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MyState Limited (ASX:MYS)

ALERT: Price-sensitive ASX Announcement for MYS
Current share price for MYS : $4.960 0.4 (8.77%)+
Announcement
Release
19 Aug 2025 8:16AM
Price at Release
$4.560
Full Release
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Summary
The document is the Preliminary Final Report for MyState Limited (MYS) for the year ended 30 June 2024. It outlines the company's financial and operational performance, including statutory and underlying results, key highlights, and commentary on the business environment. MyState Limited reported a statutory net profit after tax of $31.6 million, a decrease from the prior year, and an underlying profit after tax of $32.5 million. The Board declared a fully franked final dividend of 11.0 cents per share. The report discusses challenges such as rising interest rates, increased competition for deposits, and changing customer behavior. It highlights the company's focus on digital transformation, operational discipline, customer growth, and prudent risk management. MyState Bank's loan book grew by 0.9% to $7.8 billion, with total customer numbers increasing. The group maintained a strong capital and liquidity position. The report also includes governance disclosures, risk management frameworks, and forward-looking statements about the business strategy and market outlook.
Key Points
  • Statutory net profit after tax was $31.6 million, down from the prior year
  • Underlying profit after tax was $32.5 million
  • Final fully franked dividend of 11.0 cents per share declared
  • Loan book grew by 0.9% to $7.8 billion
  • Total customer numbers increased during the year
  • Emphasis on digital transformation and operational discipline
  • Challenging operating environment due to higher interest rates and competition
  • Strong capital and liquidity position maintained
  • Ongoing focus on prudent risk management
  • Detailed corporate governance and risk management disclosures included
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.