Financial results

This area contains documents pertaining to Mortgage Choice's interim and annual financial results. Our most recent full year financial results were announced on 24 August 2017.


FY2018 Annual Financial Results -
21 August 2018


FY2018 full year highlights

Highlights for the 12 months to 30 June 2018

  • Cash NPAT was $23.4 million, up 3.3% on FY2017;
  • Underlying statutory NPAT result was $25.6 million. The final result for FY2018 was $4.2 million due to:
    • $7.1 million positive adjustment to net NPV receivable for changes in run-off and other assumptions;
    • A one-off, non-cash adjustment of $28.5 million due to the new broker remuneration model being introduced; 
  • Core broking business recorded cash NPAT of $22.75 million, up 4% on FY2017;
  • Loan book as at 30 June 2018 was $54.6 billion, up 2.3% on FY2017;
  • Settlements of $11.5 billion were down 7% on FY17;
  • Financial Planning gross revenue was $11.3 million, up 10.4% on FY2017 while net profit grew by 116%;
  • Funds Under Advice rose 37.8% to $733.5 million and Premiums In Force grew 15.1% to $27.8 million;
  • A fully franked final dividend of 9 cents per share was declared by the Board, bringing the total dividend for the year to 18 cents per share.

 

FY2018 half year financial results


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