Morris Financial Performance & Outlook
With the continued progression through FY26, we would like to take this opportunity to sincerely thank you for your ongoing support and contribution to the Morris business. Your investment remains a critical component of our ability to grow, evolve and consistently deliver strong outcomes.
As highlighted in our year-on-year performance, Morris has continued to build positive momentum across all key areas of the business. Demand for our suite of lending products remains strong, performing above budget expectations and reflecting the value of our consistent market approach. While many lenders have adjusted their lending appetite in response to economic conditions, Morris has remained disciplined in delivering competitive and reliable products tailored to our diverse customer base.
This disciplined approach has translated into measurable outcomes, with settlement volumes currently 16.1% above the previous corresponding period (PCP), loans assessed increasing by 12.4%, and the number of loans settled up 6.9%. Strong origination levels have further supported growth, with gross receivables tracking 8.8% above the PCP and the number of active loans sitting 6.2% higher.
Our funding model continues to demonstrate strength through diversification across four key channels, our investors, banking partners, existing clients and company directors. This balanced approach has contributed to a 7.9% increase in investment funds under management, reinforcing the resilience and sustainability of our funding base.
Business performance remains positive, with total revenue tracking 7.6% above the PCP and EBITDA increasing by 4.1%. This growth has enabled Morris to continue investing in the future of the business, including the addition of 17 new staff over the past 12 months. These new team members complement our experienced workforce and support our ability to maintain high service standards. In parallel, our purpose-built loan and investment management platform, M1, continues to evolve with ongoing enhancements designed to further strengthen our industry-leading customer experience.
The continued delivery of strong results is underpinned by a number of core factors that remain central to our strategy:
- Ongoing diversification of our loan book across industries, geographic regions and asset classes to mitigate risk
- A disciplined and consistent approach to lending practices and credit assessment
- Strong relationships with our accredited broker network and loyal client base
- A continued focus on investing in our people, systems and operational capability
- Maintaining a balanced approach between growth and risk management
In an environment where both domestic and global economic conditions remain uncertain, Morris continues to adopt a measured and considered approach. Our experience across multiple economic cycles has reinforced the importance of consistency, adaptability and discipline, ensuring we remain well positioned to navigate future challenges while identifying new opportunities.
As a business, we remain guided by a clear set of principles, remaining capable and reliable, staying grounded in our origins, maintaining a human connection in an increasingly digital world, delivering service that earns respect, and acting with integrity to uphold the trust placed in us.
In conclusion, we regard your investment as integral to our continued success and we thank you for your confidence in Morris. Should you wish to discuss any aspect of your investment or explore further opportunities, please do not hesitate to contact our team.
Yours sincerely,
Nathan Murray
Chief Executive Officer
Morris
