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Pepper Money Limited (ASX:PPM)

ALERT: Price-sensitive ASX Announcement for PPM
Current share price for PPM : $1.705 -0.065 (-3.67%)+
Announcement
Release
20 Aug 2026 8:01AM
Price at Release
$1.770
Full Release
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Summary
Pepper Money Limited announced a record Total Assets Under Management of $24.0 billion for the first half of 2026, driven by strong originations growth and strategic acquisitions. The company's total originations increased by 40% to $6.3 billion, with a notable 63% growth in mortgage originations. Net Interest Margin improved to 2.10%, contributing to a 7% increase in Statutory Net Profit After Tax to $50.4 million and a 15% rise in Pro-forma NPAT to $53.9 million. Pepper Money declared a fully franked interim dividend of 7.2 cents per share. The company expanded its servicing portfolio through agreements with HSBC Australia and the acquisition of the RAMS home loan portfolio. Despite incurring $3.5 million in costs related to an uncompleted offer from Challenger Limited, Pepper Money remains focused on product innovation, distribution network expansion, and efficiency improvements to sustain its growth trajectory.
Key Points
  • Pepper Money's Total Assets Under Management (AUM) reached a record $24.0 billion by 30 June 2026.
  • Total Originations for 1H 2026 amounted to $6.3 billion, a 40% increase compared to 1H 2025.
  • Net Interest Margin (NIM) improved by 12 basis points to 2.10%.
  • Statutory Net Profit After Tax (NPAT) increased by 7% to $50.4 million.
  • Pro-forma NPAT rose by 15% to $53.9 million.
  • A fully franked Interim Dividend of 7.2 cents per share was declared, representing a 60% payout ratio.
  • Strong performance in mortgage originations, which reached $4.5 billion, a 63% increase on the prior comparative period.
  • The servicing portfolio expanded significantly, including a new agreement with HSBC Australia and the completed acquisition of the RAMS home loan portfolio.
  • The company incurred $3.5 million in costs related to a non-binding indicative offer from Challenger Limited that did not proceed.
  • Pepper Money continues to focus on growth through product innovation, distribution network expansion, and efficiency improvements.
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.