London · Delayed Price · Currency is GBP · Price in GBX International Personal Finance Earnings Call Transcripts
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 in H1 2024, driven by strong execution of the Next Gen strategy, robust credit quality, and digital expansion. Full-year pre-exceptional PBT is now guided above consensus, with a share buyback and higher dividend reflecting strong capital and funding positions.