Harmoney Corp Ltd Updates

Nomination and Remuneration Committee Charter Update

On August 20, 2025, Harmoney Corp Ltd announced an update to its Nomination and Remuneration Committee Charter. This update, approved by the board, reflects the company’s ongoing commitment to governance and transparency. The charter outlines the committee’s purpose, authority, and responsibilities, including nomination and remuneration roles. It emphasizes diversity, reporting, and disclosure, ensuring the committee operates with integrity and accountability. The charter also details the composition and size of the committee, the role of the chairperson and secretary, and the process for meetings and decision-making.

Board Charter Update

Simultaneously, Harmoney Corp Ltd released an updated Board Charter, also approved by the board on August 20, 2025. This charter delineates the board’s purpose, roles, and responsibilities, focusing on strategy, oversight of management, and engagement with stakeholders. It underscores the importance of ethics, financial and capital management, risk management, and compliance. The charter specifies the roles of the Chair and the company secretary, outlines delegations of authority, and describes the board’s composition, skills, and independence. It also addresses the conduct of individual directors and the holding of company securities.

Market Overview

In the broader market context, ASX 200 futures were up 20 points (+0.22%) as of 8:30 am AEST on August 20, 2025. This positive movement contrasts with the S&P 500 and Nasdaq, which experienced their worst sessions since August 1, primarily due to a slump in tech stocks. Defensive and value sectors, such as Real Estate, Staples, Utilities, and Healthcare, rallied overnight. The market anticipates significant earnings reports from companies like Breville, Cleanaway, Iluka, and Magellan.

Harmoney Corp Ltd Financials

As of August 17, 2025, Harmoney Corp Ltd’s close price was 0.645 AUD, with a 52-week high of 0.8 AUD on February 20, 2025, and a low of 0.35 AUD on December 5, 2024. The company’s market capitalization stands at 70,410,000 AUD. The price-to-earnings ratio is currently -6.226, reflecting the company’s financial performance and market valuation.

Harmoney Corp Ltd operates as an online direct personal lender in New Zealand and Australia, offering unsecured, risk-based personal loans accessible entirely online. The company continues to focus on providing innovative financial solutions to its customers.