Harmoney Corp Limited has reported record loan originations and achieved statutory cash NPAT profitability in its 1Q23, ending 30 September 2022.
The company's loan book increased 9% quarter-on-quarter to A$635 million, and its 90+ days arrears rate dropped to 0.40%, compared to the market average of 1.4%.
CEO & Managing Director David Stevens said that Harmoney's consumer-direct marketing technology is world-class, generating over 12,000 new customer accounts per month.
The company has reaffirmed its FY23 outlook, including growth in statutory Cash NPAT profitability.
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