Resimac Group Limited FY24 Trading Update

Resimac Group Limited (ASX: RMC) has reported a strong performance for FY24: Total settlements for FY24 reached AU$5.1 billion, a significant increase from AU$4.2 billion in FY23. This included AU$ 4.3 billion in Home Loan settlements and AU$ 0.8 billion in Asset Finance settlements. As of 30 June 2024, the Assets Under Management closed at AU$14.0 billion, showing growth from the previous year. The Home Loans AUM stood at AU$12.9billion, and the Asset Finance AUM at AU$1.1billion.

The company's strong credit quality is evident in its maintenance of low arrears and hardships across all product segments, providing reassurance to stakeholders. Overall, Resimac Group Limited's performance in FY24 signifies strong growth and resilience in the face of challenges, positioning the company for further success in the future.

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