An update from Heartland Group Holdings Ltd. ( (DE:73X) ) is now available.
Heartland Group Holdings Limited reported a net profit after tax of $3.6 million for the first half of 2025, reflecting a decrease due to increased impairment expenses and operational costs. Despite these challenges, the company saw strong growth in its reverse mortgage business in both New Zealand and Australia, and made significant progress in transitioning Heartland Bank Australia to a deposit-funded model, which positively impacted its net interest margin. The company remains well-capitalized and expects operating expenses to moderate by the end of the fiscal year 2025.
More about Heartland Group Holdings Ltd.
Heartland Group Holdings Limited operates in the financial services industry, focusing on banking and lending solutions. Its primary products and services include reverse mortgages, rural lending, motor finance, and asset finance, with a market focus on New Zealand and Australia.
YTD Price Performance: -10.77%
Average Trading Volume: 1,054
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €448.9M
For detailed information about 73X stock, go to TipRanks’ Stock Analysis page.