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Harmoney Corp Limited (ASX:HMY)

ALERT: Price-sensitive ASX Announcement for HMY
Current share price for HMY : $0.720 -0.053 (-6.80%)+
Announcement
Release
20 Aug 2026 4:26PM
Price at Release
$0.773
Full Release
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Summary
Harmoney Corp Limited's FY26 Investor Presentation highlights substantial growth and profitability improvements. The company achieved a 7% increase in its loan book to $889 million and a 10% revenue growth to $145 million. The Net Interest Margin (NIM) improved to 10.2%, slightly above expectations. Cash NPAT surged 139% to $13.5 million, supported by the Stellare® platform's automation, which reduced the cost-to-income ratio to 17.8%. Credit losses remained stable at 3.9% while 90+ day arrears decreased to 0.67%. Harmoney is well-capitalized for growth with significant funding from major banks and aims to achieve a cash NPAT of $16 million in FY27, leveraging continued operational efficiencies and strategic market expansions.
Key Points
  • Harmoney experienced a 7% growth in its loan book reaching $889 million by FY26.
  • Revenue increased by 10%, amounting to $145 million.
  • The company achieved a Net Interest Margin (NIM) of 10.2%, slightly exceeding the guidance.
  • Cash Net Profit After Tax (NPAT) reached $13.5 million, which is a 139% increase from the previous year.
  • Stellare® platform automation contributed to an improved cost-to-income ratio, decreasing to 17.8%.
  • Harmoney's credit losses remained stable at 3.9% and 90+ day arrears dropped to 0.67%.
  • The company is capitalized for significant growth, with a low corporate debt to equity gearing of 31%.
  • FY27 guidance projects a cash NPAT of $16 million, driven by continued growth and operational efficiency.
  • Harmoney's loan book is funded by three of Australia's 'big-4' banks.
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.