Highlights

  • Resimac Group (ASX:RMC) is preparing to release its FY26 full-year results on 26 August 2026.
  • The company reported strong first-half profit growth following expansion of its asset finance portfolio.
  • Assets under management increased to A$15.7 billion in HY26.
  • The Westpac auto portfolio Acquisition reshaped Resimac’s lending mix.

Resimac Group (ASX:RMC) continues attracting investor attention ahead of its FY26 full-year results, with the company building on stronger first-half performance following expansion of its asset finance portfolio. The company’s shares were trading at AUD 0.84, up 3.05% on 21 August 2026.

The company’s recent performance has been supported by higher lending volumes, improved margins and the integration of the acquired Westpac auto finance portfolio.

For investors assessing Resimac Group (ASX:RMC), the key areas of focus remain Earnings growth, funding conditions, Credit quality and the performance of its expanded asset finance business.

What is happening with Resimac?

Resimac is a non-bank lender operating across residential mortgages and asset finance.

The company is scheduled to release its FY26 full-year results on 26 August 2026, with investors looking for confirmation that the earnings momentum achieved during the first half continued through the second half.

The company’s recent growth has been influenced by the acquisition of a large Westpac auto Loan and Lease portfolio, which expanded its lending platform and increased exposure to asset finance.

Latest company developments

During the first half of FY26, Resimac reported statutory net profit after tax of A$28.5 million, more than double the previous corresponding period.

Normalised NPAT increased 97% to A$29.6 million, while operating profit before Impairment and tax increased 44% to A$51.7 million.

Assets under management reached A$15.7 billion, increasing 11%.

The residential Mortgage portfolio reached A$13.6 billion, up 5%, while Resimac-originated asset finance increased 25% to A$1.5 billion.

The integration of approximately 100,000 Westpac auto customers significantly expanded the company’s asset finance exposure.

Resimac declared a fully franked Interim Dividend of 4 cents per share, up 14%, along with a Special Dividend of 9 cents per share.

Total first-half distributions amounted to 13 cents per share.

The company also completed A$3.2 billion equivalent of residential mortgage-backed and asset-backed securities issuance, supporting continued access to wholesale funding markets.

What do the numbers say?

Resimac’s first-half results highlighted improving profitability and stronger lending scale.

Net interest income increased 26% to A$99.6 million, while net interest Margin expanded by 15 basis points to 163 basis points.

The improved margin reflects stronger lending spreads and the contribution from the expanded asset finance portfolio.

The cost-to-income ratio improved by 310 basis points to 50%, despite operating costs increasing 24%.

Total settlements reached A$3.1 billion, increasing 11%, highlighting continued lending activity.

The special dividend reflected confidence in Capital generation, although investors will assess whether similar Shareholder returns can continue.

The key area to monitor remains credit quality, particularly as the higher-yielding asset finance portfolio becomes a larger part of the overall business.

What could drive the shares from here?

The FY26 results scheduled for 26 August 2026 represent the next key milestone for Resimac Group (ASX:RMC).

Investors will focus on full-year profit, net interest margin trends, arrears performance and the sustainability of capital returns.

Continued growth in asset finance lending could provide further support to margins and earnings.

A stable funding environment and continued access to securitisation markets remain important for the company’s lending model.

Improved mortgage settlement activity and favourable interest-rate conditions could also support future growth.

Successful integration of the Westpac auto portfolio will remain a key operational measure.

Risks investors should watch

Funding market conditions remain a major consideration for Resimac, as widening securitisation spreads could affect lending margins.

Credit quality is another key risk, particularly as the company has increased exposure to asset finance, which may perform differently from residential mortgages during weaker economic conditions.

Competition across mortgage lending and non-bank finance markets may pressure margins.

The special dividend may not represent a recurring level of shareholder return.

Integration risks remain relevant until the acquired Westpac auto portfolio becomes fully established within the business.

Any slowdown in lending Demand or deterioration in arrears could affect future earnings performance.

Investor takeaway

Resimac Group (ASX:RMC) enters its FY26 reporting period with stronger momentum following significant growth in asset finance, improved margins and higher profitability.

The company has expanded its lending platform while maintaining access to wholesale funding markets and improving operational efficiency.

The key factors ahead include FY26 earnings performance, credit quality trends, net interest margin sustainability, funding conditions and future capital returns.