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Harmoney Corp Limited (ASX:HMY)

ALERT: Price-sensitive ASX Announcement for HMY
Current share price for HMY : $0.760 -0.09 (-10.59%)+
Announcement
Release
22 Apr 2026 9:14AM
Price at Release
$0.850
Full Release
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Summary
Harmoney Corp Limited's 3Q26 trading update highlighted their strong financial performance, with a net interest margin of 10.3% and stable credit losses at 3.8%. The company's risk-adjusted income margin improved to 6.5%, and the cost-to-income ratio decreased to 18.2% due to automation through Stellare® 2.0. Unrestricted cash reserves increased to $26 million, with an overall warehouse credit capacity exceeding $1 billion. The company affirmed its FY26 Cash NPAT guidance of $13 million, supported by a 10% growth in the loan book to $879 million, despite currency headwinds. Harmoney continues to benefit from strong origination growth in both Australia and New Zealand, attributed to the efficiency of its Stellare® platform.
Key Points
  • Net interest margin increased to 10.3%, with new lending NIM continuing above 10%.
  • Credit losses remained unchanged at 3.8%, with an improvement in 90+ day arrears to 0.62%.
  • Risk-adjusted income margin rose to 6.5%, driven by higher NIM and stable credit losses.
  • Cost to income ratio improved to 18.2% due to Stellare® 2.0 automation.
  • Unrestricted cash increased to $26m, even after a significant debt repayment.
  • Total warehouse credit capacity expanded to over $1 billion.
  • FY26 Cash NPAT guidance of $13 million was affirmed.
  • Strong loan book growth of 10% to $879 million.
  • Australian loan book grew by 17% and New Zealand by 9% in local currency.
  • Harmoney operates with high levels of automation through Stellare® 2.0.
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.