Latest Consumer Lending News

Harmoney will continue buying back up to 5% of its issued shares while reaffirming FY27 cash NPAT guidance of $16 million or more. The lender also says potential acquisitions could be funded without an equity raising, although no transaction has been announced.

Beforepay Group reported a 57% jump in cash NPAT to $15.7 million for FY26, driven by strong advances growth and scaling of its Personal Loans product. The company also secured a $100 million credit facility to fuel further expansion.

Turners Automotive Group delivered record FY26 results with a 14% dividend rise, underpinned by strong growth in Auto Retail, Finance, and Insurance despite geopolitical headwinds.

Block, Inc. delivered a robust Q2 2026 with 25% gross profit growth, driven by strong Cash App and Square performances, and raised its full-year guidance reflecting accelerating AI integration and hardware innovation.

Credit Corp delivered a 12% profit rise to a record $105.5 million in FY2026, powered by a 57% surge in US debt buying earnings and a strategic entry into UK consumer lending.

HSBC Bank Australia has agreed to sell its AUD36 billion home and personal loan book to Blackstone-managed funds, marking a significant retreat from retail banking. The deal awaits regulatory approvals and is expected to close in H1 2027.

Turners Automotive Group posted a record $63.2 million normalised NPBT for FY26, beating guidance and declaring a 14% higher dividend as it accelerates branch expansion and ecosystem integration.

Nationwide Building Society reported a 9% rise in underlying profit to £2.026 billion for FY26, driven by market-leading mortgage growth and successful Virgin Money integration, while maintaining robust capital and liquidity positions.

Turners Automotive Group has posted a record $63.2 million normalised NPBT for FY26, advancing its $65 million NPBT target to FY27 and setting sights on $100 million by FY31 amid solid finance and retail momentum.

Block, Inc. reported a robust Q1 2026 with AI-powered productivity gains, strong Cash App and Square growth, and a $5 billion share buyback boost. Despite a GAAP net loss due to restructuring and legal costs, the fintech giant raised its full-year outlook, signaling confidence in its AI-led transformation.

Axtec Limited has sold its PaySure loan book to Real Flow and secured a minority stake in the fintech, marking a strategic shift towards a platform-focused, AI-driven distribution model.

Harmoney has reaffirmed its FY26 cash NPAT guidance of $13 million, propelled by robust loan origination growth, margin improvements, and operational efficiencies from its Stellare® 2.0 platform.