Financial performance

Mortgage Choice was listed on the Australian Stock Exchange in August 2004 (ASX sign: MOC). In September 2013 we were also added to the S&P/ASX 300 Index.

Financial highlights for the 12 months to 30 June 2016

  • IFRS total group revenue grew to $102.3 million, up 5.4% on 1H15.
  • NPAT on a cash basis was $20.5 million for FY16 – up 10.7%  on FY15;
  • Mortgage Choice’s core broking business recorded its best ever settlement result, with settlements totalling $12.2 billion - up 6.3%  on FY15;
  • Mortgage Choice’s loan book pushed through the $50 billion milestone, growing to $51.7 billion, up 4.4%  on FY15;
  • Financial Planning Gross Profit up 38% from FY15;
  • Funds Under Advice and Premiums In Force both rose significantly throughout FY16, up 19% and 28% respectively to $332.1 million and $19.2 million;
  • A fully franked final dividend of 8.5 cents per share was declared by the Board. Total dividend for the year was 16.5 cents per share – a new high for the Company and an increase of 1 cent on FY15.
  • Franchisee revenue growth up 7% from FY15;
  • Strong network growth, with more than 600 credit representatives in the field for the first time;
  • 10.3% of revenue generated from services other than mortgage lending.

Annual financial summaries