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Highlights

  • Resimac Group receives a Buy rating from Bell Potter with a price target of $1.00, reflecting a 19.76% upside from current levels.

  • The company declared a fully franked special dividend of 12 cents per share.

  • Resimac is actively addressing ASIC’s proceedings and has implemented customer-focused reforms to improve hardship management processes.

Shares in Resimac Group Ltd (ASX:RMC), a leading Australian non-bank lender, have caught the attention of analysts following a recent valuation update and corporate developments. On 24 June 2025, Bell Potter Securities reaffirmed its Buy recommendation for Resimac, setting a 12-month price target of AUD 1.00 per share. This target represents a 19.76% increase from the current trading price of AUD 0.82.

The positive rating is underpinned by Resimac’s stable operating model, recent capital initiatives, and a favourable return to shareholders. Analyst Marcus Barnard from Bell Potter noted the resilience of the group’s core lending business.

Capital Return via Special Dividend

Resimac recently declared a fully franked special dividend of 12 cents per share, which was paid on 23 June 2025. This move followed a detailed capital review and the sale of non-core ASX-listed financial assets. According to management, these divestments and surplus capital reserves enabled a one-off shareholder distribution without impacting the Group’s FY26 earnings outlook.

The board emphasised that this decision reflects the return of accumulated earnings and franking credits, while preserving capital for strategic initiatives. 

Addressing Regulatory Challenges Proactively

On 21 May 2025, Resimac acknowledged civil penalty proceedings commenced by the Australian Securities and Investments Commission (ASIC) concerning the handling of hardship notices under the National Consumer Credit Protection Act (NCCP Act). The allegations relate to events between January 2022 and February 2024, involving customer service processes for financially vulnerable borrowers.

In response, Resimac issued a public apology and outlined steps taken to improve internal systems. Enhancements include adopting ASIC’s recommendations from Report 782, increasing support for hardship customers, and introducing a Financial Contribution Program to provide refunds for affected customers.

Despite the legal proceedings, analysts believe that the company’s transparent and constructive approach mitigates reputational risks. 

Outlook and Valuation

With a mean analyst price target of AUD 0.96 and a median target of AUD 0.98, Resimac’s valuation outlook aligns closely with Bell Potter’s top-end forecast.