Judo Capital shares rise after reaffirming guidance
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The news: Judo Capital’s share price rose after it told an investor day conference it is on track to meet its revised guidance for financial year 2025 and is entering the final phase of its growth strategy.
The numbers: Judo’s share price was up 4% to $1.44 at 12:02pm AEST after reiterating the FY25 guidance it released in May.
The context: On 1 May, the bank downgraded its guidance amid significant operating environment volatility. Judo expects its general ledger account to be between $12.4 billion and $12.6 billion at 30 June, down from a previous range of $12.7 billion and $13 billion.
At the time, Judo also said it was targeting a net interest margin in 2H25 at the upper end of 2.9% to 3%. Judo also said it was targeting FY25 profit before tax growth of 15% when compared to the previous year.
Ahead of the investor day, Judo Capital CEO Chris Bayliss said the bank has completed the second phase of scaling the bank, and is entering its third and final “horizon of growth”, optimisation of the bank.
The source: ASX
