Solvar Ltd (ASX:SVR)

Full Year 2026 Solvar Ltd Earnings Call Transcript

Aug 18, 2026 / 01:00 AM GMT

Release Date Price: A$1.72 (+7.84%)

Transcript

Key Points

Positve

Solvar Ltd (ASX:SVR) delivered on its profit guidance, with normalised NPAT of $36.1 million and EPS growth of 14.7%.
The Australian loan book returned to growth, closing at $920 million, with strong momentum continuing into July and August.
The company successfully reduced its New Zealand exposure, selling the post write-off loan book for $9.4 million and shrinking the remaining book to ~$33 million.
Commercial operations, powered by Benji, are growing strongly, writing ~$10 million per month and driving the group towards a $1 billion loan book by Christmas.
Solvar Ltd (ASX:SVR) has re-established funding as an advantage with over $400 million in available capacity, supporting future growth without needing additional capital.
Cash collections were strong, and portfolio quality improved, with strong/good part of the book increasing from 77% to 81%.

Negative

Australian bad debts were at the upper end of the target range at 4.4%, reflecting ongoing cost-of-living pressures on consumers.
Return on equity remains below desired levels, partly due to a large amount of surplus cash on the balance sheet.
The company faced challenges with a software rollout at AFS, which caused the loan book to go backwards in the first four months of FY26.
Interest income declined due to the contraction of the New Zealand loan book, though it has now hit a trough.
The company incurred one-off costs related to the ASIC matter, FX losses from repatriating New Zealand funds, and Benji setup costs, which were normalized out of earnings.
Net tangible assets per share decreased slightly to $1.66 due to special dividends and share buybacks.

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

SVR.AX - Solvar Ltd
Full Year 2026 Solvar Ltd Earnings Call
Aug 19, 2026 / 01:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Solver's FY26 results webinar. From the company today, we have the managing director and CEO, Scott Baldwin on the left and Siva Subramani, the company's CFO on the right. Before I hand it over to Scott to go through the presentation up on the screen, I'll just remind you that analysts can raise their hand and ask questions audibly or alternatively for others, you can submit a question through the Q&A button at the bottom of your Zoom screen. But with that, Scott, I'll hand it over to you.

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Unidentified_2 [2]
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Thank you, Simon, and

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