Prospa : PGL HY22 Appendix 4D and Half Year Report
February 15, 2022 at 04:19 pm
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Prospa Group Limited
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Appendix 4D
Half-year
Report
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only- usepersonal-
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Company details
Name of entity:
Prospa Group Limited
ABN:
13 625 648 722
Reporting period:
For the half-year ended 31 December 2021
Previous period:
For the half-year ended 31 December 2020
The information contained in the half-year report should be read in conjunction with the Prospa Group Limited ("Prospa", the "Group" or the "Company") annual financial statements for the year ended
30 June 2021.
Results for announcement to the market
Statutory Results summary
31 December
31 December
Change
Change
2021
2020
$'000
$'000
$'000
%
Total income
73,228
52,170
21,058
40%
Profit/(loss) after income tax
attributable to the owners of Prospa
5,395
(3,243)
8,638
266%
Group Limited
Total comprehensive income/(loss)
for the period attributable to the
6,949
(3,191)
10,140
318%
owners of Prospa Group Limited
Net tangible assets
31 December
30 June
2021
2021
Cents
Cents
Net tangible assets per ordinary security
65.29
63.24
Right-of-use assets have been included in the net tangible asset calculation.
Control gained over entities
On 30 August 2021, the Group established a new warehouse structure in New Zealand, the Prospa Kea Series 2021-2, to support the ongoing rapid growth of the New Zealand portfolio. Prospa Group Limited has a 100% interest in the Prospa Kea Series 2021-2.
On 15 September 2021, Prospa established the PROSPArous Trust 2021-1, a $200 million Term Asset‑Backed Security issuance in the public markets, secured on Small Business Loans and Line of Credit products.
Dividends
The Group has not paid nor proposes to pay dividends for the half-year ended 31 December 2021 (year ended 30 June 2021: $nil).
2 Prospa Group Limited
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Details of associates and joint venture entities
The Group has not engaged in the acquisition or disposal of associates, nor has it engaged in any joint ventures for the half-year ended 31 December 2021 or the previous corresponding period.
Review conclusion
This report is based on the financial statements for the half-year ended 31 December 2021.
The financial statements have been subject to review by an independent auditor, and the review is not subject to qualification.
Signed
Greg Moshal
Gail Pemberton AO
Director and Chief Executive Officer
Independent Director and Chairman
15 February 2022
Sydney
Prospa Group Limited Half-year Report 2022 - Appendix 4D 3
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4 Prospa Group Limited
Half Year Report
only31 December 2021
For usepersonal
Prospa Group Limited ACN 625 648 722
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Prospa Group Ltd. published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 21:17:18 UTC.
Prospa Group Ltd is an Australia-based financial technology company. The Company is a provider of cash flow products and services. The Companyâs operations consist primarily of the provision of loans to small businesses in Australia and New Zealand. It facilitates referrals and customer acquisitions from a network of distribution partners, including finance brokers, aggregator networks, online affiliates, accountants and other advisers. The purpose-built credit decision engine (CDE) enables approvals and adoption of dynamic risk-based pricing, where interest rates associated with a facility are based on credit risk assessments for individual customers. Its CDE allows the business to quickly evaluate opportunities and potential risks across the portfolio. Its product suite includes a Small Business Loan and a Line of Credit. The Company has launched Prospa Plus Business Loans, offering higher credit quality for small to medium enterprises (SME).