Latest Humm (ASX:HUM) News

hummgroup has agreed to limited due diligence with The Abercrombie Group following a $0.58 per share non-binding proposal, aiming to clarify a potential binding offer by mid-September.

humm Group has granted The Abercrombie Group limited access for due diligence following a $0.58 per share indicative acquisition proposal, signaling a cautious but significant step forward in potential ownership change.

The Abercrombie Group, led by hummgroup’s Board Chair, has tabled a non-binding $0.58 per share offer to acquire the remaining shares of hummgroup, signaling a potential ownership shift at a premium to market price.

Humm Group reported a solid 10% increase in assets under management to $5.3 billion for 3Q25, maintaining stable margins while advancing a new hybrid loan product and IT platform modernization.

hummgroup announces the resignation of CEO Stuart Grimshaw for personal reasons, with Angelo Demasi appointed as his immediate successor to lead the company’s next growth phase.

hummgroup reports a remarkable 119% surge in half-year cash profit, driven by strong asset growth and operational efficiencies, while preparing to launch a new hybrid loan product in Australia.

Humm Group Limited has reported a remarkable 119% increase in cash profit after tax for the half-year ended December 31, 2024, alongside improved capital efficiency and reduced operating expenses. The company declared a fully franked interim dividend, underscoring its strengthened financial position.

humm Group Limited has reported a strong turnaround with a $27.3 million net profit for the half-year ended December 2024, reversing last year’s loss and announcing a higher fully franked interim dividend.