Heartland Group Holdings Ltd (ASX:HGH)

Half Year 2026 Heartland Group Holdings Ltd Earnings Call Transcript

Feb 25, 2026 / 09:30 PM GMT

Release Date Price: A$1.06 (+0.47%)

Transcript

Key Points

Positve

Heartland Group Holdings Ltd (ASX:HGH) reported a strong turnaround in net profit after tax for the first half of 2026, reaching $48.8 million.
The company achieved an underlying return on equity increase of 540 basis points to 7.3%, indicating improved profitability.
Average net interest margin expanded by 51 basis points to 3.92%, benefiting from favorable deposit market conditions.
Significant improvement in asset quality metrics, with a reduction in the impairment expense ratio to 0.35%.
Reverse mortgages showed strong growth, with annualized growth rates of over 15% in New Zealand and around 19% in Australia.

Negative

Operating expenses increased by $3.6 million, including $1.9 million in restructuring costs.
There was a retraction in motor and business finance portfolios, reflecting a strategic shift to higher quality assets.
The cost-to-income ratio increased slightly to 54.6%, indicating higher operational costs relative to income.
The company faces challenges in the business finance sector, with continued difficult trading conditions in industries like transport and construction.
The technology investment programs are expected to cost up to $17 million over three years, impacting short-term financials.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HGH.NZ - Heartland Group Holdings Ltd
Half Year 2026 Heartland Group Holdings Ltd Earnings Call
Feb 25, 2026 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by and welcome to the Heartland Group 1H26 half year results call. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. If you wish to ask a question, you will need to press the star key, followed by the number 1 on your telephone keypad. I would now like to hand the call over to Mr. Andrew Dixon, CEO Heartland Group. Please go ahead.

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Unidentified_2 [2]
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Thank you, and, good morning, everyone. Welcome to the Hartman Group 2026 interim results call.

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