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MyState MYS.AX · AUD

Financials · ASX · 🇦🇺 Australia

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4.92

-1.40%

Close of 9 Nov 2026, in AUD

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About MyState

Its shares trade on ASX under the ticker MYS.AX. It has been listed since 10 September 2009. In the fiscal year to 30 June 2026, it reported net income of A$56.2m. At that date it held total assets of A$16.10bn and shareholders' equity of A$756.6m.

MyState Ltd. is a holding company, which engages in the provision of diversified financial services. The company is headquartered in Hobart, Tasmania. The company went IPO on 2009-09-10. The firm's segments include Banking Division, Wealth Management Division, and Corporate and Consolidation Division. The Banking Division's product offerings include lending, encompassing home loans, personal, overdraft, line of credit and commercial products; transactional savings accounts and fixed term deposits, and insurance products. The Wealth Management Division is a provider of funds management, financial planning and trustee services. Its banking services include personal, residential and business lending; transactional and Internet banking; insurance and other alliances, and savings and investments. Its trustee services include estate planning; estate and trust administration; power of attorney, and corporate and custodial trustee. Its wealth management services include managed fund investments; financial planning; private client services, and portfolio administration services.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Financials
Industry
Thrifts & Mortgage Finance
Listed since
10 Sept 2009
Employees
292

Leadership

Pay as last reported

  • Mr. Vaughn RichtorIndependent Non-Executive Chairman of the BoardA$236,500
  • Mr. Brett MorganChief Executive Officer, Managing Director, Executive Director, since 2022A$1.1m
  • Mr. Gary DicksonChief Financial OfficerA$545,217
  • Mr. Paul MossChief Operating OfficerA$484,481
  • Ms. Mandakini KhannaChief Risk OfficerA$542,191
  • Mr. Claudio MazzarellaGeneral Manager - Everyday Banking and MarketingA$439,582
  • Mr. Tim NewmanGeneral Manager - LendingA$470,362
  • Mr. Matthew PearsonGeneral Manager - WealthA$362,277
  • Ms. Janelle WhittleGeneral Manager - People, Community and Public AffairsA$431,796
  • Mr. Scott LukianenkoCompany Secretary
  • Ms. Jacqueline KorhonenDirector
  • Ms. Sandra BirkensleighNon-Executive Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
53
Environment
16
Social
64
Governance
79
Direct emissions (scope 1)
38 t
Energy emissions (scope 2)
93 t
Value chain emissions (scope 3)
56,387 t
Women in the workforce
59%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • MyState Ltd has a solid financial position with steady revenue growth and a healthy balance sheet. This allows the company to make strategic investments and pursue new opportunities.
  • The company offers a wide range of financial products and services, including banking, wealth management, and insurance. This diversification helps MyState Ltd capture a larger market share and mitigate risks associated with a single product line.

Weaknesses

  • MyState Ltd operates primarily in certain regions, limiting its potential customer base and growth opportunities compared to national or international competitors with broader geographical coverage.
  • The company heavily relies on interest income as its main revenue source, which makes it vulnerable to fluctuations in interest rates. Any significant changes in interest rates could affect the company's profitability.

Opportunities

  • MyState Ltd has the potential to expand its operations into untapped markets, both domestically and internationally. By identifying and entering new markets, the company can increase its customer base and revenue streams.
  • The increasing adoption of digital banking presents an opportunity for MyState Ltd to enhance its online presence and offer innovative digital financial solutions. Embracing digital technologies can attract tech-savvy customers and improve operational efficiency.

Threats

  • MyState Ltd operates in a highly competitive market, facing competition from established financial institutions as well as fintech startups. This competition can exert pressure on market share, pricing, and customer acquisition.
  • The company operates within a heavily regulated industry, exposing it to potential compliance risks and increased regulatory scrutiny. Changes in regulations or failure to comply with existing ones can impact MyState Ltd's operations and reputation.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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