• Statutory NPAT from continuing operations of $30.6m, up from a loss of $102.7m in FY23
• Total volume of $8.2bn, up 13% YoY
• New personal and auto loan origination of $1.5bn, up 33% YoY, a new record high

Latitude Group Holdings Limited (ASX: LFS) today announced its Full Year results to 31 December 2024, reporting a statutory NPAT from continuing operations of $30.6m, up from a loss of $102.7m in FY23, and a cash NPAT of $65.9m, up 139% compared to FY23. The company declared an unfranked dividend of 3.00 cents per share. Key highlights include 265,000 new Latitude customer accounts opened, up 22% from the prior year; total volume of $8.2bn, up 13% year-on-year; total purchase volume of $6.7bn, up 10% year-on-year, with the strongest 4Q in company history; new personal and auto loan origination of $1.5bn, up 33% year-on-year, a new record high; total gross receivables of $6.7bn, up 8% year-on-year to the highest level since 1H20; and an operating income margin of 11.3%, up 85bps year-on-year. The company also added major new brand partnerships, extended multi-year agreements with existing partners, and successfully launched new David Jones credit cards. Latitude's balance sheet was further strengthened through $4.3 billion of secured financing raised or refinanced during the year.

Latitude expects continued and sustained profit growth in 2025, with the prospect of more stable macro-economic settings, interest rate easing, and further benefits from pricing actions, funding facility refinancings and central bank rate reductions.

Latitude is confident of continued and sustained profit growth in 2025, supported by more stable macro-economic conditions, the interest rate easing cycle, and further margin expansion from pricing actions, funding facility refinancings and central bank rate reductions. The company will continue to invest in products, channels and innovative technologies to deliver its Path to Full Potential corporate strategy.