Half Year 2026 Trading Update (unaudited)

About this update from Funding Circle Holdings Plc

Strong First Half Performance and Continued Growth Momentum LONDON, July 16, 2026 (GLOBE NEWSWIRE) -- Lisa Jacobs, CEO of Funding Circle, said: "It's been another standout six months for Funding Circle. We've built upon last year's momentum with strong revenue and profit growth, driven by our continued product development and market demand. Small businesses power the UK economy, driving innovation, creating jobs and fuelling regional growth. We're proud to have helped a record number of businesses in H1 access the finance they need to win. "Our Term Loans business is highly cash-generative, which has enabled us to scale our FlexiPay and Card products. We remain focused on profitable growth - backing even more small businesses across the UK with the funding they need to succeed." Business performanceBuilding on the performance achieved in 2025, the Group has had a strong first half of 2026. This was underpinned by our new product innovation in 2025, in particular the new shorter-term loan offering launched at the end of HY 2025 which has now contributed throughout HY 2026. Alongside this we have seen strong SME demand in Q1 2026, which carried through from late 2025 before normalising in Q2 2026 as we approach the typically quieter summer period. Revenue grew to c.£138 million, up 50% (HY 2025: £92 million, FY 2025: £204 million), and profit before tax was c.£23 million (HY 2025: £6 million, FY 2025: £20 million). Overall credit extended for the half was £1.7 billion (HY 2025: £1.1 billion, FY 2025: £2.5 billion), and assets under management ("AuM") grew to £3.3 billion (HY 2025: £2.8 billion, FY 2025: £3.0 billion). The Group's unrestricted cash balance was £136 million at 30 June 2026 (31 December 2025: £101 million). The increase reflects trading performance and the monetisation of the shorter-term loan portfolio (as referenced in our March 2026 results), partly offset by the ongoing share buyback programme. Our Term Loans business grew originations to £1,050 million (HY 2025: £736 million) and AuM grew to £3.0 billion (HY 2025: £2.7 billion, FY 2025: £2.8 billion). Term Loans continues to demonstrate strong operating leverage and high cash generation, enabling us to increase investment in FlexiPay and Card. We continue to have a strong funding pipeline with two new forward flow agreements totalling £900 million signed in the half. Our FlexiPay and...

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