Heartland FY2026 Results and FY2027 Outlook
Key points
- FY2026 NPAT: $93.2m, up from $38.8m in FY2025
- Underlying ROE increased 286 bps to 7.1%
- Successfully concluded NSA realisation programme
- Proposed merger with TSB expected to close in FY2027
- FY2027 NPAT guidance: at least $102m
Full summary
Heartland Group Holdings Ltd (HGH) announced its financial year 2026 results, reporting a net profit after tax (NPAT) of $93.2 million, up from $38.8 million in FY2025. The company's underlying return on equity (ROE) increased by 286 basis points to 7.1%. Heartland successfully concluded its non-strategic asset (NSA) realisation programme, releasing $31.7 million of capital to fund growth. The company also announced a proposal to merge with TSB, aiming to create a New Zealand challenger bank. Heartland expects NPAT for FY2027 to be at least $102 million, subject to the completion of the merger.
Guidance
NPAT for FY2027 expected to be at least $102 million, excluding transaction costs
Outlook
Heartland aims to grow ROE to at least 7.5% and NPAT to at least $102 million in FY2027, supported by the merger with TSB and technology transformation programmes.
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