Harmoney Corp Limited (HMY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Harmony's full year 25 results presentation. I'm David Stevens, the CEO and Managing Director of Harmony today. With me today is Simon Ward, our Chief Financial Officer. Harmony has produced a very strong profit result this financial year, which I'm really looking forward to sharing with you today. This result has been underpinned by the work we have done developing and launching Stellair 2.0 over the past 24 months. This has set us up to capitalise on the huge market opportunity we have in front of us, particularly as interest rates and market conditions continue to improve. We're also upgrading our financial year 26 cash impact guidance to record levels. Now turning to slide two. Today I'll begin with our financial year 25 key highlights, then our financial year 26 profit guidance, and then I'll remind you of Harmony's key differentiators before handing you over to Simon, who'll take you through the financial results in detail. Finally, I'll discuss our outlook, strategic priorities, and highlight the embedded value in our business before responding to your questions. Now turning to slide three, and then onto slide four to highlight our key achievements for financial year 25. This year we achieved a $5.5 million statutory net profit after tax, up $18.7 million on the prior year, driven by our underlying cash NPAT result, with non-cash accounting adjustments netting off to less than $200,000. This was primarily driven by our $5.7 million cash NPAT, which is up over $5 million from the prior year, driven by improvements across all key metrics and our continued loan book growth. As a result, we delivered 16% cash return on equity for the full financial year. Cash return on equity is our cash NPAT for the year divided by our average total equity. F...