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Resimac Group Limited ( (AU:RMC) ) just unveiled an announcement.
Resimac Group Ltd reported a decrease in its normalised net profit after tax for the first half of 2025, primarily due to increased provisioning in its asset finance business. Despite this, the company experienced a 20% rise in operating profit before impairment expenses, aided by growth in assets under management and disciplined cost control. However, the Group anticipates not meeting the NPAT consensus for FY25 but remains confident in achieving operating profit consensus and leveraging positive momentum in asset settlements.
More about Resimac Group Limited
Resimac Group Ltd is a prominent non-bank lender and multi-channel distribution business, focusing on originating, servicing, and funding residential mortgages and asset finance products. The company operates in Australia, New Zealand, and the Philippines, with a customer base exceeding 55,000 and managing assets worth over $14 billion.
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €245.5M
See more data about RMC stock on TipRanks’ Stock Analysis page.
