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Pepper Money (ASX:PPM), a non-bank lender, has demonstrated strong cash generation according to Katana Asset Management. In June 2025, Katana noted Pepper Money announced a large 12.5 cent fully franked special dividend to be paid from cash reserves, which highlighted the company's strong cash generation and capital position. Pepper Money operates in the Financials sector within the Diversified Financial Services industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Katana Asset Management. Founded in 2000 and headquartered in North Sydney, Pepper Money provides residential mortgages, including specialist loans for borrowers outside mainstream bank criteria, as well as car, equipment and personal loans through its asset finance division in Australia and New Zealand, funded primarily through warehouse facilities and securitisation, and is majority owned by global alternative investment firm KKR, which has periodically explored options for its stake.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Katana Asset Management have invested in Pepper Money Ltd (ASX:PPM).
Katana highlights Pepper Money's strong cash generation, demonstrated by a large fully franked special dividend paid from cash reserves.
The available commentary does not set out specific risks, though as a specialist lender Pepper Money is exposed to funding costs, competition and credit quality.
Pepper Money Ltd. provides home, car, and personal loan solutions. Founded in 2000 and headquartered in North Sydney, Australia, the company operates across three business segments: Mortgages, Asset Finance, and Loan and Other Servicing. The Mortgages segment covers residential lending in Australia and New Zealand. Asset Finance manages loans for new and used vehicles, marine craft, and equipment. The Loan and Other Servicing segment handles portfolio servicing for third parties and controlled funding vehicles. Pepper Money’s core services include lending, asset finance, third-party servicing, and support for debt investors and mortgage brokers.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.