London · Delayed Price · Currency is GBP · Price in GBX S&U plc Earnings Call Transcripts
Fiscal Year 2026
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Profit before tax rose 32% to £31.8m, driven by record results in both motor finance and property bridging. Receivables neared £500m, with strong collections, improved credit quality, and major securitization projects set to double funding capacity.
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Profit before tax rose 22% year-on-year, driven by record Aspen results and recovering Advantage profits, despite a 14% revenue decline. Impairment charges and finance costs fell, gearing improved, and both divisions expect continued growth, supported by a funding review.
Fiscal Year 2025
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Group profit declined due to higher impairments in motor finance, but property finance delivered record results. Regulatory reviews are complete, and both divisions are positioned for growth, with strong capital headroom and a maintained dividend.
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Group profit fell due to higher impairments at Advantage amid regulatory restrictions, but Aspen achieved record growth and profitability. Management expects regulatory impacts to be temporary, with investments in compliance and technology positioning both segments for future growth.