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MyState Limited (ASX:MYS)

ALERT: Price-sensitive ASX Announcement for MYS
Current share price for MYS : $4.970 0.19 (3.97%)+
Announcement
Release
20 Feb 2026 8:46AM
Price at Release
$4.780
Full Release
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Summary
MyState Limited reported substantial growth in its financial performance for the first half of the fiscal year 2026, following its merger with Auswide. The group's total operating income rose by 14.1% compared to the second half of fiscal year 2025, reaching $125.2 million, while statutory net profit after tax increased by 39% to $27.3 million. The net interest margin was slightly lower at 1.46%. The merger facilitated a rise in scale, contributing to improved operational performance, with annual synergies of $10.4 million already achieved. The home loan book stood at $12.9 billion, with significant growth in Selfco's equipment finance portfolio. An interim dividend of 12.0 cents per share was declared, and a new online savings account, 'Hello Saver', was launched to strengthen deposit business. The company continues to focus on integration, cost management, and leveraging its expanded scale for future growth.
Key Points
  • MyState Limited's total operating income for 1H26 increased by 14.1% to $125.2 million.
  • Statutory net profit after tax rose by 39% to $27.3 million.
  • Integration synergies of $10.4 million achieved; targeting $20-$25 million by FY28.
  • Home loans reached $12.9 billion with strong application momentum.
  • Selfco's equipment finance portfolio grew by 64% to $261 million.
  • A new online savings account, 'Hello Saver', was launched.
  • An interim dividend of 12.0 cents per share was declared.
  • Total capital ratio was 16.9%, down due to Tier 2 note redemptions.
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.