Pepper Money Limited (PPM) Earnings Call Transcripts

Pepper Money Limited's Latest Earnings Call - April 20, 2026

In the first quarter of 2026, Pepper Money Limited reported strong growth in originations and assets under management, signaling a robust start to the fiscal year. The company achieved record originations of $10.3 billion for the full year 2025, with a pro forma net profit after tax of $104.8 million, up 7% year-over-year. Management highlighted a 42% growth in total applications year-over-year, with a 35% increase in originations for Q1 2026 compared to Q1 2025, indicating strong momentum that could positively influence stock performance moving forward.

Reported metrics

Guidance from management

Management expressed confidence in the company's position entering 2026, highlighting strong application and origination growth. However, they acknowledged the potential for ongoing market volatility and inflationary pressures affecting customer behavior.

What management said

We have received four questions from Stephen Mayne. The first is in connection with the external audit, asking, "When did the company last tender the external audit, and when are we next planning to tender the external audit?

Thank you. The second question is on the virtual AGM. "Holding a virtual AGM and requiring participants to access it through a meeting-specific voter access code is less accessible than holding a hybrid AGM where online access is through a shareholder's PIN number, which is the process used at most Computershare, Automic and Link MUFG AGMs with online access. Will you make these changes next year, and can you please ...

What analysts pressed on

Analysts raised concerns about the impact of rising interest rates and inflation on customer demand and credit quality. There were questions regarding the company's preparedness for potential economic downturns and how it plans to manage customer defaults in a challenging environment.

Main topics on the call

• Record Originations and AUM — Pepper Money achieved record originations of $10.3 billion in 2025, contributing to total assets under management (AUM) of $21.8 billion. CEO Mario Rehayem stated, "Our impressive volume growth was achieved without compr...
• Strong Application Growth — Total application growth for the 12 months to March 2026 increased by 42%, with mortgage applications up 47%. Rehayem noted, "Application momentum has converted to strong originations, and for quarter 1, 2026, originatio...
• Improved Net Interest Margin — The total net interest margin (NIM) rose to 2.05% from 1.97% in 2024, aided by improved margins in the asset finance segment. Rehayem mentioned, "Asset finance NIM increased by 31 basis points year-over-year."
• Cost Management Discipline — Pepper Money maintained a disciplined approach to cost management, with total pro forma expenses decreasing to $242 million. This led to an improved cost-to-income ratio of 50.5%, a 4% improvement over the prior period.

Read the full Pepper Money Limited transcript (April 20, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 13 Pepper Money Limited earnings call transcripts on record, spanning January 30, 2020 to April 20, 2026. Based on this history, Pepper Money Limited reports semi-annually. The most recent call on file is dated April 20, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PPM

Exchange

ASX

Country

AU

Sector

Financials

Industry

Financial Services

Calls on record

13

First call

January 30, 2020

Most recent

April 20, 2026

Reporting cadence

semi-annually