humm Group Limited (ASX: HUM) has announced its results for the financial year ended 30 June 2026, reporting a statutory profit after tax of $15.7 million. The diversified financial services company, which provides instalment plans for businesses and consumers across Australia, New Zealand, Ireland, Canada, and the United Kingdom, also recorded an underlying net profit after tax of $44.2 million, adjusted for non-cash and irregular items. This outcome demonstrates resilient earnings despite a challenging operating environment.
The company’s average assets under management (AUM) remained flat at $5.2 billion on pcp, with Commercial AUM growing 5.1% to $3.3 billion. Consumer average net receivables, however, declined 7.8% to $1.9 billion, influenced by the PosPP Australia transition and currency effects. hummgroup’s Net Interest Margin (NIM) improved 10 basis points to 5.5%, driven by favourable portfolio mix changes and the shift from humm Classic to hummloan. Credit quality remained resilient, with net loss to average net receivables increasing 20 basis points to 2.0%.
hummgroup Chief Executive Officer and Managing Director Angelo Demasi acknowledged the year’s macroeconomic pressures and “extraordinary level of corporate activity,” crediting the group’s disciplined execution. Mr Demasi noted that significant legacy and corporate matters, including Forum Finance litigation and various regulatory proceedings, are now largely concluded, allowing management to redirect focus. The Board determined total FY26 dividends of 2.00 cents per share, fully franked.
Looking to FY27, hummgroup intends to concentrate on its platform transformation, aiming to convert these investments into stronger earnings quality and sustainable shareholder value. The company anticipates creating meaningful scale in its consumer portfolios, accelerating AI adoption, and simplifying processes. With legacy issues largely resolved and extended funding capacity, hummgroup is positioned for more efficient, scalable, and growth-oriented operations.
