Time Finance H1 FY25/26 profit before tax rises 10% to $5.7m

Time Finance has reported nett earlier taxation of £4.3m ($5.7m) for the six months ended 30 November 2025 (H1 FY25/26), up 10% from £3.9m recorded successful the aforesaid play past twelvemonth (H1 FY24/25).

The company’s lending publication registered maturation for 18 consecutive quarters alongside a diminution successful arrears and write-offs.

The afloat unaudited interim results are expected to beryllium published connected 27 January 2026.

During the archetypal half, caller concern origination connected the company’s ain publication roseate by 48%, reaching £62m from £42m successful H1 FY24/25.

Gross lending publication expanded by 12% to £235m arsenic of 30 November 2025.

Revenue moved higher by 3%, totalling £18.8m for the play compared to £18.2m a twelvemonth earlier.

Net tangible assets were recorded astatine £47.2m astatine the adjacent of November 2025, representing a emergence of 14% from £41.5m 12 months prior.

Net arrears arsenic a proportionality of the gross lending publication decreased by 0.8% to 4.5% by the extremity of November 2025, compared to 5.3% astatine the aforesaid constituent past year.

Record monthly volumes were reported successful some plus concern and invoice concern operations implicit this half-year period.

The radical continues to support its absorption connected secured lending done its invoice concern concern and what it identifies arsenic the ‘Hard’ subset wrong its plus division.

These 2 offerings unneurotic present correspond astir 87% of the full lending book, rising from a stock of 78% 1 twelvemonth ago.

In addition, they accounted for much than 98% of caller deals recorded successful the archetypal fractional of this fiscal year.

Time Finance CEO Ed Rimmer said: "The archetypal fractional of FY25/26 has been truly encouraging. Despite the wider macro-economic headwinds, the equilibrium expanse has further strengthened with nett tangible assets present successful excess of £47m. At the aforesaid time, the lending publication has continued its accordant maturation but, crucially, not astatine the disbursal of quality, with arrears and write-offs continuing to improve.

“The concern has besides managed to put successful its Business Improvement function, which drives operational efficiencies, portion inactive achieving grounds six-monthly revenues and levels of nett earlier tax. The board, therefore, continues to stay assured that the radical is well-positioned for further maturation and to physique accrued worth for its shareholders implicit time.

Earlier this month, Time Finance appointed Geoff Worrall arsenic caput of structured recognition wrong its plus concern division, successful enactment with ongoing plans to grow UK plus concern activities.

"Time Finance H1 FY25/26 nett earlier taxation rises 10% to $5.7m" was primitively created and published by Leasing Life, a GlobalData owned brand.