The Helia Group Ltd (ASX: HLI) share price is under the spotlight after the company delivered a half-year net profit after tax of $100.0 million, down 25% from the prior period, on revenue of $215.6 million.
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What did Helia Group Limited report?
- Revenue from ordinary activities: $215.6 million (down 25%)
- Net profit after tax (NPAT): $100.0 million (down 25%)
- Interim dividend declared: 16.0 cents per share, fully franked
- Special dividend declared: 27.0 cents per share, unfranked
- Net tangible assets per security: $3.22 (down from $3.72)
What else do investors need to know?
Helia's result was shaped by lower gross written premiums and a drop in investment revenue compared to last year, reflecting the expiry of key business agreements and softer new business volumes. Although claims incurred remained favourable, the claims benefit was lower than the previous period, resulting in a weaker profit outcome.
Notably, Helia successfully renewed exclusive LMI supply relationships with ING Bank Australia and two other major customers. ING represented 22% of gross written premiums for the half-year, and a new four-year LMI agreement with ING started from 1 July 2026.
The company also announced an extension of its on-market share buy-back program, aiming to repurchase shares up to a maximum value of $75 million by the end of 2026. This follows earlier dividend payments totalling $227.6 million during the first half.
What's next for Helia Group Ltd?
Looking ahead, Helia is focused on maintaining strong capital and customer relationships, especially following key contract renewals. The company's capital ratio remains well above board targets, supporting ongoing returns to shareholders through dividends and buy-backs.
Directors noted that information about likely future developments has not been disclosed due to potential competitive impact, but the group remains dedicated to supporting the Australian mortgage market and pursuing value-adding opportunities.
Helia Group Ltd share price snapshot
The Helia Group share price has had a subdued 12 months, falling around 2.5%. This compares to a 4.4% gain by the S&P/ASX 200 index (ASX: XJO).
