Business
Trading Update and Notice of Final Results
Trading Update and Notice of Final Results.
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 \n26 June 2025\n\n \nTime Finance plc\n(\"Time Finance\", the \"Group\" or the \"Company\")\n \nFull-Year Trading Update and Notice of Final Results\n \nRecord revenues and lending-book\nFY 2024/25 revenues and profitability ahead of market expectations\n \nTime Finance plc, the AIM listed independent specialist finance provider, is pleased to issue the following trading update for the full financial year ended 31 May 2025 (\"FY 2024/25\"). The results reflect the continued success of focussing on own-book lending to UK businesses, with demand remaining strong for the Group's multi-product funding offering. This demand has driven further growth across all key financial metrics with both revenue and profitability ahead of market expectations[1] and the lending book having now enjoyed 16 consecutive quarters of growth. This is all while the Group's continued lending discipline has delivered unchanged levels of arrears and write-offs.\n \nUnaudited FY 2024/25 Financial Highlights\n \n· Revenue up 11% to £37.0m (FY 2023/24: £33.2m)\n· Profit before Tax up 34% to £7.9m (FY 2023/24: £5.9m)\n· PBT margin improved by 300 bps to 21% (FY 2023/24: 18%)\n· Net Tangible Assets up 14% to £44.1m at 31 May 2025 (31 May 2024: £38.6m)\n· Gross lending-book up 8% to a record £217m at 31 May 2025 (31 May 2024: £201m)\n· Deferred income up 5% to £26.7m at 31 May 2025 (31 May 2024: £25.4m), providing strong visibility of future earnings\n· Net Arrears unchanged at 5% of the gross lending book at 31 May 2025 (31 May 2024: 5%)\...