Humm Group reports strong FY25 growth and increased profit

Humm Group Limited (ASX: HUM) reported a refined cash profit (after tax) of $52.9m for FY25, a 56.5% increase from the prior comparative period, while statutory profit (after tax) rose to $39.6m. The company declared a fully franked final dividend of AUD 0.0075 per share, bringing total dividends for FY25 to AUD 0.0200 per share. Assets under management grew 9.6% to $5.5bn, supported by commercial assets up 12% to $3.3bn and consumer finance receivables up 6% to $2.2bn.

The company's global strategy saw volume growth of $337.9m (46.4% up on pcp) and receivables of $254.4m (45.7% up on pcp), with a strong product yield of 20.2%. Notably, humm Ireland delivered positive key metrics, including a Net Interest Margin (NIM) expansion of 240bps and a ROCE of 29.7%. Operating expenses decreased by 5.7%, improving the cost-to-income ratio to 51.7%. The full repayment of $53.6m in subordinated perpetual notes further strengthened the balance sheet.