Judo FY25 Result ASX Announcement
| Stock | Judo Capital Holdings Ltd (JDO.ASX) |
|---|---|
| Release Time | 19 Aug 2025, 7:30 a.m. |
| Price Sensitive | Yes |
Judo FY25 Result Announcement
- Statutory NPAT up 24% to $86.4m
- Underlying PBT up 14% to $125.6m
- Gross loans and advances grew 16% to $12.5bn
Judo Capital Holdings Limited (ASX:JDO) ('Judo Bank', 'Judo' or 'Bank') today reported strong financial and operating performance for the full year ended 30 June 2025. The bank's statutory net profit after tax (NPAT) increased by 24% to $86.4m, while underlying profit before tax (PBT) grew by 14% to $125.6m. This result was supported by continued scaling of the loan book, net interest margin (NIM) improvement throughout the year, and prudent cost management. Judo's lending book grew 16% to end the year at $12.5bn, representing nearly two times system growth. The bank's award-winning deposit franchise finished the year close to $10bn, driven by a $1.4bn increase in direct retail balances. Despite uncertainty in the economic environment, the arrears ratio remained broadly stable. Judo established 10 new locations during the year, growing the team to 557 members, including 161 highly engaged relationship bankers and 66 analysts, serving 4,621 customers in 31 locations across Australia. The bank continues to hold a sector-leading Net Promoter Score of +53 for its lending proposition. With a CET1 capital ratio of 13.1%, Judo maintains a strong capital position for continued lending growth.
Judo has provided FY26 guidance, including strong lending growth to continue, with GLA expected to be in the range of $14.2bn - $14.7bn. NIM is expected to be 3.00% - 3.10%, with 1H26 NIM around 3.0% and 2H26 NIM around 3.1%. The cost-to-income ratio is expected to improve in FY26 compared to FY25. Profit before tax is expected to be in the range of $180m - $190m.
The Australian economy is in the early stages of recovery, with business confidence starting to improve at the beginning of FY26 and demand for credit remaining robust. SMEs could potentially benefit from growth in demand and consumption as a result of higher household incomes. Falling interest rates will further boost business and consumer spending, though there remains some degree of uncertainty stemming from global trade policy development.