Humm Group Ltd
ASX:HUM
Humm Group Ltd
Humm Group Ltd. operates as a financial services group, which provides financial products through a network of retailers and brokers. The company is headquartered in Sydney, New South Wales and currently employs 730 full-time employees. The company went IPO on 2006-12-12. The Company’s product includes humm, bundll, humm90 and hummpro. humm provides interest-free payment platform with repayment options from 10 weeks up to 60 months. humm offers BNPL category to cover home renovation, veterinary services, dental, optical, furniture expenses and even fertility services. humm is available in Australia, Ireland and New Zealand. humm90 is a Mastercard, which enables long term interest free finance and offers 110 days interest free. hummpro is built for business, which provides access to up to $30,000 with flexible repayment options. Bundll is a BNPL product delivered via the Mastercard network. The company provides mobile digital payment solution available direct from their smartphone. bundll is available in Australia. Its Q Mastercard is a credit card with interest free at its core.
Humm Group Ltd. operates as a financial services group, which provides financial products through a network of retailers and brokers. The company is headquartered in Sydney, New South Wales and currently employs 730 full-time employees. The company went IPO on 2006-12-12. The Company’s product includes humm, bundll, humm90 and hummpro. humm provides interest-free payment platform with repayment options from 10 weeks up to 60 months. humm offers BNPL category to cover home renovation, veterinary services, dental, optical, furniture expenses and even fertility services. humm is available in Australia, Ireland and New Zealand. humm90 is a Mastercard, which enables long term interest free finance and offers 110 days interest free. hummpro is built for business, which provides access to up to $30,000 with flexible repayment options. Bundll is a BNPL product delivered via the Mastercard network. The company provides mobile digital payment solution available direct from their smartphone. bundll is available in Australia. Its Q Mastercard is a credit card with interest free at its core.
Profit: Hummgroup reported statutory profit after tax of $13.9 million for the first half of 2026, up 13% over last half but down 49% on the prior corresponding period due to one-off items last year.
Dividend Increase: The Board approved a fully franked interim dividend of $0.015 per share after repaying perpetual notes, increasing the payout compared to previous years.
Net Interest Margin: Net interest income rose to $134.4 million with portfolio NIM stable at 5.5%, reflecting disciplined pricing and lower funding costs.
Credit Performance: Credit losses remained low at 1.95% of average net receivables, with commercial credit losses peaking and expected to trend lower next half.
International Growth: Humm Ireland delivered strong results (profit up 103% on PCP), while UK volumes grew 56% and interest income doubled, showing early momentum in expansion markets.
Cost Efficiency: The cost-to-income ratio was 57.4%, but would have been in the 52% range excluding irregular items, reflecting continued efficiency improvements.
Technology Investment: Major IT and product platform upgrades are progressing, with cloud migration nearly complete and expected to reduce costs and improve resilience.
Guidance & Outlook: Management expects commercial credit losses to normalize, continued technology investments, and sees positive momentum in volumes and profitability for the second half.
