Latest Credit Quality News

Earlypay Limited reported a 24% rise in underlying net profit after tax for FY25, driven by robust growth in equipment finance and improved credit performance, while declaring a fully franked dividend and forecasting further earnings growth in FY26.

Earlypay Ltd reported a 31% rise in statutory net profit after tax for FY25, driven by growth in equipment finance despite declines in invoice and trade finance. The company declared a fully franked final dividend of 0.65 cents per share and outlined plans to expand its lending portfolios and streamline technology.

Beforepay Group Limited reported a robust 74% jump in net profit for FY25, driven by stronger advance volumes, improved credit quality, and expanding user base. Its AI-powered lending division, Carrington Labs, accelerated growth with new clients and strategic partnerships.

Bendigo and Adelaide Bank has released its June 2025 Basel III Pillar 3 disclosures, revealing a solid Common Equity Tier 1 ratio of 11% and robust liquidity metrics amid evolving risk management strategies.

Bendigo and Adelaide Bank reported a $97.1 million net loss driven by goodwill impairment but maintained a stable dividend and strong customer growth, while unveiling a strategic plan targeting sustainable growth and operational efficiency through 2030.

Liberty Financial Group returned to profit growth in FY25, driven by margin expansion and lower credit impairments, while declaring a generous 52 cent dividend. The company signals optimism for loan origination recovery and portfolio growth in the year ahead.

Latitude Group Holdings Limited reported robust half-year results with record new loan originations, expanding receivables, and improved margins, underpinned by strong operational execution and funding strategies.

BSP Financial Group Limited has reported a robust half-year performance for 1H25, marked by nearly 10% growth in revenue and net profit after tax, alongside a healthy capital position and an increased interim dividend.

BSP Financial Group Limited reported a solid half-year net profit of K572 million for June 2025, supported by steady income growth and prudent credit risk management. The Group also completed a strategic conversion of its Fiji branch into a wholly owned subsidiary, enhancing operational and regulatory alignment.

Pepper Money Limited reported a solid half-year performance with a 2% rise in net profit after tax and record assets under management of $20.1 billion. The company declared a 6.4 cent interim dividend, reflecting disciplined cost control and a positive outlook.

Turners Automotive Group has reported a record FY25 financial performance, with net profit after tax rising 17% to $38.6 million and dividends increasing 14% to 29.0 cents per share, underscoring resilience amid a challenging New Zealand economy.

Harmoney has delivered a robust FY25 performance, exceeding its upgraded profit guidance with strong loan book growth and improved efficiency. The fintech lender projects a remarkable 111% increase in cash NPAT for FY26, driven by its AI-powered Stellare 2.0 platform and strategic expansion plans.