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Hot Topic EARNINGS
Investment
2 mins to read

Heartland produces higher profit after lower impairment expense

Reverse mortgages continued to be a winning formula on both sides of the Ditch.

Reverse mortgages provided a boost on both sides of the Tasman.

Key points
  • Revenue: up 13% to $175.3m
  • Profit: up 1252% to $48.8m
  • Main takeaway: Heartland Group where it expected to be with higher net interest margin, profit recovery, and lower impairment expense.

Profits at listed reverse mortgage provider Heartland Group rebounded strongly following a difficult patch last year with significant impairment charges.

Net profit rose to $48.8 million in the six months ended December, compared with $3.6m last year. The previous result was affected by $50.5m in

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Jonathan Mitchell Thu, 26 Feb 2026
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • Revenue: up 13% to $175.3m
  • Profit: up 1252% to $48.8m
  • Main takeaway: Heartland Group where it expected to be with higher net interest margin, profit recovery, and lower impairment expense.
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Heartland produces higher profit after lower impairment expense
Investment,
113075
true