Harmoney Corp (ASX:HMY): Profit Growth, Loan Book Expansion and Buy-Back Activity

Aditi Sarkar

14 September 2026 05:40 PM AEST

Harmoney Corp (ASX:HMY): Profit Growth, Loan Book Expansion and Buy-Back Activity

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Highlights

Harmoney Corp (ASX:HMY) reported net profit of about A$10.2 million for FY2026, roughly double the prior-year result.
Revenue increased to approximately A$145.0 million from A$131.8 million in FY2025.
The company has continued an active on-market share buy-back through the September quarter.
Credit quality, Loan book growth and funding costs remain important areas for Harmoney Corp (ASX:HMY).

Not many ASX-listed lenders of this size have moved from losses to profit while steadily buying back their own stock. Harmoney Corp (ASX:HMY) reported net profit of about A$10.2 million for the year to 30 June 2026, roughly double the prior year, on Revenue near A$145.0 million.

The company has also continued its on-market buy-back through the September quarter. The development of its loan book, Credit performance and pace of Capital returns are among the key areas to monitor.

Recent Development

Harmoney Corp (ASX:HMY) released its FY2026 results, investor presentation, Annual Report and Appendix 4E in late August 2026, having flagged the release a month earlier.

Since then, one of the most frequent items on its disclosure record has been the on-market buy-back. Multiple update notifications were lodged during early September 2026, extending a run of buy-back activity that had continued through the middle of the year.

Company Overview

Harmoney is a consumer-direct personal lender operating across Australia and New Zealand and describes itself as the only fully consumer-direct lender in both markets. Loans are originated online rather than through brokers.

The range covers unsecured personal lending for Debt consolidation, home improvement, vehicles and medical costs, alongside secured car loans. Credit decisions are made on a data-driven basis rather than case-by-case judgement. About 85 full-time staff are employed, roughly half in engineering, data science and product roles, from a base in Sydney. The company listed on the ASX in November 2020.

Recent Developments

The reporting calendar through 2026 ran to schedule. Half-year results were released in February 2026, a third-quarter trading update and investor presentation followed in April 2026, and the company presented at an ASX SMIDcaps conference in March 2026.

A corporate governance statement was lodged in June 2026 and an updated nomination and remuneration committee charter followed in late August 2026.

Financial and Operational Position

Revenue for the year to 30 June 2026 came in at about A$145.0 million, up from A$131.8 million in FY2025 and A$121.7 million in FY2024.

Net profit of roughly A$10.2 million compares with A$5.5 million a year earlier and with losses near A$13.2 million in FY2024 and A$7.6 million in FY2023.

Earnings per share were about 9.9 cents. Harmoney Corp (ASX:HMY) does not currently pay a dividend.

What Investors May Watch Next

The buy-back is the most immediate variable: how long it runs, how much capital it absorbs and whether the current cadence continues.

Beyond that, attention may fall on loan book growth across Australia and New Zealand, the direction of credit losses as the portfolio seasons, and funding costs in a changing interest-rate environment.

First-half FY2027 results, due early in calendar 2027, are the next scheduled financial disclosure of substance.

Risks

Unsecured consumer lending carries direct credit risk, and arrears typically move with Unemployment and household budgets. Harmoney operates across two economies with different cycles and currency translation between them.

Funding is another exposure, with Warehouse and securitisation costs moving alongside wholesale markets. Competition from banks and other non-bank lenders remains persistent. As no Dividend is currently paid, capital allocation through reinvestment and the buy-back also remains relevant to Shareholder outcomes.

Key Takeaways

Harmoney Corp (ASX:HMY) enters FY2027 with a second consecutive profitable year behind it, continued revenue growth and an active on-market buy-back.

The next phase will depend on whether credit quality holds as the loan book develops, whether funding costs remain manageable and whether the improvement in profitability proves sustainable across both Australia and New Zealand.

FAQs

Q: What does Harmoney Corp do?

A:It provides consumer loans in Australia and New Zealand.

Q: What was FY2026 net profit?

A:About A$10.2 million.

Q: What was FY2026 revenue?

A:Approximately A$145.0 million.

Q: Is Harmoney buying back shares?

A:Yes, an on-market buy-back is active.

Q: What is a key risk for Harmoney?

A:Credit losses and funding costs.

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