Pepper Money reported a statutory and pro-forma NPAT of $46.1 million for 1H 2024, with profit pre-provision growing 13% to $108.0 million.
Total originations were $3.3 billion, with mortgages growing 6% and asset finance declining 19% compared to the previous year.
The company's total AUM increased 2% to $19.3 billion, while net interest margin improved to 1.92%.
Despite challenging market conditions, Pepper Money maintained strong credit performance with a loan loss provision coverage of 0.71% and declared a fully franked interim dividend of 5.0 cents per share.
ASX Code: PPM