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Judo Capital Holdings Limited (ASX:JDO)

ALERT: Price-sensitive ASX Announcement for JDO
Current share price for JDO : $1.015 -0.52 (-33.88%)+
Announcement
Release
25 Jun 2026 8:18AM
Price at Release
$1.535
Full Release
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Summary
Judo Capital Holdings Limited, known as Judo Bank, provided an update on its financial performance for FY26. The bank's cost of risk is projected to be between $116 million and $122 million due to increased specific provisions across three sectors. The 90-days-past-due and impaired loans are expected to be around 3% of gross loans and advances (GLA) as of June 30, 2026. Judo has maintained lending momentum with GLA surpassing $14.4 billion and is expected to reach between $14.6 billion and $14.7 billion by the end of FY26. The net interest margin for the second half of FY26 is anticipated to exceed 3.2%, benefiting from favorable term deposit costs. Judo has managed operating costs prudently, with a cost-to-income ratio for the second half of the fiscal year predicted to be lower than the first half's 48.5%. Profit before tax for FY26 is expected to grow by 30% from FY25, estimated between $163 million and $169 million. Looking forward, FY27's profit before tax is projected to range between $210 million and $220 million, demonstrating strong growth despite economic uncertainties.
Key Points
  • Judo expects FY26 cost of risk to be between $116m and $122m.
  • 90DPD+ and impaired loans expected to be approximately 3% of GLA.
  • Collective provision coverage expected to remain in line with Q3 update.
  • GLA expected to be between $14.6bn - $14.7bn by June 30, 2026.
  • Net interest margin for 2H26 expected to be over 3.2%.
  • Cost-to-income ratio for 2H26 on track to be below 1H26's 48.5%.
  • FY26 profit before tax expected to grow 30% from FY25.
  • FY27 profit before tax projected between $210m - $220m.
  • Judo maintains a strong capital position with CET1 ratio expected at ~12.4% by June 30, 2026.
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.