• Net profit after tax up 37.8% to $133.7 million
• Regulatory capital well above target range
• Interim and special dividends declared

Helia Group Limited has reported a strong result for the half year ended 30 June 2025, with net profit after tax increasing 37.8% to $133.7 million compared to the prior corresponding period. This was primarily driven by significantly higher investment revenue and continuing benign claims experience. Insurance revenue decreased to $182.2 million, reflecting lower levels of gross written premium in recent years, but premiums received increased to $120.6 million due to higher levels of industry new housing loans above an 80% loan-to-value ratio. The company's regulatory capital position remains strong, with the Prescribed Capital Amount (PCA) ratio at 2.30 times and the Common Equity Tier 1 (CET1) ratio at 2.04 times, well above the board's target capital range of 1.40 to 1.60 times PCA. The board has commenced a comprehensive business review in response to the expected loss of new business from two significant customers, Commonwealth Bank of Australia and ING Bank Australia, as well as the broader impact of changes to the government's Home Guarantee Scheme. On 22 August 2025, the directors declared an interim dividend of 16 cents per share and a special dividend of 27 cents per share, to be paid on 16 September 2025.

The company expects to continue generating premium from Commonwealth Bank of Australia until the end of 2025 and from ING Bank Australia until 30 June 2026, subject to a right to terminate earlier with 3-months' notice. The financial impact of ceasing to write new business from these customers, as well as any potential additional impacts from an expanded Federal Government Home Guarantee Scheme, will emerge gradually over the next 15 years.

Helia Group Limited will continue to generate premium from its existing customer contracts, and the board has commenced a comprehensive business review to consider the company's response to the expected loss of new business from two significant customers and the broader impact of changes to the government's Home Guarantee Scheme.