Business
Q1 Trading Update
Time Finance PLC reported a strong first quarter for the financial year 2025/26, with record quarterly revenues and net tangible assets. Own-book lending origination increased by 30% to £28.5 million. Revenue rose by 3% to £9.4 million, and profit before tax increased by 11% to £2.1 million, resulting in a profit before tax margin increase of 100 bps to 22%. Net tangible assets grew by 14% to £45.6 million. The gross lending book also saw an 8% increase, reaching £221.1 million. Net arrears remained unchanged at 5% of the gross lending book, and net bad debt write-offs were steady at 1% of the average gross lending book. The company anticipates trading for the financial year ending May 31, 2026, to be at least in line with market expectations. Disclaimer*
About this update from Time Finance Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n24 September 2025\n\n \nTime Finance plc\n(\"Time Finance\", the \"Group\" or the \"Company\")\n \nQ1 Trading Update\n \nRecord Quarterly Revenues, Record Net Tangible Assets and Record Lending Book\n \nTime Finance plc, the AIM listed independent specialist finance provider is pleased to provide the following update on the Group's trading performance for the first quarter of the current financial year covering the three months to 31 August 2025. The results reflect the continued strong demand for the Group's multi-product funding offering which has resulted in further growth across all key financial metrics. The lending book has now enjoyed seventeen consecutive quarters of growth, while the Group's continued lending discipline has delivered unchanged levels of arrears and write-offs.\n \nUnaudited Q1 2025/26 financial highlights:\n· Own-Book Lending Origination up 30% to £28.5m (Q1 2024/25: £22.0m)\n· Revenue up 3% to £9.4m (Q1 2024/25: £9.1m)\n· Profit before Tax up 11% to £2.1m (Q1 2024/25: £1.9m)\n· Profit Before Tax margin up 100 bps to 22% (Q1 2024/25: 21%)\n· Net Tangible Assets up 14% to £45.6m at 31 August 2025 (31 August 2024: £40.1m)\n· Gross Lending Book up 8% to £221.1m at 31 August 2025 (31 August 2024: £205.3m)\n· Net Arrears unchanged at 5% of the gross lending book at 31 August 2025 (31 August 2024: 5%)\n· Net Bad Debt Write-Offs unchanged at 1% of the average gross lending book at 31 Aug...