• Cash NPAT of $2.3M, up 350% vs pcp
• Statutory NPAT of $2.0M
• Cash ROE of 13%, targeting 20%+ in 2H25
• Australian new customer originations up 43% driven by Stellare 2.0

Harmoney Corp Ltd (ASX: HMY) has reported its 1H25 results, achieving a Statutory NPAT of $2.0M and Cash NPAT of $2.3M, up 350% on the prior comparative period (1H24). The company's loan book grew by 4% during the half to $783M, with the Australian loan book up 14% and now accounting for 57% of the Group's total. New business Net Interest Margin (NIM) continued at 10% through the half, driving overall loan book NIM to 9%, back within the company's targeted 9-10% range. Loan book credit performance continued to improve, with incurred credit losses declining to 3.7% from 4.2% in the pcp. 90+ day arrears remain low at 0.64%. The successful rollout of Stellare 2.0 in Australia has driven a 43% increase in new customer originations, and the platform is scheduled for rollout in New Zealand during 2H25. Harmoney's high levels of automation continue to drive down its cost to income ratio, which improved to 18% from 21% in 1H24. The company has provided FY25 Cash NPAT guidance of $5M and a FY26 target of $10M+, reflecting the strength of its loan book and operational metrics, as well as the stabilizing economic environment.

FY25 Cash NPAT guidance of $5M and FY26 Cash NPAT target of $10M+.

Harmoney is well-positioned to continue its growth trajectory, with the successful rollout of Stellare 2.0 in Australia driving increased originations and the platform scheduled for deployment in New Zealand during 2H25. The company's strong loan book, improving operational metrics, and stabilizing economic conditions provide a solid foundation for future performance.