• Loan book growth of 9%, with 17% growth in Australia and 5% growth in New Zealand
• Cash NPAT of $6.1m, up 166% year-on-year, surpassing full-year FY25 results
• Cost-to-income ratio of 19%, driven by Stellare® automation platform

Harmoney Corp Ltd, the largest 100% consumer-direct online lender in Australia and New Zealand, has reported strong 1H26 financial results. The company's loan book grew by 9% during the period, with 17% growth in Australia and 5% growth in New Zealand. Harmoney's Cash NPAT for 1H26 was $6.1m, a 166% increase compared to the prior corresponding period and surpassing the full-year FY25 Cash NPAT of $5.7m. The company's Statutory NPAT also grew significantly, reaching $6.1m in 1H26 compared to $5.5m for the full year FY25, representing a 202% increase. Harmoney's cost-to-income ratio remained industry-leading at 19% in 1H26, driven by the continued efficiency and scalability of its Stellare® automation platform. The company's funding position remains strong, with diversified funding from three of the 'Big-4' Australian banks and an established asset-backed securitisation program. Harmoney is well-capitalized for future growth, with unrestricted cash of $24m and warehouse equity of $34m, supporting a loan book of up to $1.5 billion without the need for additional equity raises.

Harmoney has upgraded its FY26 Cash NPAT guidance to $13m, a 128% increase on the prior corresponding period. This guidance is underpinned by an expected year-end loan book of $900m+, a net interest margin of ~10%, and risk-adjusted income of ~6%.

Harmoney is focused on accelerating the growth of its customer flywheel through initiatives such as next-generation AI underwriting, embedded finance partnerships, a mobile app with one-click loan access, and predictive retention models. These initiatives are expected to drive further increases in customer lifetime value and the velocity of the flywheel, supporting continued strong growth and profitability.