S & U PLC (SUS) — Preliminary Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the S and U PLC Full Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Just simply type in your questions and press send. Before we begin, I would like to submit the following poll. And I would now like to hand you over to chairman, Anthony Coombs. Good afternoon to you, sir. Good afternoon, everybody. And can I just thank you, missus Meade, for this opportunity to present our results from S and U for the period of 02/05/2026? We always like the opportunity engaging invest with investors, and we find this a particularly good way of engaging with our retail investors. And, and so many thanks to to investors meet for for for that. Just quickly going through the highlights of of this year. We've had a good year. This is a a year of recovery as we anticipated it would be. But, you know, overall, our our profits are up by 32% to £31,800,000. Both advantage, our motor finance business, has performed very well, 16,500,000 to up to 23,400,000 profit before tax. Receivables are up to 317,000,000, and that's part of group receivables, which have re reached for the first time nearly £500,000,000, and we expect to go even higher over the next three years. Aspen, our property bridging business, has has produced record profits. Both have had significant improvements in their credit quality. Although, to be fair, both the the advantages impairment was unusually high due to a regulatory intervention and are making provision for that for last year, which wasn't required and will will remain at low levels in the years to come, which obviously is is good for ...