Resimac Group Ltd posted a 26% increase in normalized net profit after tax to AUD 49.9 million for the full year ended June 2026, up from AUD 39.7 million a year earlier. The company also reported a 42% rise in statutory net profit to AUD 49.2 million, alongside an 18% increase in normalized operating profit to AUD 92.2 million.
Home loan settlements grew 20% to AUD 5.9 billion, while home loan applications rose 24% to AUD 9.4 billion. Total assets under management reached a record AUD 16.5 billion, with home loans accounting for AUD 14.7 billion and asset finance (excluding the Westpac portfolio) at AUD 1.5 billion. The group’s return on equity improved to 13.6%, while its cost-to-income ratio edged down to 53.0%.
The company declared a 53% increase in its full-year dividend to AUD 0.10 per share, including a fully franked final ordinary dividend of AUD 0.06 per share and a special dividend of AUD 0.09 per share. Franking credits retained totaled approximately AUD 103 million. Resimac has maintained dividend payments for 10 consecutive years.
Net interest margins expanded by 5 basis points to 159 basis points, with home loan margins broadly stable at 131 basis points and asset finance margins rising 13 basis points to 212 basis points. Impairment expenses fell 5% to AUD 21.4 million, while provision coverage for home loans declined modestly by 2 basis points to 20 basis points. Asset finance coverage increased 7 basis points to 127 basis points.
Bond issuance totaled AUD 5.5 billion, up 28% from AUD 4.3 billion in the prior year, including AUD 5 billion in residential mortgage-backed securities and AUD 0.5 billion in asset-backed securities. Since inception, Resimac has issued nearly AUD 60 billion in bonds.
Chief Executive Officer Pete Lirantzis noted that technology has become the foundation of operations, while Interim Head of Finance Tonderai Mendonis highlighted that income growth outpaced expense increases despite ongoing investments.
