Harmoney Corp Limited (ASX/NZX: HMY) has announced FY22 results with the Company achieving profitability on both a statutory and pro forma Cash NPAT basis.
Revenue for the year was $91 million, up 15% on pcp, with loan originations up 85% on pcp and the group's pro forma loan book reaching $685 million, up 37% on pcp.
As at 30 June 2022, Harmoney was generating positive cash flow from operating activities and holds total cash reserves of $63m, including unrestricted cash of $35m.
The Board of Harmoney has given an outlook for FY23 with a focus on origination growth, loan book growth, net interest margin of greater than 10% and cash NPAT growth.
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