London · Delayed Price · Currency is GBP · Price in GBX International Personal Finance Earnings Call Transcripts
Fiscal Year 2026
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Reported GBP 47.4 million pre-exceptional profit before tax, 17% growth in net receivables, and 5.4% increase in customer numbers. Acquisition by Basepoint is set to complete in August, with strong lending and receivables growth across all divisions and continued investment in technology and expansion.
Fiscal Year 2025
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Profit before tax rose 4% to GBP 88.6 million, with lending and receivables up double digits and customer numbers growing for the first time in a decade. Regulatory uncertainty and rising tech costs are key risks, but strong capital and funding support continued investment and growth.
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Q3 saw strong growth with group lending up 14% and digital businesses in Mexico and Australia leading expansion. Credit quality remains high, funding is robust, and the company is on track to meet full-year guidance, with further expansion planned for 2026.
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Profit before tax rose 5.5% to GBP 49.9 million, with strong lending and receivables growth across all divisions. Interim dividend increased 11.8%, and robust capital and funding support ongoing expansion, despite regulatory and currency headwinds.
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Q1 saw 12% lending growth and a 10% rise in net receivables, with strong momentum in Poland, Romania, and Mexico. Impairment rates fell below target, cost-income ratio held steady, and new funding plus a share buyback were announced.
Fiscal Year 2024
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Reported pre-exceptional profit before tax rose 1.5% to GBP 85.2 million, with all divisions outperforming plans and robust lending growth. Dividend increased 11%, a new GBP 15 million buyback was announced, and 2025 is set for accelerated growth, especially in receivables.
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Q3 saw strong financial performance, with 11% receivables growth (ex-Poland), a 9.2% impairment rate, and robust demand for credit. Poland's business stabilized and is set for double-digit growth next year, pending a full license. Guidance for 2024 is reaffirmed.
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Profit before tax rose 25% year-on-year to GBP 47.3 million, with strong lending growth outside Poland and robust credit quality. Full-year pre-exceptional PBT is guided at GBP 78-82 million, ahead of consensus, and a GBP 15 million share buyback was announced.