Interim results for six months ended 30 June 2025

About this update from Osb Group Plc

[{"type":"image","alt":"OSB GROUP PLC","displaySize":"","headline":null,"caption":"OSB GROUP PLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/8140bcde975cea859dd81c6139395e8b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/F6We_dys.tcJnBDzALWwGw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/8140bcde975cea859dd81c6139395e8b","width":300,"height":300}},"lazy":false},{"type":"text","content":"OSB GROUP PLC","length":13,"tagName":"p"},{"type":"text","content":"Interim report","length":14,"tagName":"p"},{"type":"text","content":"for the six months ended 30 June 2025","length":37,"tagName":"p"},{"type":"text","content":"LEI: 213800ZBKL9BHSL2K459","length":25,"tagName":"p"},{"type":"text","content":"","length":0,"tagName":"p"},{"type":"text","content":"20 August 2025","length":14,"tagName":"p"},{"type":"text","content":"OSB GROUP PLC (OSBG or the Group), the specialist lending and retail savings group, announces today its results for the six months ended 30 June 2025.","length":150,"tagName":"p"},{"type":"text","content":"Andy Golding, Group CEO, said:","length":30,"tagName":"p"},{"type":"text","content":"“The Group’s results for the first half of 2025 demonstrate resilient financial performance in line with management expectations in addition to strategic progress as we work our way through the two-year transition period.","length":221,"tagName":"p"},{"type":"text","content":"We continued to exercise cost and lending discipline and our focus on returns was reflected in a 13.7% return on tangible equity. Our transformation programme is on track and I am pleased with the favourable feedback received following the soft launch of our new lending platform and Rely brand for Buy-to-Let investors, both key steps in our strategic plan.","length":358,"tagName":"p"},{"type":"text","content":"We delivered 1.2% net loan book growth in the first half as we focused on loan book diversification. In line with the targeted expansion into higher yielding sub-segments where we have existing expertise, we saw strong growth in originations across Commercial, Asset finance, Residential development and Bridging.","length":313,"tagName":"p"},{"type":"text","content":"Given the performance in the first half of the year, today we reitera...

More updates from Osb Group Plc