Judo Capital (JDO) AGM 2024 summary
Event summary combining transcript, slides, and related documents.
AGM 2024 summary
9 Jul, 2026Opening remarks and agenda
Acknowledged directors, executive team, auditor, and employees present at the AGM.
Reflected on the challenging economic environment and its impact on small businesses and consumers.
Outlined the meeting agenda, including financial reports and six resolutions.
Financial performance review
Achieved strong financial and operational results, meeting or exceeding all guidance metrics.
Delivered 20% lending growth and AUD 110 million profit before tax on an underlying basis.
Maintained high capital levels, with CET1 at 14.7% as of June 30, 2024, the highest among listed banks.
Successfully transitioned funding mix, repaying AUD 2.8 billion to the RBA.
Loan book reached AUD 11.3 billion by September 2024, with a strong pipeline of over AUD 1.2 billion.
Board and executive committee updates
Smooth CEO transition from Joseph Healy to Chris Bayliss, with board support for the new strategy.
Welcomed new executives: Ros Fornarino as COO and Renee Roberts as CRO.
John Fraser retired as director; plans underway to appoint a new non-executive director with deep banking experience.
Jennifer Douglas and David Hornery stood for re-election, both receiving strong board endorsement.
Latest events from Judo Capital
- FY26 and FY27 PBT expected to grow 30% year-over-year, with strong lending and capital metrics.JDO
Q3 2026 TU - Profit before tax is set to grow 30% in FY26 and FY27 despite higher risk costs.JDO
Status update - Profit before tax up 53% year-over-year, with upgraded guidance and strong loan growth.JDO
H1 2026 - Strong growth, tech upgrades, and all resolutions passed; dividends remain a future goal.JDO
AGM 2025 - Profit up 24% with strong loan growth, margin gains, and positive FY26 outlook.JDO
H2 2025 - Loan book up 20% to $10.7bn, NIM at 2.94%, and 15% profit growth targeted for FY25.JDO
H2 2024 - Targets 15% PBT growth, sector-leading returns, and scalable SME-focused expansion.JDO
Investor Day 2025 - Loan growth guidance lowered amid volatility, but NIM and profit targets reaffirmed.JDO
Q3 2025 TU - Net profit up 70%, strong loan growth, and FY25 guidance reconfirmed for 15% PBT growth.JDO
H1 2025