Pepper Money Limited

PPM.ASX

Financials

Non-bank lender focused on underserved customer segments, and currently offers three broad categories or products including Mortgages, Asset Finance and Loan and Other Servicing.

Market Data

Price

$1.705

+0.0%
Market Cap

$750.2M

P/E Ratio

7.4x

EPS

$0.226

Div. Yield

15.99%

52-Week Change

-0.2%

Latest Earnings

CY2025 Full Year Results Announcement

19 February 2026

Revenue
$388.80
+1.0% YoY
NPAT
$104.60
+7.0% YoY
Dividend
$0.27

Pepper Money delivered a record-breaking FY2025 with originations surging 47% to $10.3 billion and AUM reaching an all-time high of $21.8 billion. Pro-forma NPAT grew 7% to $104.8 million despite higher loan losses, while the company improved operational efficiency with expenses down 2% and cost-to-income ratio improving to 50.5%. The company returned substantial value to shareholders with total dividends of 26.7 cents per share (121% increase) representing a 16.1% annualized yield. Key points: Record originations of $10.3 billion, up 47% year-on-year across mortgages and asset finance; Total AUM reached record high of $21.8 billion, up 14% from prior year; Net Interest Margin improved 8 basis points to 2.05% despite product mix changes

Recent Announcements

19 Feb 2026 Supplementary Positive

Correction - CY2025 Full Year Results Investor Presentation

Pepper Money corrected a minor error in their CY2025 full year results presentation, with pro-forma profit pre-tax and loan loss expense corrected from $237.4bn to $237.4m. The company delivered strong performance with record originations of $10.3bn (+47% growth) and pro-forma NPAT of $104.8m (+7% growth). Pepper Money has received a non-binding takeover proposal from Challenger Limited at $2.60 per share. Key points: Record originations of $10.3bn, up 47% versus prior year; Strong profit growth with pro-forma NPAT of $104.8m (+7%); Total dividends of 26.7 cents per share, up 123% on prior year

19 Feb 2026 Supplementary Positive

CY2025 Full Year Results Investor Presentation

Pepper Money delivered strong FY2025 results with record originations of $10.3B (+47% vs PCP) and profit pre-tax and loan loss expense of $237.4M (+13% vs PCP). The company announced a total dividend of 26.7cps (+123% vs PCP) and received a non-binding takeover proposal from Challenger Limited at $2.60 per share. Strong capital management enabled significant shareholder returns with $118.6M total dividends paid/payable. Key points: Record originations of $10.3B (+47% vs PCP) with mortgages at $6.8B (+66%) and asset finance at $3.5B (+20%); Total AUM reached $21.8B (+14% vs PCP) with strong growth across all segments; Exceptional dividend returns with total dividends of 26.7cps (+123% vs PCP) including special dividend

19 Feb 2026 Actual Results Positive

CY2025 Full Year Results Announcement

Pepper Money delivered a record-breaking FY2025 with originations surging 47% to $10.3 billion and AUM reaching an all-time high of $21.8 billion. Pro-forma NPAT grew 7% to $104.8 million despite higher loan losses, while the company improved operational efficiency with expenses down 2% and cost-to-income ratio improving to 50.5%. The company returned substantial value to shareholders with total dividends of 26.7 cents per share (121% increase) representing a 16.1% annualized yield. Key points: Record originations of $10.3 billion, up 47% year-on-year across mortgages and asset finance; Total AUM reached record high of $21.8 billion, up 14% from prior year; Net Interest Margin improved 8 basis points to 2.05% despite product mix changes

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