Judo Capital Holdings (ASX:JDO) said net growth for the March quarter was subdued due to seasonality, as well as higher run-off due to the residual impacts of the portfolio management undertaken during the fiscal first half, according to a Friday filing with the Australian bourse.
Net interest margin for the fiscal third quarter was within the targeted range of 2.9% to 3% for the second half of the fiscal year.
As of March 31, 90 days past due and impaired loans were 2.46% of gross loans and advances, a moderate increase compared to 2.3% in December 2024.
It cautioned that growth is expected to be lower than guidance provided at the first half result, citing market uncertainty impacting customers, balancing growth and economics, and the slower initial ramp-up of warehouse lending.
It completed its migration to a new core deposit platform in March.
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