenses. The company declared a fully franked interim dividend of 3.5 cents per share, maintaining consistency with previous dividends. Resimac’s strategic focus on digital transformation and balance sheet diversification is underscored by its acquisition of Westpac’s auto loan portfolio, expected to enhance its asset finance division and customer base. The company continues to strengthen broker partnerships and improve operational efficiencies, positioning itself as a top non-bank lender in Australia.
More about Resimac Group Limited
Resimac Group Ltd is a leading non-bank lender and multi-channel distribution business, specializing in originating, servicing, and funding prime and non-conforming residential mortgages and asset finance products. Operating across Australia, New Zealand, and the Philippines, Resimac serves over 55,000 customers and manages assets exceeding $14 billion. The company has a robust funding platform, issuing nearly $50 billion in mortgage-backed securities globally since 1987.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €212.9M
See more data about RMC stock on TipRanks’ Stock Analysis page.