Resimac Group reported a 26% increase in normalized net profit after tax to $49.9 million for the fiscal year ended June 2026, driven by strong home loan growth and improved funding economics.
The non-bank lender’s statutory net profit rose 42% to $49.2 million, while normalized operating profit increased 18% to $92.9 million. Operating income grew 17% to $197.8 million, with operating expenses rising 16% to $104.9 million, partly due to strategic investments in technology and staff. The cost-to-income ratio improved to 53.0% from 53.6% in the prior year.
Home loan settlements advanced 20% to $5.9 billion, with applications up 24% to $9.4 billion. Assets under management reached $14.7 billion at year-end, a 10% increase from $13.4 billion in FY25. Prime settlements totaled $1.7 billion in the second half, compared with $1.0 billion in the first half of FY25. The portfolio remained 57% prime lending, with 53% owner-occupied and 47% investment properties. The weighted average dynamic loan-to-value ratio stood at 62.2%, with 58% of accounts below 60% LVR.
Credit quality remained robust, with prime arrears at 0.41%, well below major bank averages of 0.57% to 1.01%. Non-conforming arrears were 1.24%, below the S&P benchmark of 1.62%. Total loan impairment expense declined 5% to $21.4 million.
The group issued $5.0 billion of residential mortgage-backed securities and $0.5 billion of asset-backed securities, totaling $5.5 billion, a 28% year-over-year increase. Senior margins for prime RMBS improved to 110 basis points, while the group’s net interest margin expanded by 5 basis points to 159 basis points.
Shareholders received a fully franked ordinary dividend of 10.0 cents per share, up 43% from 7.0 cents in FY25, alongside a special dividend of 9.0 cents per share. The payout ratio was set at 80%.
Resimac also published its first Annual Sustainability Report for FY26, aligning with UN Sustainable Development Goals 3, 4, and 13, and reported planting over 46,000 trees through prior partnerships.
