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Heartland Group Holdings Limited (ASX:HGH)

ALERT: Price-sensitive ASX Announcement for HGH
Current share price for HGH : $1.005 0.065 (6.91%)+
Announcement
Release
23 Apr 2026 7:30AM
Price at Release
$0.940
Full Release
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Summary
Heartland Group Holdings Limited (HGH) has released its 3Q2026 trading update, reflecting a return to growth in its Motor Finance and Asset Finance sectors. The group's net operating income for the quarter was $90.1 million, with net profit after tax (NPAT) of $21.4 million, and maintained its guidance for an underlying NPAT of at least $85 million for the financial year ending June 2026. Heartland Bank's performance in New Zealand saw a lower than anticipated average net interest margin (NIM) at 4.09%, while Heartland Bank Australia recorded an improved average NIM of 3.99%. The company is closely monitoring geopolitical risks in the Gulf region and its potential impact on credit quality in New Zealand and Australia. Furthermore, the non-strategic asset (NSA) realisation continues to make progress and is expected to conclude by June 2026.
Key Points
  • Heartland Bank returned to growth in Motor Finance and Asset Finance in 3Q2026.
  • Net operating income was $90.1 million for 3Q2026.
  • NPAT for 3Q2026 was $21.4 million.
  • The average NIM for Heartland Group was 4.06% in 3Q2026.
  • NSA realisation is on track to conclude by June 2026.
  • Heartland Group expects to achieve an underlying NPAT of =$85m for FY2026.
  • Geopolitical risks in the Gulf region are being monitored for impact on credit quality.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.