Judo’s Loan Book Hits $13.4 Billion, Profit Guidance Up 50% for FY26
Judo Capital Holdings reports robust loan book expansion reaching $13.4 billion by December 2025, reaffirming its FY26 growth and profit targets amid strong SME demand.
- Loan book reaches approximately $13.4 billion as of December 2025
- Strong first-half FY26 loan growth aligned with company guidance
- FY26 gross loans and advances forecast between $14.2 billion and $14.7 billion
- Profit before tax guidance raised to $180 million–$190 million, up from $125.6 million in FY25
- Focus on sustainable lending growth and operating leverage
Judo’s Loan Book Momentum
Judo Capital Holdings Limited (ASX:JDO) has delivered a solid update on its loan book performance as of 31 December 2025, reporting an unaudited gross loans and advances balance of approximately $13.4 billion. This milestone reflects strong momentum in the first half of FY26, driven by the bank’s relationship-focused approach targeting small and medium enterprises (SMEs).
CEO Chris Bayliss highlighted that the company’s value proposition continues to resonate well with SME customers, underpinning the robust loan growth. While monthly lending volumes have shown some variability, Judo remains committed to managing growth prudently to maintain sustainable economics.
Guidance and Profit Outlook
Judo reaffirmed its FY26 guidance for gross loans and advances to land between $14.2 billion and $14.7 billion, suggesting a steady ramp-up in lending activity through the remainder of the financial year. Alongside this, the company reiterated its profit before tax forecast of $180 million to $190 million, a significant increase from the $125.6 million recorded in FY25.
The anticipated profit growth is expected to be supported by operating leverage, as Judo scales its business while controlling costs. This leverage effect is a key focus for the bank as it balances expansion with profitability.
Looking Ahead
Investors will be watching closely for Judo’s half-year results due on 17 February 2026, which will provide greater clarity on the company’s ability to convert its loan growth into earnings. The update also positions Judo well within a competitive SME lending market, where relationship banking remains a critical differentiator.
While the loan book figures are currently unaudited and monthly growth rates fluctuate, the company’s reaffirmed guidance and strategic focus suggest confidence in sustaining its growth trajectory.
Bottom Line?
Judo’s strong loan growth and profit guidance set the stage for a pivotal FY26, with upcoming results poised to confirm its momentum.
Questions in the middle?
- How will Judo manage credit risk amid rapid SME loan growth?
- What impact will competitive pressures have on Judo’s lending margins?
- Can Judo sustain its operating leverage gains as it scales further?
