• Australia's fastest growing business lender and domestic deposit franchise
• Targeting ROE in the low-to-mid teens at scale
• Disciplined strategy execution delivering 26% PBT growth in 1H26

Judo Capital Holdings Ltd reported strong 1H26 results, with 26% PBT growth and 53% increase compared to 1H25. The company's lending franchise continues to perform, with above-system growth, sustained market-leading NPS, and stable margins. Judo has upgraded its Jun-26 GLA guidance to $14.4bn - $14.7bn, driven by improving productivity more than offsetting attrition. Credit quality is performing in-line with expectations, with 90+DPD and impaired assets at 2.66% of GLA. The company's funding position remains strong, with deposits approaching $11bn and 69% of total funding. Judo is targeting ROE in the low-to-mid teens at scale, supported by its differentiated customer value proposition, growth in all regions, and productivity improvements. The company is focused on enhancing its core business, growing its total addressable market, optimizing funding and capital, and creating new avenues for growth.

Judo expects FY26 GLA of $14.4bn - $14.7bn, NIM at the upper end of 3.00% - 3.10%, CTI below 50%, and COR of 60bps - 65bps of average GLA. The company is targeting PBT of $180m - $190m, implying a low to mid-teens ROE.

Judo is focused on disciplined, targeted growth, banker enablement driving productivity, strengthening its SME lending franchise, and diversifying funding sources and lowering funding costs. The company is exploring options to optimize funding and capital to support growth and further penetrate its total addressable market. Judo is demonstrating clear progress towards its low-to-mid teens ROE target.