Humm Group Ltd
humm Group Limited is an Australia-based diversified financial services company that provides instalment plans which enable businesses and consumers to make large purchases.
The business
humm Group Limited is an Australia-based diversified financial services company that provides instalment plans which enable businesses and consumers to make large purchases. The Company operates in Australia, New Zealand, Ireland, Canada, and the United Kingdom. Its principal activities include the provision of Commercial Lending in Australia and New Zealand; Point of Sale Payment Plans (PosPP); Australia Cards (humm 90, and Lombard); and New Zealand Cards (including Farmers Finance Card, Farmers Mastercard, Q Card, Q Mastercard and Flight Centre Mastercard). The Company operates through four segments: Commercial and Leasing, New Zealand Cards, Australia Cards, and PosPP. Its Commercial segment consists of Australia and New Zealand Commercial Lending. Its Australia Cards segment includes humm90, and Legacy Lombard. Its PosPP segment includes a consolidation of humm Australia, humm Canada, humm Ireland and humm UK.
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Latest news
Humm Group Consumer Earnings Strengthen in Face of Commercial Headwinds
Humm Group FY26: underlying NPAT $44.2m; Consumer NPAT up 25.8% to $31.2m as NIM rises to 5.5%, offsetting Commercial weakness; final dividend 0.5c, total 2.0c.
Market Wrap: Shares slide after damage to energy facilities
ASX slides after energy facilities damaged, fueling inflation fears; index down 0.8% to 8428.4 as rate hikes priced in, gold and mining stocks lead losses.
hummgroup’s strategic refocus delivers 145% profit surge in FY2024
A business refocus in the second half of the 2024 financial year has helped Australian fintech hummgroup (ASX: HUM) drive solid performance across its operations. Strong growth in receivables balances contributed to a statutory net profit after tax of $7.1 million, representing an increase of 145% on the previous 12-month period, along with a normalised […]
How ASX BNPL stocks fell from grace
If there is one market sector that encapsulates the rapid change in share market sentiment this year, it is the buy now pay later (BNPL) sector. It was one of the few “technology’’ areas that Australia dominated in the long bull market but the sector is now littered with broken deals and extreme share price […]
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