• Strong Q3 lending growth supported by high originations and low attrition
• Deposit franchise continued to perform with DOSA and ISA products
• Prudent provisioning and strong capital position to support lending growth

Judo Capital Holdings Ltd (ASX:JDO) presented at the 2026 Macquarie Australia Conference, highlighting the strong performance of its lending franchise. The company reported strong Q3 lending growth, supported by high originations and low attrition rates. Its deposit franchise also continued to perform well, with the launch of the Direct Online Savings Account (DOSA) in February 2026 and the Intermediated Savings Account (ISA) in October 2025. Judo's blended deposit cost was 74bps in Q3, benefiting from the flow-through of lower-cost term deposits originated in the first half of the year. The company's net interest margin (NIM) was around 3.15% in Q3, in line with its 2H26 NIM guidance. On the credit quality front, Judo's asset quality trend remained stable, with 90+DPD and impaired assets at 2.65% as of March 2026. However, the company increased its expected credit loss (ECL) provision due to ongoing geopolitical uncertainty and increased market volatility, with the collective provision now at 94bps of gross loans and advances (GLA). Judo's capital position remained strong, with a Common Equity Tier 1 (CET1) ratio of 12.6% as of March 2026, unchanged from December 2025. The company reaffirmed its FY26 guidance, including GLA of $14.4bn to $14.7bn, NIM at the upper end of 3.00% to 3.10%, cost-to-income ratio below 50%, and cost of risk between 70bps to 75bps of average GLA.

GLA: $14.4bn - $14.7bn NIM: Upper end of 3.00% - 3.10% CTI: <50% COR: 70bps - 75bps of average GLA PBT: Lower end of $180m - $190m ROE: Low to mid-teens