The Judo Capital Holdings Ltd (ASX: JDO) share price is in focus after the bank reported a 24% lift in statutory net profit after tax (NPAT) to $86.4 million and 16% growth in its loan book to $12.5 billion for FY25.
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What did Judo Capital report?
- Statutory NPAT: $86.4 million, up 24% year-on-year
- Underlying profit before tax: $125.6 million, up 14%
- Gross loans and advances: $12.5 billion, up 16%
- Deposits: $9.9 billion, up 20%
- Net interest margin (NIM): 2.93% for FY25; 3.04% in 2H25, above guidance
- Common Equity Tier 1 (CET1) ratio: 13.1%, down from 14.7% in FY24
What else happened in FY25?
Judo Bank expanded its footprint to 31 locations, establishing 10 new sites during the year. The team grew to 557, including 161 relationship bankers, supporting more than 4,600 customers. The bank's customer satisfaction remained high, with a Net Promoter Score of +53 for its lending services.
Judo also completed a significant technology upgrade, moving to new enterprise-grade systems designed for long-term growth. Deposits grew strongly, particularly in direct retail channels, while wholesale funding strategies were optimised to provide added flexibility and help fund lending.
Despite a tough environment, credit quality stayed broadly stable. Past due and impaired assets were 2.43% of gross loans, only slightly higher than last year. The bank continued to invest in technology, people, and regional expansion to underpin future growth.
What did Judo Capital management say?
Commenting on the result, CEO and Managing Director Chris Bayliss said:
Judo has delivered another solid set of results for FY25, while achieving several major operational milestones that will allow us to continue to successfully execute our strategy in FY26 and beyond. … We are now set to deliver significant operating leverage from our investments in systems and people, alongside a genuine value proposition that is hard to replicate and is clearly resonating with our customers. … We are excited about the year ahead. Together with my deeply experienced executive team, we are energised and focused on executing our strategy, as we continue building a world class SME business bank.
What's next for Judo Capital?
Judo Bank is guiding for further strong growth in FY26, with profit before tax forecast between $180 million and $190 million. The bank expects to grow its lending to between $14.2–$14.7 billion while maintaining disciplined cost management and launching new deposit products to improve funding flexibility and costs.
Management says the main focus for FY26 is optimising the business after recent technology upgrades. They plan to expand the product suite, support regional growth, and continue delivering operating leverage as the bank scales and invests in customer value.
Judo Capital share price snapshot
Over the past year, the Judo Capital shares have substantially outperformed the market, rising 26% compared to a 12% rise for the S&P/ASX 200 Index (ASX: XJO).
