• Statutory NPAT from continuing operations up 341% YoY
• Cash NPAT up 69% YoY
• Dividend of 4.00 cents per share unfranked

Latitude Group Holdings Limited (ASX: LFS) today announced its First Half 2025 results for the six months to 30 June 2025, reporting strong profit growth. Statutory NPAT from continuing operations was $39.7m, up $30.7m or 341% on 1H24, while Cash NPAT was $46.2m, up $18.8m or 69% year-over-year. The company also declared an unfranked dividend of 4.00 cents per share. Key highlights include: total new volumes of $4.2bn, up 12% year-over-year; gross receivables of $7.0bn, up 9% year-over-year; operating income of $408 million, up 19% year-over-year; and risk adjusted income of $278 million, up 20% year-over-year. The company continued to enhance its product value propositions, add new partnerships, and invest in growth and new capabilities. Managing Director and CEO Bob Belan stated that the result is a positive step forward as the company stays focused on its strategy, simplifying the business, delivering on commercial and operational fundamentals, and growing in segments where it is strongest.

Latitude expects the positive trend to continue in the second half of FY2025, with further central bank cash rate reductions expected to lift consumer sentiment and consumption, supporting demand across its core products and segments. The company also expects credit losses to remain in line with its target operating range, delivering sound risk adjusted returns, and revenue yield upside through funding and pricing discipline, partially offset by elevated competitive activity and pricing pressure.

Latitude will continue to surgically invest in new products, digital channels, customer experience, cyber defence, AI and other world-class capabilities to drive profitable growth, which the company sees as essential to delivering sustained market outperformance over the long-term. The company's strengthening profitability, resilient balance sheet and healthy TER ratio position it to pursue strategic growth opportunities, while maintaining the flexibility to return capital to shareholders.