Latest Financial Services News

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Challenger Limited has reported a robust first half of FY25, with a 12% increase in normalized NPAT and significant strides in annuity sales and technology modernization, positioning the company for sustained growth.
Claire Turing
Claire Turing
18 Feb 2025
Challenger Limited posted a robust first half of FY25, with normalised net profit after tax rising 12% to $225 million, underpinned by strong Life and Funds Management segments despite softer annuity sales. The company maintains a confident outlook for FY25, forecasting further profit growth.
Claire Turing
Claire Turing
18 Feb 2025
Challenger Limited reported a robust 12% increase in normalized NPAT to $225 million for 1H25, underpinned by strong earnings, dividend growth, and strategic investments in technology and distribution channels.
Claire Turing
Claire Turing
18 Feb 2025
Challenger Limited reported a robust first half of FY25, delivering a 12% rise in normalised net profit after tax and record annuity sales, underpinned by strategic technology investments and longer tenor products.
Claire Turing
Claire Turing
18 Feb 2025
Challenger Limited reported a robust 28% increase in statutory net profit after tax to $72 million for 1H25, alongside a 12% rise in normalised net profit and a higher interim dividend. Despite a 12% decline in total life sales, the company’s assets under management grew 12% to $131 billion, reflecting strong operational momentum.
Claire Turing
Claire Turing
18 Feb 2025
Challenger Limited has announced a fully franked ordinary dividend of AUD 0.145 per share for the six months ending December 2024, payable in March 2025. The company’s Dividend Reinvestment Plan remains active, offering shareholders flexibility in managing their returns.
Claire Turing
Claire Turing
18 Feb 2025
Challenger Limited has reported a robust first half for the 2025 financial year, with net profit after tax climbing 28.2% and an 11.5% increase in its interim dividend, signaling strong momentum in its financial services operations.
Claire Turing
Claire Turing
18 Feb 2025
Heartland Group Holdings reports a sharp rise in impairment expenses to $49.6 million for its New Zealand banking arm, driven by worsening economic conditions. Despite this, the bank remains well capitalised and expects to maintain dividend payments.
Claire Turing
Claire Turing
18 Feb 2025
Turners Automotive Group has raised its FY25 profit guidance to at least NZ$53 million, marking its fifth consecutive record profit despite challenging economic conditions.
Victor Sage
Victor Sage
18 Feb 2025
Judo Capital Holdings Limited has released its Basel III Pillar 3 report for the half year ended December 31, 2024, revealing a robust capital position and detailed credit risk exposures that exceed regulatory transparency requirements.
Claire Turing
Claire Turing
18 Feb 2025
Propell Holdings Limited reported a 75% surge in revenue driven by a rapidly expanding loan book, yet losses more than doubled amid rising impairments. The company is navigating growth challenges while engaging with the ASX on potential delisting.
Claire Turing
Claire Turing
17 Feb 2025
Morphic Ethical Equities Fund Limited reported a robust turnaround with a $2.96 million profit after tax for the half-year ended December 2024, reversing last year’s losses despite no dividends declared.
Claire Turing
Claire Turing
17 Feb 2025