Revenue: net operating income up 8.4% to $155.1m in 1H25
Profit: down 90% to $3.6m
Main takeaway: Australian expansion on track as interest rates begin to normalise.
Heartland Group has posted a 90% drop in net profit for the first half of its 2025 financial year, reflecting the “significantly higher” impairment expense it disclosed to the market earlier this month.
The NZX-listed bank’s reported net profit after tax was $3.6 million in the six months to
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