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Heartland Group's net profit surged to NZD 48.8 million in H1 2026, up from NZD 3.6 million, due to better loan quality, higher margins, and strong reverse mortgage growth.
Heartland Group reported a strong financial rebound in the first half of fiscal 2026, with net profit after tax reaching NZD 48.8 million, up from NZD 3.6 million the prior year, driven by improved asset quality, higher net interest margins, and growth in reverse mortgages across New Zealand and Australia.
Underlying return on equity rose 540 basis points to 7.3%, and the company advanced its strategic shift toward higher-quality lending, with non-performing loans declining and non-strategic asset sales exceeding 90% recovery rates.
The group remains on track to meet its full-year profit target of at least NZD 85 million.
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El beneficio neto de Heartland Group aumentó a 48.8 millones de NZD en el primer semestre de 2026, frente a los 3.6 millones de NZD, debido a una mejor calidad de los préstamos, mayores márgenes y un fuerte crecimiento de las hipotecas inversas.