Latest Pepper Money (ASX:PPM) News

Gold exposure was sold hard, while a lender and a legal-finance group caught steady buying. Dividends, buy-backs and new bank-style hybrids did the heavy lifting for sentiment.

Pepper Money has ended talks with Challenger Limited over a $2.25 per share acquisition proposal, citing execution concerns, while reporting robust early 2026 growth and confirming a fully franked dividend.

Payments and lending names wore the biggest swings as investors reacted to a large placement, a takeover repricing, and a governance brawl. Deal terms, disclosure quality, and access to funding mattered more than “big picture” talk this week.

Challenger Limited has lowered its non-binding offer to acquire Pepper Money Limited, citing tougher market conditions. The revised price now stands at A$2.25 per share, down from A$2.60.

Deal headlines and big drill hits shared the stage with a brutal sell-off in a handful of tiny raisings. The week’s biggest winners were backed by clear news; the biggest losers showed what happens when buyers vanish after a halt.

Big gains hit wealth platforms while Zip swung the other way as early optimism didn’t stick. Dividends and buy-backs kept coming, but investors still punished stocks where the next step looks unclear.

Pepper Money Limited reported a record-breaking 2025 financial year, driven by strong growth in originations and assets under management, alongside enhanced ESG reporting and a significant acquisition proposal.

Takeover chatter lit up Pepper Money, while Identitii ran hard after a regulator stepped in. At the other end, AMP slid despite higher profit, as investors weighed leadership change and legal costs.

Pepper Money has received a non-binding indicative proposal from Challenger and Pepper Group to acquire 100% of its shares at $2.60 each, sparking exclusivity talks and due diligence.

Pepper Money and KKR have agreed to acquire Westpac’s RAMS home loan portfolio, marking a significant move in Australia’s mortgage servicing landscape. The $21.4 billion portfolio acquisition aligns with Pepper Money’s strategy to expand its capital-light servicing business.

Pepper Money has confirmed preliminary negotiations as part of a consortium aiming to acquire Westpac's RAMS portfolio, though no deal is assured.

Pepper Money Limited reported a solid half-year performance with a 2% rise in net profit after tax and record assets under management of $20.1 billion. The company declared a 6.4 cent interim dividend, reflecting disciplined cost control and a positive outlook.