• Total origination volumes reached $8.2 billion, a 13% year-on-year increase
• Cash Profit Before Tax reached $155.2 million and Cash NPAT stood at $65.9 million, a 59% and 139% year-on-year increase respectively
• Latitude declared an unfranked dividend of 3.00 cents per share, equivalent to a 47.4% payout ratio relative to FY24 Cash NPAT

Latitude Group Holdings Ltd reported a strong set of financial results for the year ended 31 December 2024. Total origination volumes reached $8.2 billion, a 13% year-on-year increase, while receivables balances grew to $6.7 billion, an 8% year-on-year rise. The Money division led the way with origination volume of $1.5 billion, up 33% year-on-year, while the Pay division also delivered robust growth, with total purchase volumes up 10% year-on-year to $6.7 billion. Cash Profit Before Tax reached $155.2 million and Cash NPAT stood at $65.9 million, a 59% and 139% year-on-year increase compared to FY23, respectively. The results were driven by growth in receivables, strategic margin management initiatives, and effective cost management. The company's balance sheet remained strong, with the Tangible Equity Ratio closing the year at 7.1%, slightly above the 6-7% target range. This enabled Latitude's Board to declare an unfranked dividend of 3.00 cents per share, equivalent to a 47.4% payout ratio relative to FY24 Cash NPAT of $65.9 million.

Latitude Group Holdings Ltd reported Cash NPAT from continuing operations of $65.9 million for the financial year ended 31 December 2024.