• 3.5c 1H25 dividend fully franked
• Normalised operating profit of $35.9m, up 20% on 2H24
• Continued growth in Home Loan and Asset Finance AUM

Resimac Group Ltd reported its 1H25 results, with key highlights including a 3.5c fully franked dividend, a 20% increase in normalised operating profit to $35.9m, and continued growth in its Home Loan and Asset Finance portfolios. The company's Home Loan AUM grew to $13.0b, up 1% from 2H24, while its Asset Finance AUM increased 9% to $1.2b. Normalised NPAT was $15.0m, down $2.1m from 2H24 due to higher impairment expenses and net write-offs. The cost-to-income ratio improved 480bps to 53.1% on the back of strong expense discipline and higher net interest margins. Resimac also announced the acquisition of Westpac's auto portfolio, which is expected to add around $1.5b to AUM and contribute $6.0m and $12.0m to operating profit in 2H25 and FY26 respectively. The company remains focused on its digital transformation, operational efficiencies, and diversification into Asset Finance to support future growth.

Resimac expects the Westpac auto portfolio acquisition to contribute $6.0m to operating profit in 2H25 and $12.0m in FY26, subject to final portfolio composition and assumptions regarding expected loss experience and collective provisioning.

Resimac is well-positioned to leverage its funding and capital position to support its AUM growth strategy. The company will continue to focus on digital transformation, enhancing the broker and customer experience, developing its talent, and diversifying into Asset Finance through organic growth and potential acquisitions.