• Cash NPAT of $105.1 million, up 59% YoY
• Record new credit card spend and loan originations of $9.1 billion, up 10% YoY
• Gross receivables of $7.2 billion, up 7% YoY

Latitude Group Holdings Limited (ASX: LFS) today announced its Full Year 2025 (FY25) results for the 12 months to 31 December 2025, reporting Cash NPAT of $105.1 million, up $39.2 million or 59% year-on-year (YoY), and Statutory NPAT from continuing operations of $94.4 million, up $63.8 million or 208% YoY on FY24. The company reported record new credit card spend and loan originations of $9.1 billion, up 10% YoY, driven by strong demand, effective product and marketing strategies, and resulting market share gains. Gross receivables reached $7.2 billion, up 7% YoY, their highest level in five years. Operating income increased 15% YoY to $839.5 million, with revenue margin up 78bps YoY to 12.12%, reflecting pricing strategy discipline and the benefit of central bank cash rate reductions through FY25. Risk-adjusted income increased 11% YoY to $573.2 million, with net charge-offs of 3.85%, up 52bps and in line with point-in-cycle expectations. Cash operating expenses decreased 3% YoY (excluding FY24 one-off benefits), with productivity gains offsetting higher volumes, resulting in a cash cost-to-income ratio of 43.1%, an improvement of approximately 800bps YoY on a normalised basis. The company further strengthened its funding and liquidity, raising or refinancing $1.5 billion of ABS term debt and $1.5 billion of warehouse facilities, and completed the buyback of ~$11 million of Capital Notes. Latitude expects to continue to benefit from the strategic initiatives implemented over the past 12 months, supporting disciplined growth, subject to prevailing market conditions.

Latitude expects credit performance to remain within targeted ranges, underpinned by disciplined underwriting and active portfolio management, while continuing to reflect macro-economic conditions within its core markets. Strong and sustained profit performance and disciplined balance sheet management are expected to create the capacity to prudently return capital to shareholders.

Latitude expects to continue to benefit from the strategic initiatives implemented over the past 12 months to sharpen its focus on its core consumer segments in Australia and New Zealand. These actions have improved operational focus and are expected to support disciplined growth, subject to prevailing market conditions. Latitude remains focused on optimising yield and returns through the cycle, with ongoing investment in cyber security and advanced technology capabilities, including artificial intelligence, expected to progressively enhance operating leverage over time while supporting resilience, efficiency and improved experiences for customers and partners.