Half Year 2025 Pepper Money Ltd Earnings Call Transcript

Aug 20, 2025 / 12:00 AM GMT

Release Date Price: A$2.1 (+5.53%)

Transcript

Key Points

Positve

Total originations grew by 38% year-over-year to $4.5 billion, with mortgage originations increasing by 53%.
Asset finance originations rose by 19%, contributing to a record total assets under management of $20.1 billion.
Net profit after tax increased by 2% year-over-year to $47 million, supported by strong originations and cost management.
The company declared a fully franked special dividend of $12.05 per share, reflecting a strong capital management strategy.
Pepper Money Ltd (ASX:PPM) achieved significant efficiency gains, with productivity in originations and settlements improving substantially.

Negative

Net interest margin for mortgages compressed by 9 basis points year-over-year due to product mix and pricing strategies.
Loan loss provisions increased by $3.9 million compared to the previous year, reflecting higher provisions in asset finance.
Total operating income was marginally down by 1% year-over-year, partly due to shifts in income from net interest to other operating income.
The company experienced high attrition in its New Zealand mortgage portfolio, impacting overall mortgage AUM.
Technology expenses increased by 15% year-over-year, reflecting a shift from capitalized to operational expenses.

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

PPM.AX - Pepper Money Ltd
Half Year 2025 Pepper Money Ltd Earnings Call
Aug 21, 2025 / 12:00AM 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 Pepper Money Limited 2025 half year results presentation. 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 one on your telephone keypad. I would now like to hand the conference over to Mr. Gordon Livingston.

Investor relations at Pepper Money.

Please go ahead.

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Unidentified_2 [2]
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Good morning everyone and welcome to Peppa Money Limited's

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