Resimac Hitting the Right Buttons for Bell Potter -- Market Talk

Dow Jones
2025/09/02

0036 GMT - Specialist lender Resimac's turnaround in profitability and improved outlook prompt Bell Potter to upgrade its price target by 50% to A$1.50/share. Resimac is rebuilding under new CEO Pete Lirantzis. In March, Resimac completed the acquisition of the A$1.5 billion Westpac Auto portfolio. Resimac's FY 2025 result was better than expected, with normalized net profit of A$39.7 million ahead of Bell Potter's A$29.7 million forecast. Analyst Marcus Barnard says this result was driven by a larger loan book generating more net interest income and unexpectedly low impairments. Bell Potter raises its EPS forecasts for FY 2026 and FY 2027 by 52.5% and 46.0%, respectively. It retains a buy call on Resimac, which is down 0.9% at A$1.06. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

September 01, 2025 20:36 ET (00:36 GMT)

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