Humm Group FY24 Financial Results Briefing

Humm Group Releases Financial Results for FY24

Humm Group released its financial results for the year ended 30 June 2023, providing a detailed overview of the company's financial performance and strategic progress.

Key Financial Highlights:

• Revenue increased by 7% to $1.2 billion
• Net profit after tax decreased by 12% to $148 million
• Credit impairment charges increased significantly due to higher delinquencies

Strategic Progress:

In FY23, Humm made significant progress in executing its strategy to streamline operations and reduce costs, including:

• Completion of the sale of its New Zealand operations
• Closure of underperforming business lines
• Implementation of cost-cutting initiatives

Outlook:

The company remains cautiously optimistic about the future despite ongoing economic uncertainties, and is focused on improving profitability and managing risk.

Shareholder Communications:

Due to recent legislative changes, Humm shareholders now have new options for receiving communications. Shareholders can choose to receive communications electronically or in physical form.

Additional Information:

To access the full financial results, please visit Humm Group's investor relations website.

For more information on Humm Group, please visit its official website.